Form 4 for TH Target Hospitality Corp.
Accepted 2024-02-27 00:00:00 ET · period of report 2024-02-24 · accession 0001712189-24-000009 · 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 | 2024-02-27 | 2024-02-24+ | TH | Archer James B. | CEO, Pres, Dir | M - OptEx | — | +181.3K | 1.48M | +14% | — |
| DM | 2024-02-27 | 2024-02-24+ | TH | Archer James B. | CEO, Pres, Dir | F - Tax | $9.41 | -71.4K | 1.36M | -5% | -$671.5K |
| DM | 2024-02-27 | 2024-02-24+ | TH | Archer James B. | CEO, Pres, Dir | M - OptEx | $0.00 | -181.3K | 209.0K | -46% | $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 | 2024-02-24 | M | A | 62,292 | — | 1,383,025 | 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 | 2024-02-25 | F | D | 46,844 | $9.41 | 1,430,717 | D | — | — | (F2) Restricted stock units withheld for payment of tax liability upon vesting of 62,292 RSUs on 02/24/2024 and 119,047 RSUs on 02/25/2024. Stock price reflects closing stock price as of February 23, 2024, the last business day prior to vest. |
| 3 | Common | Common Stock, par value $0.0001 per share | 2024-02-25 | M | A | 119,047 | — | 1,477,561 | 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 | 2024-02-24 | F | D | 24,511 | $9.41 | 1,358,514 | D | — | — | (F2) Restricted stock units withheld for payment of tax liability upon vesting of 62,292 RSUs on 02/24/2024 and 119,047 RSUs on 02/25/2024. Stock price reflects closing stock price as of February 23, 2024, the last business day prior to vest. |
| 5 | Derivative | Restricted Stock Units | 2024-02-24 | M | D | 62,292 | $0.00 | 328,089 | D | — · — to — | 62,292 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. (F3) Total includes unvested RSUs from the following grants: 57,692 RSUs granted on March 1, 2023 which vest in four equal installments on each of the first four anniversaries of the grant date beginning on March 1, 2024; 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 and 107,067 RSUs granted on March 4, 2020 which vest in four equal installments on each of the first four anniversaries of the grant date beginning on March 4, 2021. 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. |
| 6 | Derivative | Restricted Stock Units | 2024-02-25 | M | D | 119,047 | $0.00 | 209,042 | D | — · — to — | 119,047 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. (F3) Total includes unvested RSUs from the following grants: 57,692 RSUs granted on March 1, 2023 which vest in four equal installments on each of the first four anniversaries of the grant date beginning on March 1, 2024; 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 and 107,067 RSUs granted on March 4, 2020 which vest in four equal installments on each of the first four anniversaries of the grant date beginning on March 4, 2021. 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. |