Target Hospitality (TH) awards 10,838 RSUs to accounting chief

Rhea-AI Filing Summary

Hahamski Cyril Jordanov reported acquisition or exercise transactions in this Form 4 filing.

Target Hospitality Corp. granted its Chief Accounting Officer, Hahamski Cyril Jordanov, 10,838 Restricted Stock Units (RSUs) on February 25, 2026. Each RSU represents a contingent right to receive one share of common stock or its cash equivalent upon vesting.

The award vests in four equal annual installments on each of the first four anniversaries of the grant date, beginning February 25, 2027. The grant was made under the company’s 2019 Incentive Award Plan and a related RSU agreement.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Hahamski Cyril Jordanov

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	10,838	$0.00	--

Holdings After Transaction: Restricted Stock Units — 10,838 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. On February 25, 2026, the Reporting Person was granted 10,838 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.

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^*

Hahamski Cyril Jordanov

(Last) (First) (Middle)

9320 LAKESIDE BLVD.

SUITE 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)
	Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026

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

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		10,838		(2)	(2)	Common Stock	10,838	$0	10,838	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. On February 25, 2026, the Reporting Person was granted 10,838 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.

	/s/ Heidi D. Lewis, as Attorney-in-Fact on behalf of Cyril J Hahamski	02/26/2026
	** 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.

FAQ

What insider transaction did Target Hospitality (TH) report for Hahamski Cyril Jordanov?

Target Hospitality reported a grant of 10,838 Restricted Stock Units to Chief Accounting Officer Hahamski Cyril Jordanov. These RSUs were awarded on February 25, 2026 under the company’s 2019 Incentive Award Plan and a specific RSU agreement between the company and the executive.

How many RSUs were granted in the latest Form 4 for Target Hospitality (TH)?

The Form 4 shows a grant of 10,838 Restricted Stock Units to the Chief Accounting Officer. Each RSU represents a contingent right to receive one share of Target Hospitality common stock, or its cash equivalent, once the vesting conditions outlined in the plan and agreement are satisfied.

What is the vesting schedule for the 10,838 RSUs at Target Hospitality (TH)?

The 10,838 RSUs vest in four equal annual installments starting February 25, 2027. Vesting occurs on each of the first four anniversaries of the February 25, 2026 grant date, subject to the terms of Target Hospitality’s 2019 Incentive Award Plan and the RSU agreement.

What does each RSU granted by Target Hospitality (TH) represent?

Each RSU represents a contingent right to receive one share of Target Hospitality common stock or its cash equivalent upon vesting. The actual delivery of shares or cash is governed by the company’s 2019 Incentive Award Plan and the RSU agreement with the reporting person.

Which Target Hospitality (TH) plan governs the RSU grant reported in this Form 4?

The RSU grant is governed by Target Hospitality’s 2019 Incentive Award Plan, as amended. The award is also subject to the specific RSU agreement entered into between the company and Chief Accounting Officer Hahamski Cyril Jordanov, which sets detailed terms and conditions.