Welcome to our dedicated page for Target Hospitality SEC filings (Ticker: TH), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Target Hospitality Corp. filings document the public-company record for a Nasdaq-listed provider of modular accommodations and hospitality services. Its 8-K reports disclose operating results, investor presentations, Regulation FD business updates, contract announcements and material corporate events connected to its workforce communities and service offerings.
TH filings also cover common stock registration and capital-structure matters, including prospectus supplements and underwriting agreements for secondary offerings by selling stockholders. Proxy materials describe annual meeting proposals, board composition, committee service, executive compensation and equity incentive matters, while governance-related 8-K filings record director appointments and amendments to performance stock unit arrangements under the company incentive plan.
Target Hospitality Corp. director Stephen Robertson reported restructuring transactions involving indirect holdings, not open-market trades. Several entries coded "J" show an in-kind distribution of Common Stock to investment entities Ball LP and Halkin Private Capital Limited at a stated price of $0.0000 per share. A separate line records that Robertson holds 752,397 shares of Common Stock directly following the reported events. Footnotes explain that the distributions stem from partners electing to receive stock instead of cash in a secondary offering managed by TDR Capital, and that Robertson may be deemed an ultimate beneficial owner while disclaiming ownership in Ball LP and Halkin beyond his pecuniary interest.
Target Hospitality Corp. disclosed that investment entities affiliated with TDR Capital restructured and reduced their indirect stake. On May 28, 2026, MFA Global and Arrow Holdings distributed an aggregate 1,203,134 shares of common stock to certain limited partners for no consideration. On May 29, 2026, the same entities sold an aggregate 8,050,000 shares in an underwritten public offering at $16.3625 per share. After these transactions, they continued to hold 47,322,869 shares indirectly through Arrow and MFA Global, and various TDR Capital-related entities may be deemed beneficial owners but expressly disclaim beneficial ownership beyond their pecuniary interest.
TDR Capital-affiliated investors filed Amendment No. 6 to update their Schedule 13D on Target Hospitality Corp. common stock. The filing notes that Arrow Holdings and MFA Global distributed in kind an aggregate of 1,203,134 shares to certain limited partners.
On May 28, 2026, these shareholders entered an underwriting agreement with Morgan Stanley & Co. LLC and Deutsche Bank Securities Inc. for the offer and sale of 8,050,000 shares of Target Hospitality common stock at $16.3625 per share, with the deal closing on May 29, 2026.
The reporting persons disclose beneficial ownership of 47,322,869 shares, representing 47.5% of the common stock. Within this, Sapphire Holding and Arrow Holdings each report 35,973,253 shares, or 36.1%, and MFA entities report 11,349,616 shares, or 11.4% of the class.
Target Hospitality Corp. announced a fully underwritten secondary public offering of 7,000,000 shares of its common stock at $17.00 per share, sold by existing stockholders Arrow Holdings S.à r.l. and MFA Global S.à r.l.
The selling stockholders also granted underwriters a 30-day option to buy up to 1,050,000 additional shares. Total gross proceeds to the selling stockholders are approximately $119 million, and the company is not selling shares and will not receive any proceeds. The offering uses an existing effective Form S-3 shelf registration and is led by Morgan Stanley & Co. LLC and Deutsche Bank Securities Inc. as book-running managers.
Target Hospitality Corp. resale prospectus supplement registers 7,000,000 shares of Common Stock held by affiliates of investment funds managed by TDR Capital LLP, with an underwriter option for an additional 1,050,000 shares for 30 days. The company will receive no proceeds from the sales; the selling stockholders will receive net proceeds after underwriting discounts. The offering price is $17.00 per share and the underwriters expect to deliver the shares on or about May 29, 2026. The filing states that, after this offering, outstanding Common Stock will be 99,585,466 shares (assumed basis) and that the company will cease to be a “controlled company” under Nasdaq governance standards.
Target Hospitality Corp. registration permits resale of 7,000,000 shares of Common Stock by affiliates of investment funds managed by TDR Capital LLP.
The underwriters have a 30‑day option to purchase up to 1,050,000 additional shares. The Company will receive no proceeds from this offering; the selling stockholders will receive all net proceeds.
Shares outstanding were 99,585,466 as of May 26, 2026, and ownership by Arrow Holdings and MFA Global together was ~56.8% prior to this offering, decreasing to ~49.7% after this offering (approximate figures disclosed).
Target Hospitality Corp. director Alejandro Hernandez reported equity compensation changes. On May 21, 2026, he exercised 16,061 Restricted Stock Units (RSUs), receiving the same number of common shares and ending that RSU award. Following the exercise, he directly holds 32,901 shares of common stock.
On the same date, he also received a new grant of 7,597 RSUs under the Target Hospitality Corp. 2019 Incentive Award Plan. These RSUs vest in full on May 21, 2027, or earlier if the next annual stockholders’ meeting occurs before that date.
Target Hospitality Corp. director Pamela H. Patenaude reported routine equity compensation activity. On May 21, 2026, she exercised 16,061 Restricted Stock Units into the same number of shares of common stock, reflecting the vesting of a prior equity award.
The filing also shows a new grant of 7,597 Restricted Stock Units, each representing a contingent right to receive one share of common stock or its cash equivalent. These new units vest in full on May 21, 2027, or earlier if the next annual stockholder meeting occurs before that date, and settled shares are generally delivered upon separation from the board.
After the transactions, Patenaude holds 69,375 shares of common stock directly, along with 7,597 unvested Restricted Stock Units. The activity involves no open-market buying or selling and reflects standard director compensation and vesting mechanics under Target Hospitality Corp.’s 2019 Incentive Award Plan.
Target Hospitality Corp. director Paul Hohnsbeen reported routine equity compensation activity. On May 21, 2026, he exercised 347 shares of previously granted Restricted Stock Units into the same number of common shares at a stated price of $0.0000 per share, leaving him with 347 common shares reported directly owned.
On the same date, he also received a new grant of 7,597 Restricted Stock Units, each representing a contingent right to receive one share of common stock or its cash equivalent upon vesting. According to the plan terms, these RSUs vest in full on May 21, 2027 or, if earlier, on the date of the next annual stockholder meeting.
Target Hospitality Corp. director Linda R. Medler reported equity compensation-related transactions. On May 21, 2026, she exercised 16,061 Restricted Stock Units (RSUs) into an equal number of shares of common stock, increasing her direct ownership to 62,885 common shares.
On the same date, she was granted 7,597 new RSUs, each representing a contingent right to receive one share of common stock or its cash equivalent. These RSUs vest in full on May 21, 2027, or earlier if the next annual stockholder meeting occurs before then, with delivery of vested shares generally deferred until separation of service from the board.