Target Hospitality CCO buys 5,907 shares

Target Hospitality’s chief commercial officer increased his direct share holdings through an open-market purchase.

Rhea-AI Filing Summary

Target Hospitality Corp. (TH) reported that Chief Commercial Officer Troy C. Schrenk purchased 5,907 shares of common stock on September 18, 2026, in an open-market or private transaction at $21.16 per share. Following this purchase, he directly holds 216,995 shares of Target Hospitality common stock. No Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Net Buyer: 5,907 shares

Net Buy 1 txn

Insider Schrenk Troy C.

Role Chief Commercial Officer

Bought 5,907 shs ($125K)

Type	Security	Shares	Price	Value
Purchase	Common Stock, par value $0.001 per share	5,907	$21.16	$125K

Holdings After Transaction: Common Stock, par value $0.001 per share — 216,995 shares (Direct)

Key Figures

Shares purchased: 5,907 shares Purchase price per share: $21.16 per share Shares owned after transaction: 216,995 shares

3 metrics

Shares purchased 5,907 shares Common stock acquired on September 18, 2026

Purchase price per share $21.16 per share Price paid for Target Hospitality common stock

Shares owned after transaction 216,995 shares Direct holdings by Troy C. Schrenk following the purchase

Key Terms

Rule 10b5-1, open market or private transaction, beneficial ownership

3 terms

Rule 10b5-1 regulatory

"No Rule 10b5-1 trading plan is reported for this transaction"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

open market or private transaction financial

"Purchase in open market or private transaction at $21.16 per share"

beneficial ownership financial

"Shares reported as directly held reflect the insider’s beneficial ownership position"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did TH report for Troy C. Schrenk?

Troy C. Schrenk, Chief Commercial Officer, purchased 5,907 shares of Target Hospitality common stock on September 18, 2026 at $21.16 per share, increasing his direct holdings to 216,995 shares.

At what price were the TH shares purchased in this Form 4 filing?

The reported purchase price was $21.16 per share for the 5,907 shares of Target Hospitality common stock acquired on September 18, 2026.

How many TH shares does Troy C. Schrenk own after this transaction?

After the reported purchase, Troy C. Schrenk directly owns 216,995 shares of Target Hospitality common stock.

Was the TH insider trade made under a Rule 10b5-1 plan?

No. The filing indicates no Rule 10b5-1 trading plan is reported for this transaction.

What type of transaction is disclosed in this TH Form 4?

The filing reports a purchase in an open market or private transaction of 5,907 shares of Target Hospitality common stock by Chief Commercial Officer Troy C. Schrenk.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/18/2026 - 04:30 PM Accepted by SEC EDGAR 09/18/2026 - 04:30 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Schrenk Troy C.

(Last) (First) (Middle)

9320 LAKESIDE BLVD., STE 300

(Street)

THE WOODLANDS TEXAS 77381

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Target Hospitality Corp. [ TH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Commercial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.001 per share	09/18/2026		P		5,907	A	$21.16	216,995	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Heidi D. Lewis, as Attorney-in-Fact on behalf of Troy C. Schrenk	09/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)