Form 4 for TH Target Hospitality Corp.

Accepted 2023-03-14 00:00:00 ET · period of report 2023-03-10 · accession 0001567619-23-004975 · 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	2023-03-14	2023-03-10	TH	Kelley John Travis	EVP - Ops	D - Sale to Iss	$16.66	-54.3K	51.7K	-51%	-$905.4K
D	2023-03-14	2023-03-10	TH	Kelley John Travis	EVP - Ops	M - OptEx	$1.79	+54.3K	106.0K	+105%	+$97.3K
D	2023-03-14	2023-03-10	TH	Kelley John Travis	EVP - Ops	M - OptEx	$0.00	-54.3K	54.3K	-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	2023-03-10	D	D	54,348	$16.66	51,683	D	—	—
2	Common	Common Stock, par value $0.0001 per share	2023-03-10	M	A	54,348	$1.79	106,031	D	—	—
3	Derivative	Stock Appreciation Rights	2023-03-10	M	D	54,348	$0.00	54,348	D	$1.79 · — to 2031-02-25	54,348 Common Stock	(F1) The Stock Appreciation Rights ("SARs"), reported on this Form 4, represent upon vesting 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.