Form 4 for TH Target Hospitality Corp.
Accepted 2023-02-28 00:00:00 ET · period of report 2023-02-24 · accession 0001567619-23-003915 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-02-28 | 2023-02-24+ | TH | Archer James B. | Pres, CEO, Dir | M - OptEx | $1.79 | +453.1K | 1.61M | +39% | +$811.0K |
| DM | 2023-02-28 | 2023-02-24+ | TH | Archer James B. | Pres, CEO, Dir | F - Tax | $15.12 | -71.4K | 1.34M | -5% | -$1.08M |
| D | 2023-02-28 | 2023-02-27 | TH | Archer James B. | Pres, CEO, Dir | D - Sale to Iss | $14.71 | -271.7K | 1.34M | -17% | -$4.00M |
| DM | 2023-02-28 | 2023-02-24+ | TH | Archer James B. | Pres, CEO, Dir | M - OptEx | $0.00 | -453.1K | 371.0K | -55% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | 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 | 2023-02-25 | M | A | 119,048 | — | 1,386,628 | 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 | Common | Common Stock, par value $0.0001 per share | 2023-02-24 | F | D | 24,512 | $15.12 | 1,267,580 | D | — | — | (F2) Restricted stock units withheld for payment of tax liability upon vesting of 62,293 RSUs on 02/24/2023 and 119,048 RSUs on 02/25/2023. Stock price reflects closing stock price as of February 24, 2023, the last business day prior to vest. |
| 3 | Common | Common Stock, par value $0.0001 per share | 2023-02-24 | M | A | 62,293 | — | 1,292,092 | 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. |
| 4 | Common | Common Stock, par value $0.0001 per share | 2023-02-25 | F | D | 46,845 | $15.12 | 1,339,783 | D | — | — | (F2) Restricted stock units withheld for payment of tax liability upon vesting of 62,293 RSUs on 02/24/2023 and 119,048 RSUs on 02/25/2023. Stock price reflects closing stock price as of February 24, 2023, the last business day prior to vest. |
| 5 | Common | Common Stock, par value $0.0001 per share | 2023-02-27 | D | D | 271,739 | $14.71 | 1,339,783 | D | — | — | |
| 6 | Common | Common Stock, par value $0.0001 per share | 2023-02-27 | M | A | 271,739 | $1.79 | 1,611,522 | D | — | — | |
| 7 | Derivative | Restricted Stock Units | 2023-02-24 | M | D | 62,293 | $0.00 | 490,047 | D | — · — to — | 62,293 Common Stock | (F3) Total includes unvested RSUs from the following grants: 249,169 RSUs granted on February 24, 2022 which vest in four equal installments on each of the first four anniversaries of the grant date beginning on February 24, 2023; 238,095 RSUs granted on February 25, 2021 which vest 50% on the second anniversary of the grant date and the remaining 50% on the third anniversary of the grant date; 107,067 RSUs granted on March 4, 2020 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on March 4, 2021; and 46,169 RSUs granted on May 21, 2019 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on May 21, 2020. Awards are subject to the terms of the respective RSU award agreements and subject to the Target Hospitality Corp. 2019 Incentive Award Plan, as amended. (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. |
| 8 | Derivative | Stock Appreciation Rights | 2023-02-27 | M | D | 271,739 | $0.00 | 271,739 | D | $1.79 · — to 2031-02-25 | 271,739 Common Stock | (F4) The Stock Appreciation Rights ("SARs"), reported on this Form 4, represent upon exercise the right to receive payment in cash or stock, at the Issuer's discretion, the amount of the increase from the grant date price and fair market value pursuant to the terms and conditions of the Target Hospitality Corp. 2019 Incentive Award Plan, as amended, and the SAR Award Agreement entered into between the Issuer and the Reporting Person as of February 25, 2021 (the "SAR Award Agreement"). The SARs vest 50% on the second anniversary of the grant date and the remaining 50% on the third anniversary of the grant date, subject to the terms and conditions of the Target Hospitality Corp. 2019 Incentive Award Plan, as amended and SAR Award Agreement. |
| 9 | Derivative | Restricted Stock Units | 2023-02-25 | M | D | 119,048 | $0.00 | 370,999 | D | — · — to — | 119,048 Common Stock | (F3) Total includes unvested RSUs from the following grants: 249,169 RSUs granted on February 24, 2022 which vest in four equal installments on each of the first four anniversaries of the grant date beginning on February 24, 2023; 238,095 RSUs granted on February 25, 2021 which vest 50% on the second anniversary of the grant date and the remaining 50% on the third anniversary of the grant date; 107,067 RSUs granted on March 4, 2020 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on March 4, 2021; and 46,169 RSUs granted on May 21, 2019 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on May 21, 2020. Awards are subject to the terms of the respective RSU award agreements and subject to the Target Hospitality Corp. 2019 Incentive Award Plan, as amended. (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. |