Form 4 for TH Target Hospitality Corp.

Accepted 2023-03-20 00:00:00 ET · period of report 2023-03-17 · accession 0001140361-23-012565 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2023-03-20	2023-03-17	TH	Lewis Heidi Diane	EVP, GC, Sec	M - OptEx	$4.51	+19.8K	97.5K	+26%	+$89.5K
D	2023-03-20	2023-03-17	TH	Lewis Heidi Diane	EVP, GC, Sec	F - Tax	$16.30	-8,485	88.5K	-9%	-$138.3K
D	2023-03-20	2023-03-17	TH	Lewis Heidi Diane	EVP, GC, Sec	M - OptEx	$0.00	-19.8K	19.8K	-50%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock, par value $0.0001 per share	2023-03-17	M	A	19,841	$4.51	97,505	D	—	—
2	Common	Common Stock, par value $0.0001 per share	2023-03-17	F	D	8,485	$16.30	88,520	D	—	—
3	Derivative	Employee Stock Option (right to buy)	2023-03-17	M	D	19,841	$0.00	19,841	D	$4.51 · — to 2030-03-04	19,841 Common Stock	(F1) The options reported in this footnote 1 represent the right upon vesting to buy shares of common stock of the Issuer, par value $0.0001 per share ("Common Stock"), pursuant to the terms and conditions of the Target Hospitality Corp. 2019 Incentive Award Plan (as amended, the "Plan") and the Nonqualified Stock Option Award Agreement entered into between the Issuer and the Reporting Person as of March 4, 2020 (the "2020 Option Award Agreement"). The options reported in this footnote 1 vest in equal installments on each of the first four anniversaries of the grant date beginning on March 4, 2021, subject to the terms and conditions of the Plan and 2020 Option Award Agreement.