Form 4 for TH Target Hospitality Corp.

Accepted 2022-01-04 00:00:00 ET · period of report 2021-12-31 · accession 0001567619-22-000249 · 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	2022-01-04	2021-12-31	TH	STUDDERT ANDREW P	Dir	M - OptEx	—	+38.5K	236.1K	+19%	—
D	2022-01-04	2021-12-31	TH	STUDDERT ANDREW P	Dir	M - OptEx	$0.00	-38.5K	0	-100%	$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	2021-12-31	M	A	38,462	—	236,094	D	—	—	(F1) Each restricted stock unit represents a contingent right to receive upon vesting one share of common stock of the Issuer, par value $0.0001 per share ("Common Stock"), or its cash equivalent.
2	Derivative	Restricted Stock Units	2021-12-31	M	D	38,462	$0.00	0	D	— · — to —	38,462 Common Stock	(F1) Each restricted stock unit represents a contingent right to receive upon vesting one share of common stock of the Issuer, par value $0.0001 per share ("Common Stock"), or its cash equivalent. (F2) On May 18, 2021, the Reporting Person was granted 38,462 restricted stock units ("RSUs") which vest in full on the first anniversary of the grant date or, if earlier, the date of the first annual meeting of the stockholders of the Issuer following the grant date, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan") and the award agreement. On December 6, 2021, Reporting Person submitted his notice to resign from the Issuer's Board of Directors (the "Board") effective December 31, 2021. On December 7, 2021 and as permitted by the Plan, the Board approved the accelerated vesting of one hundred present (100%) of the 38,462 RSUs granted on May 18, 2021.