Form 4 for TH Target Hospitality Corp.
Accepted 2025-07-02 00:00:00 ET · period of report 2025-06-30 · accession 0001712189-25-000066 · 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 | 2025-07-02 | 2025-06-30 | TH | Schrenk Troy C. | CCO, SEVP, Ops | F - Tax | $7.12 | -34.2K | 223.9K | -13% | -$243.6K |
| D | 2025-07-02 | 2025-06-30 | TH | Schrenk Troy C. | CCO, SEVP, Ops | M - OptEx | — | +100.0K | 258.1K | +63% | — |
| D | 2025-07-02 | 2025-06-30 | TH | Schrenk Troy C. | CCO, SEVP, Ops | M - OptEx | $0.00 | -100.0K | 100.0K | -50% | $0 |
| D | 2025-07-02 | 2025-06-30 | TH | Schrenk Troy C. | CCO, SEVP, Ops | D - Sale to Iss | $0.00 | -100.0K | 0 | -100% | $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 | 2025-06-30 | F | D | 34,208 | $7.12 | 223,897 | D | — | — | |
| 2 | Common | Common Stock, par value $0.0001 per share | 2025-06-30 | M | A | 100,000 | — | 258,105 | D | — | — | (F1) Each Performance-Based Restricted Stock Unit ("PSU") 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. |
| 3 | Derivative | Performance Based Restricted Stock Units | 2025-06-30 | M | D | 100,000 | $0.00 | 100,000 | D | — · — to — | 100,000 Common Stock | (F2) On July 12, 2022, the Reporting Person was granted a maximum number of 200,000 PSUs pursuant to a Performance-Based Restricted Stock Unit Agreement, by and between the Reporting Person and the Issuer, dated as of July 12, 2022 (the "PSU Agreement"). The actual number of PSUs that vested and became unrestricted was based on criteria described in footnote 3 to this Form 4, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan, as amended (the "Plan"), and the PSU Agreement. (F1) Each Performance-Based Restricted Stock Unit ("PSU") 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) The cumulative number of PSUs reported herein vested and became unrestricted on June 30, 2025 based on the Issuer's Common Stock achieving certain volume weighted average prices during any 60 consecutive calendar day period (the "Measurement Periods"). The number of PSUs earned are cumulative and based on the achievement of agreed Common Stock price targets ranging from $12.50 to $20.00 during each annual Measurement Period pursuant to the PSU Agreement and subject to the terms and conditions of the Plan. |
| 4 | Derivative | Performance Based Restricted Stock Units | 2025-06-30 | D | D | 100,000 | $0.00 | 0 | D | — · — to — | 100,000 Common Stock | (F2) On July 12, 2022, the Reporting Person was granted a maximum number of 200,000 PSUs pursuant to a Performance-Based Restricted Stock Unit Agreement, by and between the Reporting Person and the Issuer, dated as of July 12, 2022 (the "PSU Agreement"). The actual number of PSUs that vested and became unrestricted was based on criteria described in footnote 3 to this Form 4, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan, as amended (the "Plan"), and the PSU Agreement. (F1) Each Performance-Based Restricted Stock Unit ("PSU") 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) The cumulative number of PSUs reported herein vested and became unrestricted on June 30, 2025 based on the Issuer's Common Stock achieving certain volume weighted average prices during any 60 consecutive calendar day period (the "Measurement Periods"). The number of PSUs earned are cumulative and based on the achievement of agreed Common Stock price targets ranging from $12.50 to $20.00 during each annual Measurement Period pursuant to the PSU Agreement and subject to the terms and conditions of the Plan. |