Target Hospitality (TH) CFO receives 43,353 RSUs and reports tax share withholding

Rhea-AI Filing Summary

Target Hospitality Corp. CFO Jason Paul Vlacich reported multiple equity transactions. He received a grant of 43,353 Restricted Stock Units on February 25, 2026, which vest in four equal annual installments beginning February 25, 2027. On February 24, 2026, 12,458 RSUs were exercised into the same number of common shares, and 3,033 common shares were withheld at a stock price of $6.67 per share to cover tax liabilities upon vesting. Following these transactions, his direct holdings of common stock were 130,196 shares, and his direct holdings of RSUs were 142,895 units, including prior unvested awards.

Insider Trade Summary

12,458 shares exercised/converted

Mixed 4 txns

Insider Vlacich Jason Paul

Role CFO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	43,353	$0.00	--
Exercise	Restricted Stock Units	12,458	$0.00	--
Exercise	Common Stock, par value $0.0001 per share	12,458	$0.00	--
Tax Withholding	Common Stock, par value $0.0001 per share	3,033	$6.67	$20K

Holdings After Transaction: Restricted Stock Units — 142,895 shares (Direct); Common Stock, par value $0.0001 per share — 133,229 shares (Direct)

Footnotes (1)

1. Each Restricted Stock Unit ("RSU") 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. Restricted stock units withheld for payment of tax liability upon vesting of 12,458 RSUs on February 24, 2026. Stock price reflects closing stock price as of February 24, 2026. On February 25, 2026, the Reporting Person was granted 43,353 RSUs which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning February 25, 2027, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan, as amended (the "Plan") and the RSU agreement entered into between the Issuer and the Reporting Person. Total includes, in addition to 43,353 RSUs granted on February 25, 2026, unvested RSUs from the following grants: 53,571 RSUs granted on February 27, 2025 which vest in four annual installments on each of the first four anniversaries of the grant date beginning on February 27, 2026; 39,557 RSUs granted on February 29, 2024 which vest in four annual installments on each of the first four anniversaries of the grant date beginning on March 1, 2025; and 7,692 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. Awards are subject to the terms of the respective RSU award agreements and subject to the Plan, as amended.

Form 4 Insider Transactions: What Each Field Means →

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

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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^*

Vlacich Jason Paul

(Last) (First) (Middle)

9320 LAKESIDE BLVD., STE 300

(Street)

THE WOODLANDS TX 77381

(City) (State) (Zip)

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)
	CFO

3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026

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

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

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

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 $0.0001 per share	02/24/2026		M		12,458	A	(1)	133,229	D
Common Stock, par value $0.0001 per share	02/24/2026		F		3,033	D	$6.67(2)	130,196	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
Restricted Stock Units	(1)	02/25/2026		A		43,353		(3)	(3)	Common Stock	43,353	$0	142,895(4)	D
Restricted Stock Units	(1)	02/24/2026		M			12,458	(4)	(4)	Common Stock	12,458	$0	130,437(4)	D

Explanation of Responses:

1. Each Restricted Stock Unit ("RSU") 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. Restricted stock units withheld for payment of tax liability upon vesting of 12,458 RSUs on February 24, 2026. Stock price reflects closing stock price as of February 24, 2026.

3. On February 25, 2026, the Reporting Person was granted 43,353 RSUs which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning February 25, 2027, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan, as amended (the "Plan") and the RSU agreement entered into between the Issuer and the Reporting Person.

4. Total includes, in addition to 43,353 RSUs granted on February 25, 2026, unvested RSUs from the following grants: 53,571 RSUs granted on February 27, 2025 which vest in four annual installments on each of the first four anniversaries of the grant date beginning on February 27, 2026; 39,557 RSUs granted on February 29, 2024 which vest in four annual installments on each of the first four anniversaries of the grant date beginning on March 1, 2025; and 7,692 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. Awards are subject to the terms of the respective RSU award agreements and subject to the Plan, as amended.

	/s/ Heidi D. Lewis, as Attorneu-in-Fact on behalf of Jason Vlacich	02/26/2026
	** Signature of Reporting Person	Date
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FAQ

What equity award did Target Hospitality (TH) CFO Jason Paul Vlacich receive?

Target Hospitality’s CFO Jason Paul Vlacich received 43,353 Restricted Stock Units on February 25, 2026. These RSUs vest in four equal annual installments starting February 25, 2027, under the company’s 2019 Incentive Award Plan and a related RSU agreement.

How do the new RSUs for Target Hospitality (TH) CFO vest over time?

The 43,353 RSUs granted to Target Hospitality’s CFO vest in four equal annual installments. Vesting begins on February 25, 2027, with additional installments on each of the first four anniversaries of the February 25, 2026 grant date, subject to plan and award terms.

What transactions occurred when Target Hospitality (TH) RSUs vested on February 24, 2026?

On February 24, 2026, 12,458 Restricted Stock Units vested and were converted into 12,458 shares of common stock. In connection with this vesting, 3,033 common shares were withheld at a stock price of $6.67 per share to satisfy tax liabilities.

How many Restricted Stock Units does the Target Hospitality (TH) CFO hold after these transactions?

After the reported transactions, the CFO directly holds 142,895 Restricted Stock Units. This total includes the 43,353 RSUs granted on February 25, 2026, plus unvested RSUs from prior grants made in 2025, 2024, and 2023 under the company’s incentive plan.

How many Target Hospitality (TH) common shares does the CFO own following the Form 4?

Following the transactions reported, the CFO directly holds 130,196 shares of Target Hospitality common stock. This reflects the conversion of 12,458 RSUs into common shares and the withholding of 3,033 shares for tax purposes related to the February 24, 2026 vesting.

Are the Target Hospitality (TH) CFO’s RSU awards subject to specific plan terms?

Yes, all reported RSU awards to the CFO are subject to the Target Hospitality Corp. 2019 Incentive Award Plan, as amended. They are also governed by individual RSU award agreements that set the detailed vesting schedules and other applicable conditions for each grant.