Welcome to our dedicated page for Target Hospitality SEC filings (Ticker: TH), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Target Hospitality Corp. filings document the public-company record for a Nasdaq-listed provider of modular accommodations and hospitality services. Its 8-K reports disclose operating results, investor presentations, Regulation FD business updates, contract announcements and material corporate events connected to its workforce communities and service offerings.
TH filings also cover common stock registration and capital-structure matters, including prospectus supplements and underwriting agreements for secondary offerings by selling stockholders. Proxy materials describe annual meeting proposals, board composition, committee service, executive compensation and equity incentive matters, while governance-related 8-K filings record director appointments and amendments to performance stock unit arrangements under the company incentive plan.
Target Hospitality Corp. director Alejandro Hernandez reported equity compensation changes. On May 21, 2026, he exercised 16,061 Restricted Stock Units (RSUs), receiving the same number of common shares and ending that RSU award. Following the exercise, he directly holds 32,901 shares of common stock.
On the same date, he also received a new grant of 7,597 RSUs under the Target Hospitality Corp. 2019 Incentive Award Plan. These RSUs vest in full on May 21, 2027, or earlier if the next annual stockholders’ meeting occurs before that date.
Target Hospitality Corp. director Pamela H. Patenaude reported routine equity compensation activity. On May 21, 2026, she exercised 16,061 Restricted Stock Units into the same number of shares of common stock, reflecting the vesting of a prior equity award.
The filing also shows a new grant of 7,597 Restricted Stock Units, each representing a contingent right to receive one share of common stock or its cash equivalent. These new units vest in full on May 21, 2027, or earlier if the next annual stockholder meeting occurs before that date, and settled shares are generally delivered upon separation from the board.
After the transactions, Patenaude holds 69,375 shares of common stock directly, along with 7,597 unvested Restricted Stock Units. The activity involves no open-market buying or selling and reflects standard director compensation and vesting mechanics under Target Hospitality Corp.’s 2019 Incentive Award Plan.
Target Hospitality Corp. director Paul Hohnsbeen reported routine equity compensation activity. On May 21, 2026, he exercised 347 shares of previously granted Restricted Stock Units into the same number of common shares at a stated price of $0.0000 per share, leaving him with 347 common shares reported directly owned.
On the same date, he also received a new grant of 7,597 Restricted Stock Units, each representing a contingent right to receive one share of common stock or its cash equivalent upon vesting. According to the plan terms, these RSUs vest in full on May 21, 2027 or, if earlier, on the date of the next annual stockholder meeting.
Target Hospitality Corp. director Linda R. Medler reported equity compensation-related transactions. On May 21, 2026, she exercised 16,061 Restricted Stock Units (RSUs) into an equal number of shares of common stock, increasing her direct ownership to 62,885 common shares.
On the same date, she was granted 7,597 new RSUs, each representing a contingent right to receive one share of common stock or its cash equivalent. These RSUs vest in full on May 21, 2027, or earlier if the next annual stockholder meeting occurs before then, with delivery of vested shares generally deferred until separation of service from the board.
Target Hospitality Corp. director Martin L. Jimmerson reported routine equity compensation activity. On May 21, 2026, he exercised 16,061 Restricted Stock Units into an equal number of shares of Common Stock, bringing his direct Common Stock holdings to 172,465 shares after the transaction.
On the same date, he was granted 7,597 new Restricted Stock Units, each representing a contingent right to receive one share of Common Stock or its cash equivalent upon vesting. These new RSUs vest in full on May 21, 2027 or, if earlier, on the date of the next annual stockholder meeting, with delivery generally upon separation of service from the board.
Target Hospitality Corp. director Stephen Robertson reported equity compensation activity involving restricted stock units and common shares. On May 21, 2026, he exercised 20,950 restricted stock units into the same number of shares of common stock, leaving him with 752,397 common shares held directly.
On the same date, he received a new grant of 9,567 restricted stock units, each representing a contingent right to receive one share of common stock or its cash equivalent upon vesting and later delivery, generally tied to his service on the board.
Target Hospitality Corp. held its 2026 Annual Meeting of Stockholders, where all four management proposals were approved. Stockholders elected six directors, each receiving at least 97% of votes cast, with support ranging from 97.19% to 99.93% of shares voted.
They ratified Ernst & Young LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 95,036,992 votes for and 99.95% support. Stockholders also approved, on an advisory basis, executive compensation, with 76,833,468 votes for and 85.45% of votes cast in favor.
In addition, stockholders approved amendments to the 2019 Incentive Award Plan to increase the number of common shares authorized for issuance under the plan by 4,000,000 shares, bringing the total to 17,000,000 shares, with 93.12% support. On the same date, the company granted restricted stock units to each non-employee director under a form of award agreement filed as an exhibit.
Target Hospitality Corp. reported Q1 2026 revenue of $72.8 million and a net loss of $13.0 million, or $0.13 per share, compared with a $6.5 million loss a year earlier. Gross profit declined sharply as services, construction and specialty rental costs rose faster than revenue.
Operating cash flow improved to $7.0 million from $3.9 million, helped by lower interest after redeeming prior notes and better collections. The company drew $30 million on its asset-based revolver and invested heavily in specialty rental assets, with $39.4 million of net cash used in investing activities.
Growth is being driven by long-term contracts in the Workforce Hospitality Solutions segment, including West Texas Power (about $129 million minimum revenue), Pecos Power (about $23 million) and a North Texas Data Center Hub (about $550 million minimum plus potential variable fees). After quarter-end, it signed an additional AI infrastructure community contract expected to generate more than $750 million of revenue, with $200–$210 million of related capital spending, further expanding its multi-year backlog.
Target Hospitality reported first quarter 2026 revenue of $72.8 million, up modestly from $69.9 million a year earlier, but net loss widened to $13.0 million and Adjusted EBITDA fell to $9.9 million from $21.6 million as new projects ramped and a key government contract ended.
Since February 2025, the company has secured over $2.0 billion of multi-year contracts, including roughly $1.8 billion in its fast-growing Workforce Hospitality Solutions segment and a new $750 million AI Infrastructure Community contract. Management plans $330–$340 million of net committed WHS capital through 2027 and targets annualized revenue above $680 million and Adjusted EBITDA above $240 million exiting 2027, supported by strong demand from data center and power-generation projects.
Hohnsbeen Paul reported acquisition or exercise transactions in this Form 4 filing.
Target Hospitality Corp. director Paul Hohnsbeen received a grant of 347 Restricted Stock Units on May 5, 2026 as part of his compensation for joining the board. Each RSU represents a right to receive one share of common stock or its cash equivalent upon vesting.
The 347 RSUs vest in full on May 21, 2026 under the Target Hospitality Corp. 2019 Incentive Award Plan and the related award agreement. Following this grant, Hohnsbeen holds 347 RSUs directly, with no open-market purchases or sales reported in this filing.