Target Hospitality corrects director's share count
The amended report lists 465,950 shares held directly by the director as of May 28, 2026, apart from Ball LP's distribution entries.
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Form Type
4/A
Rhea-AI Filing Summary
Target Hospitality Corp. director Stephen Robertson amended his ownership report to correct a prior over-reporting of 10,621 shares, in aggregate, that he may be deemed to beneficially own in connection with Ball LP. Entries dated May 28, 2026 report Ball LP acquiring 71,133 and 225,460 shares through an in-kind distribution, following an election to receive Common Stock instead of cash proceeds from a secondary offering. Robertson disclaims beneficial ownership of Ball LP's shares except to the extent of his pecuniary interest.
Insider Trade Summary
Other: 296,593 shares
Other
3 txns
Insider
Robertson Stephen
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock, par value $0.0001 per share F2, F3, F4 | 71,133 | -- | -- |
| Other | Common Stock, par value $0.0001 per share F2, F3, F4 | 225,460 | -- | -- |
| holding | Common Stock, par value $0.0001 per share F1 | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.0001 per share — 296,593 shares (Indirect, By Ball LP);
Common Stock, par value $0.0001 per share — 465,950 shares (Direct)
Footnotes (4)
- F1. The total number of shares of common stock of the Issuer, par value $0.0001 ("Common Stock") directly held by the Reporting Person was over-reported by 286,447 shares of Common Stock due to an inadvertent administrative error in the Reporting Person's Form 4 filed on May 26, 2026, and also were over-reported in subsequent Forms 4 filed by the Reporting Person. The Reporting Person's beneficial ownership has been corrected in this Form 4.
- F2. Represents an in-kind distribution of shares of Common Stock to partners or members of TDR Capital ("TDR"). The shares were acquired in connection with the election to receive Common Stock in lieu of cash proceeds, without additional consideration, following a secondary offering by MFA Global S.a r.l. ("MFA Global") and Arrow Holdings S.a r.l. ("Arrow"). TDR is the manager of the investment fund that is the ultimate beneficial owner of each of MFA Global and Arrow.
- F3. The Reporting Person is the director and controlling stockholder of Halkin Private Capital Limited ("Halkin") and is deemed the ultimate beneficial owner of the shares of Common Stock held by Halkin. Halkin is a director and shareholder of Ball GP, the general partner to Ball LP, in which the Reporting Person is a limited partner and holds a 35.6% ownership interest.
- F4. The Reporting Person may be deemed to beneficially own a certain number of the shares of Common Stock distributed to Ball LP in connection with the Offering. The Reporting Person disclaims beneficial ownership of the shares of Common Stock held by Ball LP, except to the extent of his pecuniary interest therein.
Key Figures
Shares in prior over-reporting: 10,621 shares
Shares acquired by Ball LP: 71,133 shares
Shares acquired by Ball LP: 225,460 shares
+1 more
4 metrics
Shares in prior over-reporting
10,621 shares
Aggregate correction to shares Robertson may be deemed to beneficially own in connection with Ball LP.
Shares acquired by Ball LP
71,133 shares
Entry dated May 28, 2026.
Shares acquired by Ball LP
225,460 shares
Entry dated May 28, 2026.
Direct shares held
465,950 shares
Held directly by Stephen Robertson as of May 28, 2026.
Key Terms
in-kind distribution, beneficially own, pecuniary interest, secondary offering
4 terms
in-kind distribution financial
"Represents an in-kind distribution of shares of Common Stock"
A distribution of value to shareholders or beneficiaries made by transferring assets instead of paying cash, such as shares, bonds, or property. Like receiving a box of goods rather than money, it changes what you hold rather than adding liquid funds; investors care because it affects a portfolio’s composition, liquidity, tax reporting, and cost basis for the received assets.
beneficially own financial
"may be deemed to beneficially own a certain number of the shares"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
pecuniary interest financial
"except to the extent of his pecuniary interest therein"
secondary offering financial
"following a secondary offering by MFA Global and Arrow"
A secondary offering is when a company sells new shares of its stock to the public after its initial sale. This allows existing shareholders or the company itself to raise additional money. For investors, it can impact the stock’s price by increasing the total number of shares available, which may influence the stock’s value and how the market perceives the company’s financial health.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did TH's Form 4/A correct?
Stephen Robertson's prior Form 4 had over-reported by 10,621 shares, in aggregate, the Common Stock he may be deemed to beneficially own in connection with the in-kind distribution to Ball LP. The amendment corrects that reported amount.
AI-generated analysis. How Rhea-AI works. Not financial advice.
