Target Hospitality director buys 145K TH shares at $6.85

Target Hospitality Corp. (TH) director Stephen Robertson reported an open-market purchase of company stock.

Rhea-AI Filing Summary

Target Hospitality Corp. (TH) director Stephen Robertson reported an open-market purchase of company stock. On 11/17/2025, he bought 145,000 shares of common stock at a price of $6.85 per share. After this transaction, he beneficially owned 320,000 shares of Target Hospitality common stock, held directly. The filing was made on Form 4 by a single reporting person, reflecting his role as a director of the company.

Insider Trade Summary

Net Buyer: 145,000 shares

Net Buy 1 txn

Insider Robertson Stephen

Role Director

Bought 145,000 shs ($993K)

Type	Security	Shares	Price	Value
Purchase	Common Stock, par value $0.0001 per share	145,000	$6.85	$993K

Holdings After Transaction: Common Stock, par value $0.0001 per share — 320,000 shares (Direct)

FAQ

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

What insider transaction did Target Hospitality (TH) report?

Target Hospitality reported that director Stephen Robertson purchased 145,000 shares of its common stock in an open-market transaction.

On what date did Stephen Robertson buy Target Hospitality (TH) shares?

Stephen Robertson bought the Target Hospitality shares on 11/17/2025, as disclosed in the Form 4.

What price did Stephen Robertson pay per Target Hospitality (TH) share?

He paid $6.85 per share for the 145,000 Target Hospitality common shares.

How many Target Hospitality (TH) shares does Stephen Robertson own after the trade?

Following the reported transaction, Stephen Robertson beneficially owned 320,000 shares of Target Hospitality common stock, held directly.

What is Stephen Robertson’s relationship to Target Hospitality (TH)?

Stephen Robertson is listed as a director of Target Hospitality Corp. in the Form 4.

Was the Form 4 for Target Hospitality (TH) filed by more than one person?

No. The Form 4 was indicated as being filed by one reporting person, covering Stephen Robertson’s holdings.

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

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Accepted by SEC EDGAR 11/19/2025 - 04:30 PM EST 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^*

Robertson Stephen

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
11/17/2025

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	11/17/2025		P		145,000	A	$6.85	320,000	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 Stephen Robertson	11/19/2025
	** 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.