TH

SEC source: 0001567619-20-007518 · doc1.xml · derivative · entry 1

SAGANSKY JEFFREY · CIK 0001207119 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,234

Underlying: Common Stock · 7,305 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit 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.

F2 · derivative.exercise_date: On April 1, 2020, the Compensation Committee approved the Director Retainer Reduction Equity Award Program (the "Retainer Program"). On April 1, 2020 as contemplated by the Retainer Program, the Reporting Person was granted 7,305 restricted stock units ("RSUs") pursuant to the Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan"). The RSUs will ratably vest on June 30, September 30 and December 31, 2020.

F2 · derivative.expiration_date: On April 1, 2020, the Compensation Committee approved the Director Retainer Reduction Equity Award Program (the "Retainer Program"). On April 1, 2020 as contemplated by the Retainer Program, the Reporting Person was granted 7,305 restricted stock units ("RSUs") pursuant to the Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan"). The RSUs will ratably vest on June 30, September 30 and December 31, 2020.

F3 · balance_after: In addition to the 7,305 RSUs granted on April 1, 2020, total includes 10,929 RSUs granted on May 21, 2019 that vest in full on the first anniversary of the grant date or, if earlier, the date of the first annual meeting of the stockholders of the Issuer following the grant date, subject to the terms and conditions of the Plan and the Restricted Stock Unit Agreement.

SEC source: 0001567619-20-007537 · doc1.xml · derivative · entry 1

Kalamaras Eric · CIK 0001472318 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 153,522

Underlying: Common Stock · 40,422 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit 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.

F2 · derivative.exercise_date: On April 1, 2020, the Compensation Committee approved the salary reduction equity award program (the "Salary Program"). On April 1, 2020 as contemplated by the Salary Program, the Reporting Person was granted 40,422 restricted stock units ("RSUs") pursuant to the Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan"). The RSUs will ratably vest on the first of every month (with the exception of April, which will be April 15) through December 2020.

F2 · derivative.expiration_date: On April 1, 2020, the Compensation Committee approved the salary reduction equity award program (the "Salary Program"). On April 1, 2020 as contemplated by the Salary Program, the Reporting Person was granted 40,422 restricted stock units ("RSUs") pursuant to the Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan"). The RSUs will ratably vest on the first of every month (with the exception of April, which will be April 15) through December 2020.

F3 · balance_after: Total includes in addition of the grant of 40,422 RSUs on April 1, 2020, 48,860 restricted stock units granted on September 3, 2019 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on September 3, 2020, subject to the terms and conditions of the Plan and the Restricted Stock Unit Award Agreement and 64,240 RSUs granted on March 4, 2020 which vest in four equal installments on each of the first four anniversaries of the grant date beginning on March 4, 2021, subject to the terms of the Plan and RSU award agreement.

SEC source: 0001567619-20-007522 · doc1.xml · derivative · entry 1

Jimmerson Martin L. · CIK 0001506689 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,234

Underlying: Common Stock · 7,305 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit 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.

F2 · derivative.exercise_date: On April 1, 2020, the Compensation Committee approved the Director Retainer Reduction Equity Award Program (the "Retainer Program"). On April 1, 2020 as contemplated by the Retainer Program, the Reporting Person was granted 7,305 restricted stock units ("RSUs") pursuant to the Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan"). The RSUs will ratably vest on June 30, September 30 and December 31, 2020.

F2 · derivative.expiration_date: On April 1, 2020, the Compensation Committee approved the Director Retainer Reduction Equity Award Program (the "Retainer Program"). On April 1, 2020 as contemplated by the Retainer Program, the Reporting Person was granted 7,305 restricted stock units ("RSUs") pursuant to the Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan"). The RSUs will ratably vest on June 30, September 30 and December 31, 2020.

F3 · balance_after: In addition to the 7,305 RSUs granted on April 1, 2020, total includes 10,929 RSUs granted on May 21, 2019 that vest in full on the first anniversary of the grant date or, if earlier, the date of the first annual meeting of the stockholders of the Issuer following the grant date, subject to the terms and conditions of the Plan and the Restricted Stock Unit Agreement.

SEC source: 0001567619-20-007516 · doc1.xml · derivative · entry 1

Baker Eli · CIK 0001615015 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,234

Underlying: Common Stock · 7,305 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit 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.

F2 · derivative.exercise_date: On April 1, 2020, the Compensation Committee approved the Director Retainer Reduction Equity Award Program (the "Retainer Program"). On April 1, 2020 as contemplated by the Retainer Program, the Reporting Person was granted 7,305 restricted stock units ("RSUs") pursuant to the Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan"). The RSUs will ratably vest on June 30, September 30 and December 31, 2020.

F2 · derivative.expiration_date: On April 1, 2020, the Compensation Committee approved the Director Retainer Reduction Equity Award Program (the "Retainer Program"). On April 1, 2020 as contemplated by the Retainer Program, the Reporting Person was granted 7,305 restricted stock units ("RSUs") pursuant to the Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan"). The RSUs will ratably vest on June 30, September 30 and December 31, 2020.

F3 · balance_after: In addition to the 7,305 RSUs granted on April 1, 2020, total includes 10,929 RSUs granted on May 21, 2019 that vest in full on the first anniversary of the grant date or, if earlier, the date of the first annual meeting of the stockholders of the Issuer following the grant date, subject to the terms and conditions of the Plan and the Restricted Stock Unit Agreement.

SEC source: 0001104659-20-043270 · a4.xml · derivative · entry 1

TDR Capital II Investments LP · CIK 0001771172 · 10% owner

Arrow Holdings S.a.r.l. · CIK 0001767017 · 10% owner

Algeco Holding S.a.r.l. · CIK 0001766820 · 10% owner

Algeco Limited Partnership SLP · CIK 0001765696 · 10% owner

Algeco Global S.a.r.l. · CIK 0001766340 · 10% owner

Algeco Investments 1 S.a.r.l. · CIK 0001765698 · 10% owner

Algeco Investments 2 S.a.r.l. · CIK 0001765697 · 10% owner

Algeco Investments 3 S.a.r.l. · CIK 0001771173 · 10% owner

Algeco Investments B.V. · CIK 0001770229 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · By Arrow Holdings S.a r.l.

Disclosed balance after: 69,907

Underlying: Common Stock · 31,656 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit 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.

F1 · kind: Each restricted stock unit 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.

F2 · shares: On April 1, 2020, the Compensation Committee of the Issuer approved the Director Retainer Reduction Equity Award Program (the "Retainer Program"). On April 1, 2020 as contemplated by the Retainer Program, Stephen Robertson was granted 24,351 restricted stock units ("RSUs") and Gary Lindsay was granted 7,305 RSUs pursuant to the Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan"). The RSUs will ratably vest on June 30, September 30 and December 31, 2020. Immediately following the grant of RSUs, each of Mr. Robertson and Mr. Lindsay transferred the RSUs to Arrow Holding S.a r.l ("Arrow") which holds certain securities of Target Hospitality Corp. on behalf of TDR Capital II Holdings LP, the investment fund managed by TDR Capital LLP.

F2 · price: On April 1, 2020, the Compensation Committee of the Issuer approved the Director Retainer Reduction Equity Award Program (the "Retainer Program"). On April 1, 2020 as contemplated by the Retainer Program, Stephen Robertson was granted 24,351 restricted stock units ("RSUs") and Gary Lindsay was granted 7,305 RSUs pursuant to the Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan"). The RSUs will ratably vest on June 30, September 30 and December 31, 2020. Immediately following the grant of RSUs, each of Mr. Robertson and Mr. Lindsay transferred the RSUs to Arrow Holding S.a r.l ("Arrow") which holds certain securities of Target Hospitality Corp. on behalf of TDR Capital II Holdings LP, the investment fund managed by TDR Capital LLP.

F2 · derivative.exercise_date: On April 1, 2020, the Compensation Committee of the Issuer approved the Director Retainer Reduction Equity Award Program (the "Retainer Program"). On April 1, 2020 as contemplated by the Retainer Program, Stephen Robertson was granted 24,351 restricted stock units ("RSUs") and Gary Lindsay was granted 7,305 RSUs pursuant to the Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan"). The RSUs will ratably vest on June 30, September 30 and December 31, 2020. Immediately following the grant of RSUs, each of Mr. Robertson and Mr. Lindsay transferred the RSUs to Arrow Holding S.a r.l ("Arrow") which holds certain securities of Target Hospitality Corp. on behalf of TDR Capital II Holdings LP, the investment fund managed by TDR Capital LLP.

F2 · derivative.expiration_date: On April 1, 2020, the Compensation Committee of the Issuer approved the Director Retainer Reduction Equity Award Program (the "Retainer Program"). On April 1, 2020 as contemplated by the Retainer Program, Stephen Robertson was granted 24,351 restricted stock units ("RSUs") and Gary Lindsay was granted 7,305 RSUs pursuant to the Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan"). The RSUs will ratably vest on June 30, September 30 and December 31, 2020. Immediately following the grant of RSUs, each of Mr. Robertson and Mr. Lindsay transferred the RSUs to Arrow Holding S.a r.l ("Arrow") which holds certain securities of Target Hospitality Corp. on behalf of TDR Capital II Holdings LP, the investment fund managed by TDR Capital LLP.

F3 · ownership.direct: As the controlling shareholder of Arrow, TDR Capital II Investments LP, may be deemed the beneficial owner of the securities of the Issuer held by Arrow.

F4 · ownership.direct: Algeco Holdings is the controlling shareholder of Algeco Limited Partnership SLP ("Algeco SLP"), which is the controlling shareholder of Algeco Global S.a r.l. ("Algeco Global") which is the controlling shareholder of Algeco Investments 1 S.a r.l. (Lux) ("Algeco Investments 1"), which is the sole shareholder of Algeco Investments 2 S.a r.l. (Lux) ("Algeco Investments 2"), which is the sole shareholder of Algeco Investments 3 S.a r.l. (Lux) ("Algeco Investments 3" and together with Algeco Holdings, Algeco Global, Algeco SLP, Algeco Investments 1 and Algeco Investments 2, the "Algeco Entities").

F5 · ownership.direct: Algeco Investments 3 holds 40% of the share capital of Algeco Investments B.V. ("Algeco"), and Algeco Investments 2 holds the remaining 60%.

F6 · ownership.direct: TDR Capital II Investments LP, as the controlling shareholder of Algeco Holdings may be deemed the beneficial owner of the securities of the Issuer held by Algeco. As manager of TDR Capital II Investments LP, TDR Capital LLP may be deemed the beneficial owner of such securities of the Issuer held by Arrow and Algeco. As founding partners of TDR Capital LLP, Stephen Robertson and Manjit Dale may be deemed the beneficial owners of such securities of the Issuer held by Arrow and Algeco.

F7 · ownership.direct: Each of TDR Capital II Investments LP, TDR Capital LLP, Stephen Robertson and Manjit Dale (the "TDR Persons") may be deemed to be the beneficial owner of all or a portion of the securities reported herein. Each of the TDR Persons disclaims beneficial ownership of the securities of the Issuer, except to the extent of its or his pecuniary interest therein. The filing of this report shall not be deemed an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or otherwise, the TDR Persons are the beneficial owners of any of the securities reported herein.

SEC source: 0001567619-20-007528 · doc1.xml · derivative · entry 1

Schrenk Troy C. · CIK 0001763047 · Chief Commercial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 73,213

Underlying: Common Stock · 19,481 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit 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.

F2 · derivative.exercise_date: On April 1, 2020, the Compensation Committee approved the salary reduction equity award program (the "Salary Program"). On April 1, 2020 as contemplated by the Salary Program, the Reporting Person was granted 19,481 RSUs pursuant to the Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan"). The RSUs will ratably vest on the first of every month (with the exception of April, which will be April 15) through December 2020.

F2 · derivative.expiration_date: On April 1, 2020, the Compensation Committee approved the salary reduction equity award program (the "Salary Program"). On April 1, 2020 as contemplated by the Salary Program, the Reporting Person was granted 19,481 RSUs pursuant to the Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan"). The RSUs will ratably vest on the first of every month (with the exception of April, which will be April 15) through December 2020.

F3 · balance_after: Total includes in addition of the grant of 19,481 RSUs on April 1, 2020, 32,318 restricted stock units granted on May 21, 2019 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on May 21, 2020, subject to the terms and conditions of the Plan and the Restricted Stock Unit Award Agreement and 21,414 RSUs granted on March 4, 2020 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on March 4, 2021, subject to the terms of the Plan and RSU Agreement.

SEC source: 0001567619-20-007524 · doc1.xml · derivative · entry 3

Archer James B. · CIK 0001763054 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 236,395

Underlying: Common Stock · 10,395 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit 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.

F3 · derivative.exercise_date: On May 21, 2019, the Reporting Person was granted 46,169 RSUs which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on May 21, 2020 subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan") and the Restricted Stock Unit Award Agreement. In addition, on January 2, 2020, the Compensation Committee approved Mr. Archer's election to receive his annual base salary for Calendar Year 2020 in the form of 124,741 RSUs, pursuant to the employment agreement entered into by and between Mr. Archer and the Company on January 29, 2019, which will vest ratably on the first of every month through December 2020. Further, total includes 107,067 RSUs granted on March 4, 2020 which vest in four equal annual installments beginning on March 2, 2021.

F3 · derivative.expiration_date: On May 21, 2019, the Reporting Person was granted 46,169 RSUs which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on May 21, 2020 subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan") and the Restricted Stock Unit Award Agreement. In addition, on January 2, 2020, the Compensation Committee approved Mr. Archer's election to receive his annual base salary for Calendar Year 2020 in the form of 124,741 RSUs, pursuant to the employment agreement entered into by and between Mr. Archer and the Company on January 29, 2019, which will vest ratably on the first of every month through December 2020. Further, total includes 107,067 RSUs granted on March 4, 2020 which vest in four equal annual installments beginning on March 2, 2021.

F3 · balance_after: On May 21, 2019, the Reporting Person was granted 46,169 RSUs which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on May 21, 2020 subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan") and the Restricted Stock Unit Award Agreement. In addition, on January 2, 2020, the Compensation Committee approved Mr. Archer's election to receive his annual base salary for Calendar Year 2020 in the form of 124,741 RSUs, pursuant to the employment agreement entered into by and between Mr. Archer and the Company on January 29, 2019, which will vest ratably on the first of every month through December 2020. Further, total includes 107,067 RSUs granted on March 4, 2020 which vest in four equal annual installments beginning on March 2, 2021.

SEC source: 0001567619-20-007524 · doc1.xml · nonDerivative · entry 2

Archer James B. · CIK 0001763054 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,114,554

F2 · shares: Restricted stock units withheld for payment of tax liability upon vesting of 10,395 restricted stock units. Stock price reflects closing stock price as of Wednesday, April 1, 2020.

F2 · price: Restricted stock units withheld for payment of tax liability upon vesting of 10,395 restricted stock units. Stock price reflects closing stock price as of Wednesday, April 1, 2020.

SEC source: 0001567619-20-007524 · doc1.xml · nonDerivative · entry 1

Archer James B. · CIK 0001763054 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,118,031

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit 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.

SEC source: 0001567619-20-007513 · doc1.xml · derivative · entry 2

Lindsay Gary · CIK 0001723793 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 7,305 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit 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.

F3 · kind: Immediately following the grant of the restricted stock units, Mr. Lindsay transferred the restricted stock units to Arrow Holdings S.a r.l ("Arrow"), which holds certain securities of Target Hospitality Corp. on behalf of TDR Capital II Holdings LP, the investment fund managed by TDR Capital LLP. Upon transfer to Arrow, the restricted stock units will vest in accordance with the same terms and conditions of the initial grant.

F2 · derivative.exercise_date: On April 1, 2020, the Compensation Committee approved the Director Retainer Reduction Equity Award Program (the "Retainer Program"). On April 1, 2020 as contemplated by the Retainer Program, the Reporting Person was granted 7,305 restricted stock units ("RSUs") pursuant to the Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan"). The RSUs will ratably vest on June 30, September 30 and December 31, 2020.

F2 · derivative.expiration_date: On April 1, 2020, the Compensation Committee approved the Director Retainer Reduction Equity Award Program (the "Retainer Program"). On April 1, 2020 as contemplated by the Retainer Program, the Reporting Person was granted 7,305 restricted stock units ("RSUs") pursuant to the Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan"). The RSUs will ratably vest on June 30, September 30 and December 31, 2020.

SEC source: 0001567619-20-007513 · doc1.xml · derivative · entry 1

Lindsay Gary · CIK 0001723793 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,305

Underlying: Common Stock · 7,305 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit 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.

F2 · derivative.exercise_date: On April 1, 2020, the Compensation Committee approved the Director Retainer Reduction Equity Award Program (the "Retainer Program"). On April 1, 2020 as contemplated by the Retainer Program, the Reporting Person was granted 7,305 restricted stock units ("RSUs") pursuant to the Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan"). The RSUs will ratably vest on June 30, September 30 and December 31, 2020.

F2 · derivative.expiration_date: On April 1, 2020, the Compensation Committee approved the Director Retainer Reduction Equity Award Program (the "Retainer Program"). On April 1, 2020 as contemplated by the Retainer Program, the Reporting Person was granted 7,305 restricted stock units ("RSUs") pursuant to the Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan"). The RSUs will ratably vest on June 30, September 30 and December 31, 2020.

SEC source: 0001567619-20-006582 · doc1.xml · nonDerivative · entry 1

STUDDERT ANDREW P · CIK 0001053465 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 115,653

F1 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.60 to $1.68, inclusive. The reporting person undertakes to provide Target Hospitality Corp., any security holder of Target Hospitality Corp., or the Staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1) to this Form 4.

SEC source: 0001567619-20-006583 · doc1.xml · derivative · entry 3

Kalamaras Eric · CIK 0001472318 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 113,100

Underlying: Common Stock · 81,434 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit 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.

F3 · derivative.exercise_date: On March 4, 2020, the Reporting Person was granted 64,240 RSUs which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on March 4 ,2021, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan") and the Restricted Stock Unit Award Agreement entered into between Issuer and the Reporting Person. In addition, 48,860 restricted stock units were granted on September 3, 2019 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on September 3, 2020, subject to the terms and conditions of the Plan and the Restricted Stock Unit Award Agreement entered into between the Issuer and the Reporting Person.

F3 · derivative.expiration_date: On March 4, 2020, the Reporting Person was granted 64,240 RSUs which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on March 4 ,2021, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan") and the Restricted Stock Unit Award Agreement entered into between Issuer and the Reporting Person. In addition, 48,860 restricted stock units were granted on September 3, 2019 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on September 3, 2020, subject to the terms and conditions of the Plan and the Restricted Stock Unit Award Agreement entered into between the Issuer and the Reporting Person.

F3 · balance_after: On March 4, 2020, the Reporting Person was granted 64,240 RSUs which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on March 4 ,2021, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan") and the Restricted Stock Unit Award Agreement entered into between Issuer and the Reporting Person. In addition, 48,860 restricted stock units were granted on September 3, 2019 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on September 3, 2020, subject to the terms and conditions of the Plan and the Restricted Stock Unit Award Agreement entered into between the Issuer and the Reporting Person.

SEC source: 0001567619-20-006583 · doc1.xml · nonDerivative · entry 2

Kalamaras Eric · CIK 0001472318 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 97,345

F2 · price: Restricted stock units withheld for payment of tax liability upon vesting of 81,434 restricted stock units. Stock price reflects closing stock price as of Friday, March 13, 2020 as vesting occurred on Sunday, March 15, 2020.

SEC source: 0001567619-20-006583 · doc1.xml · nonDerivative · entry 1

Kalamaras Eric · CIK 0001472318 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 117,174

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit 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.

SEC source: 0001567619-20-005829 · doc1.xml · derivative · entry 2

Lewis Heidi Diane · CIK 0001765471 · EVP, General Counsel & Sec

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 79,365

Underlying: Common Stock · 79,365 shares

Expires 2030-03-04

F4 · derivative.exercise_date: The stock options (the "Options"), reported on this Form 4, represent the right upon vesting to buy shares of Common Stock pursuant to the terms and conditions of the Plan and the Nonqualified Stock Option Award Agreement entered into between the Issuer and the Reporting Person as of March 4, 2020 (the "Option Award Agreement"). The Options vest in equal installments on each of the first four anniversaries of the grant date beginning on March 4, 2021, subject to the terms and conditions of the Plan and Option Award Agreement.

SEC source: 0001567619-20-005829 · doc1.xml · derivative · entry 1

Lewis Heidi Diane · CIK 0001765471 · EVP, General Counsel & Sec

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 30,648

Underlying: Common Stock · 21,414 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit 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.

F2 · derivative.exercise_date: On March 4, 2020, the Reporting Person was granted by the Compensation Committee 21,414 RSUs which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on March 4, 2021, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan") and the Restricted Stock Unit Award Agreement entered into between Issuer and the Reporting Person.

F2 · derivative.expiration_date: On March 4, 2020, the Reporting Person was granted by the Compensation Committee 21,414 RSUs which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on March 4, 2021, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan") and the Restricted Stock Unit Award Agreement entered into between Issuer and the Reporting Person.

F3 · balance_after: Total includes, in addition of the grant of 21,414 RSUs on March 4, 2020, 9,234 restricted stock units granted on May 21, 2019 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on May 21, 2020, subject to the terms and conditions of the Plan and the Restricted Stock Unit Award Agreement entered into between the Issuer and the Reporting Person.

SEC source: 0001567619-20-005832 · doc1.xml · derivative · entry 2

Vlacich Jason Paul · CIK 0001763039 · Chief Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 79,365

Underlying: Common Stock · 79,365 shares

Expires 2030-03-04

F4 · derivative.exercise_date: The stock options (the "Options"), reported on this Form 4, represent the right upon vesting to buy shares of Common Stock pursuant to the terms and conditions of the Plan and the Nonqualified Stock Option Award Agreement entered into between the Issuer and the Reporting Person as of March 4, 2020 (the "Option Award Agreement"). The Options vest in equal installments on each of the first four anniversaries of the grant date beginning on March 4, 2021, subject to the terms and conditions of the Plan and Option Award Agreement.

SEC source: 0001567619-20-005832 · doc1.xml · derivative · entry 1

Vlacich Jason Paul · CIK 0001763039 · Chief Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 30,648

Underlying: Common Stock · 21,414 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit 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.

F2 · derivative.exercise_date: On March 4, 2020, the Reporting Person was granted by the Compensation Committee 21,414 RSUs which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on March 4, 2021, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan") and the Restricted Stock Unit Award Agreement entered into between Issuer and the Reporting Person.

F2 · derivative.expiration_date: On March 4, 2020, the Reporting Person was granted by the Compensation Committee 21,414 RSUs which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on March 4, 2021, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan") and the Restricted Stock Unit Award Agreement entered into between Issuer and the Reporting Person.

F3 · balance_after: Total includes, in addition of the grant of 21,414 RSUs on March 4, 2020, 9,234 restricted stock units granted on May 21, 2019 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on May 21, 2020, subject to the terms and conditions of the Plan and the Restricted Stock Unit Award Agreement entered into between the Issuer and the Reporting Person.

SEC source: 0001567619-20-005820 · doc1.xml · derivative · entry 2

Kalamaras Eric · CIK 0001472318 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 238,096

Underlying: Common Stock · 238,096 shares

Expires 2030-03-04

F4 · derivative.exercise_date: The stock options (the "Options"), reported on this Form 4, represent the right upon vesting to buy shares of Common Stock pursuant to the terms and conditions of the Plan and the Nonqualified Stock Option Award Agreement entered into between the Issuer and the Reporting Person as of September 3, 2019 (the "Option Award Agreement"). The Options vest in equal installments on each of the first four anniversaries of the grant date beginning on March 4, 2021.

SEC source: 0001567619-20-005820 · doc1.xml · derivative · entry 1

Kalamaras Eric · CIK 0001472318 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 194,534

Underlying: Common Stock · 64,240 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit 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.

F2 · derivative.exercise_date: On March 4, 2020, the Reporting Person was granted by the Compensation Committee 64,240 RSUs which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on March 4, 2021, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan") and the Restricted Stock Unit Award Agreement entered into between Issuer and the Reporting Person.

F2 · derivative.expiration_date: On March 4, 2020, the Reporting Person was granted by the Compensation Committee 64,240 RSUs which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on March 4, 2021, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan") and the Restricted Stock Unit Award Agreement entered into between Issuer and the Reporting Person.

F3 · balance_after: Total includes in addition of the grant of 64,240 RSUs on March 4, 2020, 48,860 restricted stock units granted on September 3, 2019 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on September 3, 2020, subject to the terms and conditions of the Plan and the Restricted Stock Unit Award Agreement entered into between the Issuer and the Reporting Person, and a legacy retention buyout award of 81,434 restricted stock units pursuant to the employment agreement entered into by and between Mr. Kalamaras and the Company on August 12, 2019, which will vest March 15, 2020.

SEC source: 0001567619-20-005824 · doc1.xml · derivative · entry 2

Schrenk Troy C. · CIK 0001763047 · Chief Commercial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 79,365

Underlying: Common Stock · 79,365 shares

Expires 2030-03-04

F4 · derivative.exercise_date: The stock options (the "Options"), reported on this Form 4, represent the right upon vesting to buy shares of Common Stock pursuant to the terms and conditions of the Plan and the Nonqualified Stock Option Award Agreement entered into between the Issuer and the Reporting Person as of March 4, 2020 (the "Option Award Agreement"). The Options vest in equal installments on each of the first four anniversaries of the grant date beginning on March 4, 2021, subject to the terms and conditions of the Plan and Option Award Agreement.

SEC source: 0001567619-20-005824 · doc1.xml · derivative · entry 1

Schrenk Troy C. · CIK 0001763047 · Chief Commercial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 53,732

Underlying: Common Stock · 21,414 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit 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.

F2 · derivative.exercise_date: On March 4, 2020, the Reporting Person was granted by the Compensation Committee 21,414 RSUs which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on March 4, 2021, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan") and the Restricted Stock Unit Award Agreement entered into between Issuer and the Reporting Person.

F2 · derivative.expiration_date: On March 4, 2020, the Reporting Person was granted by the Compensation Committee 21,414 RSUs which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on March 4, 2021, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan") and the Restricted Stock Unit Award Agreement entered into between Issuer and the Reporting Person.

F3 · balance_after: Total includes in addition of the grant of 21,414 RSUs on March 4, 2020, 32,318 restricted stock units granted on May 21, 2019 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on May 21, 2020, subject to the terms and conditions of the Plan and the Restricted Stock Unit Award Agreement entered into between the Issuer and the Reporting Person.

SEC source: 0001567619-20-005816 · doc1.xml · derivative · entry 2

Archer James B. · CIK 0001763054 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 396,826

Underlying: Common Stock · 396,826 shares

Expires 2030-03-04

F4 · derivative.exercise_date: The stock options (the "Options"), reported on this Form 4, represent the right upon vesting to buy shares of Common Stock pursuant to the terms and conditions of the Plan and the Nonqualified Stock Option Award Agreement entered into between the Issuer and the Reporting Person as of March 4, 2020 (the "Option Award Agreement"). The Options vest in equal installments on each of the first four anniversaries of the grant date beginning on March 4, 2021, subject to the terms and conditions of the Plan and Option Award Agreement.

SEC source: 0001567619-20-005816 · doc1.xml · derivative · entry 1

Archer James B. · CIK 0001763054 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 246,790

Underlying: Common Stock · 107,067 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit 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.

F2 · derivative.exercise_date: On March 4, 2020, the Reporting Person was granted by the Compensation Committee 107,067 restricted stock units which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on March 4, 2021, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan") and the Restricted Stock Unit Award Agreement entered into between Issuer and the Reporting Person.

F2 · derivative.expiration_date: On March 4, 2020, the Reporting Person was granted by the Compensation Committee 107,067 restricted stock units which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on March 4, 2021, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan") and the Restricted Stock Unit Award Agreement entered into between Issuer and the Reporting Person.

F3 · balance_after: Total includes in addition to the grant of 107,067 RSUs on March 4, 2020, 46,169 restricted stock units granted on May 21, 2019 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on May 21, 2020, subject to the terms and conditions of the Plan and the Restricted Stock Unit Award Agreement entered into between the Issuer and the Reporting Person, and the RSU award granted by the Compensation Committee on January 2, 2020 to effectuate Mr. Archer's election to receive his annual base salary prorated for Calendar Year 2020 in the form of 124,741 RSUs, pursuant to the employment agreement entered into by and between Mr. Archer and the Company on January 29, 2019, which will vest in 12 equal installments on the first of each month, beginning January 2020.

SEC source: 0001567619-20-005379 · doc1.xml · derivative · entry 3

Archer James B. · CIK 0001763054 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 139,723

Underlying: Common Stock · 10,395 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit 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.

F3 · derivative.exercise_date: On May 21, 2019, the Reporting Person was granted 46,169 restricted stock units which vest in four equal annual installments on each of the first four anniversaries of the grant date, on May 21, 2020, 2021, 2022, and 2023, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan") and the Restricted Stock Unit Award Agreement entered into between the Issuer and the Reporting Person. In addition, on January 2, 2020, the Compensation Committee approved Mr. Archer's election to receive his annual base salary for Calendar Year 2020 in the form of 124,741 RSUs, pursuant to the employment agreement entered into by and between Mr. Archer and the Company on January 29, 2019, which will vest in 12 equal installments provided that (a) 1/12 of the RSU Award shall become vested on January 9, 2020, and (b) 1/12 of the RSU Award shall become vested on the first day of each subsequent calendar month.

F3 · derivative.expiration_date: On May 21, 2019, the Reporting Person was granted 46,169 restricted stock units which vest in four equal annual installments on each of the first four anniversaries of the grant date, on May 21, 2020, 2021, 2022, and 2023, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan") and the Restricted Stock Unit Award Agreement entered into between the Issuer and the Reporting Person. In addition, on January 2, 2020, the Compensation Committee approved Mr. Archer's election to receive his annual base salary for Calendar Year 2020 in the form of 124,741 RSUs, pursuant to the employment agreement entered into by and between Mr. Archer and the Company on January 29, 2019, which will vest in 12 equal installments provided that (a) 1/12 of the RSU Award shall become vested on January 9, 2020, and (b) 1/12 of the RSU Award shall become vested on the first day of each subsequent calendar month.

SEC source: 0001567619-20-005379 · doc1.xml · nonDerivative · entry 2

Archer James B. · CIK 0001763054 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,107,636

F2 · shares: Restricted stock units withheld for payment of tax liability upon vesting of 10,395 restricted stock units. Stock price reflects closing stock price as of Friday, February 28, 2020, as vesting occurred on Sunday, March 1, 2020.

F2 · price: Restricted stock units withheld for payment of tax liability upon vesting of 10,395 restricted stock units. Stock price reflects closing stock price as of Friday, February 28, 2020, as vesting occurred on Sunday, March 1, 2020.

SEC source: 0001567619-20-005379 · doc1.xml · nonDerivative · entry 1

Archer James B. · CIK 0001763054 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,110,433

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit 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.

SEC source: 0001567619-20-002126 · doc1.xml · derivative · entry 3

Archer James B. · CIK 0001763054 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 150,118

Underlying: Common Stock · 10,396 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit 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.

F3 · derivative.exercise_date: On May 21, 2019, the Reporting Person was granted 46,169 restricted stock units which vest in four equal annual installments on each of the first four anniversaries of the grant date, on May 21, 2020, 2021, 2022, and 2023, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan") and the Restricted Stock Unit Award Agreement entered into between the Issuer and the Reporting Person. In addition, on January 2, 2020, the Compensation Committee approved Mr. Archer's election to receive his annual base salary for Calendar Year 2020 in the form of 124,741 RSUs, pursuant to the employment agreement entered into by and between Mr. Archer and the Company on January 29, 2019, which will vest in 12 equal installments provided that (a) 1/12 of the RSU Award shall become vested on January 9, 2020, and (b) 1/12 of the RSU Award shall become vested on the first day of each subsequent calendar month.

F3 · derivative.expiration_date: On May 21, 2019, the Reporting Person was granted 46,169 restricted stock units which vest in four equal annual installments on each of the first four anniversaries of the grant date, on May 21, 2020, 2021, 2022, and 2023, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan") and the Restricted Stock Unit Award Agreement entered into between the Issuer and the Reporting Person. In addition, on January 2, 2020, the Compensation Committee approved Mr. Archer's election to receive his annual base salary for Calendar Year 2020 in the form of 124,741 RSUs, pursuant to the employment agreement entered into by and between Mr. Archer and the Company on January 29, 2019, which will vest in 12 equal installments provided that (a) 1/12 of the RSU Award shall become vested on January 9, 2020, and (b) 1/12 of the RSU Award shall become vested on the first day of each subsequent calendar month.

SEC source: 0001567619-20-002126 · doc1.xml · nonDerivative · entry 2

Archer James B. · CIK 0001763054 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,100,038

F2 · shares: Restricted stock units withheld for payment of tax liability upon vesting of 10,396 restricted stock units. Stock price reflects closing stock price as of Friday, January 31, 2020, as vesting occurred on Saturday, February 1, 2020.

F2 · price: Restricted stock units withheld for payment of tax liability upon vesting of 10,396 restricted stock units. Stock price reflects closing stock price as of Friday, January 31, 2020, as vesting occurred on Saturday, February 1, 2020.

SEC source: 0001567619-20-002126 · doc1.xml · nonDerivative · entry 1

Archer James B. · CIK 0001763054 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,103,120

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit 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.

SEC source: 0001567619-20-000938 · doc1.xml · derivative · entry 3

Archer James B. · CIK 0001763054 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 160,514

Underlying: Common Stock · 10,396 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit 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.

F3 · derivative.exercise_date: On May 21, 2019, the Reporting Person was granted 46,169 restricted stock units which vest in four equal annual installments on each of the first four anniversaries of the grant date, on May 21, 2020, 2021, 2022, and 2023, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan") and the Restricted Stock Unit Award Agreement entered into between the Issuer and the Reporting Person. In addition, on January 2, 2020, the Compensation Committee approved Mr. Archer's election to receive his annual base salary for Calendar Year 2020 in the form of 124,741 RSUs, pursuant to the employment agreement entered into by and between Mr. Archer and the Company on January 29, 2019, which will vest in 12 equal installments provided that (a) 1/12 of the RSU Award shall become vested on January 9, 2020, and (b) 1/12 of the RSU Award shall become vested on the first day of each subsequent calendar month.

F3 · derivative.expiration_date: On May 21, 2019, the Reporting Person was granted 46,169 restricted stock units which vest in four equal annual installments on each of the first four anniversaries of the grant date, on May 21, 2020, 2021, 2022, and 2023, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan") and the Restricted Stock Unit Award Agreement entered into between the Issuer and the Reporting Person. In addition, on January 2, 2020, the Compensation Committee approved Mr. Archer's election to receive his annual base salary for Calendar Year 2020 in the form of 124,741 RSUs, pursuant to the employment agreement entered into by and between Mr. Archer and the Company on January 29, 2019, which will vest in 12 equal installments provided that (a) 1/12 of the RSU Award shall become vested on January 9, 2020, and (b) 1/12 of the RSU Award shall become vested on the first day of each subsequent calendar month.

SEC source: 0001567619-20-000938 · doc1.xml · nonDerivative · entry 2

Archer James B. · CIK 0001763054 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,092,724

F2 · shares: Restricted stock units withheld for payment of tax liability upon vesting of 10,396 restricted stock units. Stock price reflects closing stock price as of Thursday, January 9, 2020.

F2 · price: Restricted stock units withheld for payment of tax liability upon vesting of 10,396 restricted stock units. Stock price reflects closing stock price as of Thursday, January 9, 2020.

SEC source: 0001567619-20-000938 · doc1.xml · nonDerivative · entry 1

Archer James B. · CIK 0001763054 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,095,806

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit 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.

SEC source: 0001567619-20-000381 · doc1.xml · derivative · entry 1

Archer James B. · CIK 0001763054 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 170,910

Underlying: Common Stock · 124,741 shares

Expires not disclosed

F1 · derivative.exercise_price: 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.

F2 · derivative.exercise_date: On January 2, 2020, the Compensation Committee approved Mr. Archer's election to receive his annual base salary for Calendar Year 2020 in the form of 124,741 RSUs, pursuant to the employment agreement entered into by and between Mr. Archer and the Company on January 29, 2019, which will vest in 12 equal installments provided that (a) 1/12 of the RSU Award shall become vested on January 9, 2020, and (b) 1/12 of the RSU Award shall become vested on the first day of each subsequent calendar month.

F2 · derivative.expiration_date: On January 2, 2020, the Compensation Committee approved Mr. Archer's election to receive his annual base salary for Calendar Year 2020 in the form of 124,741 RSUs, pursuant to the employment agreement entered into by and between Mr. Archer and the Company on January 29, 2019, which will vest in 12 equal installments provided that (a) 1/12 of the RSU Award shall become vested on January 9, 2020, and (b) 1/12 of the RSU Award shall become vested on the first day of each subsequent calendar month.

SEC source: 0001567619-19-023155 · doc1.xml · nonDerivative · entry 1

Kalamaras Eric · CIK 0001472318 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 35,740

F1 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.29 to $4.48, inclusive. The reporting person undertakes to provide Target Hospitality Corp., any security holder of Target Hospitality Corp., or the Staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1) to this Form 4.

SEC source: 0001567619-19-022833 · doc1.xml · nonDerivative · entry 1

Schrenk Troy C. · CIK 0001763047 · Chief Commercial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,591

SEC source: 0001567619-19-022576 · doc1.xml · nonDerivative · entry 1

Kalamaras Eric · CIK 0001472318 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 20,158

F1 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.48 to $4.55, inclusive. The reporting person undertakes to provide Target Hospitality Corp., any security holder of Target Hospitality Corp., or the Staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1) to this Form 4.

SEC source: 0001567619-19-022574 · doc1.xml · derivative · entry 3

Archer James B. · CIK 0001763054 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 51,169

Underlying: Common Stock · 5,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit 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.

F3 · derivative.exercise_date: On May 21, 2019, the Reporting Person was granted 46,169 restricted stock units which vest in four equal annual installments on each of the first four anniversaries of the grant date, on May 21, 2020, 2021, 2022, and 2023, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan") and the Restricted Stock Unit Award Agreement entered into between the Issuer and the Reporting Person. In addition to the RSU award granted by the compensation committee on May 21, 2019, the compensation committee approved Mr. Archer's election to receive his annual base salary prorated for the remainder of 2019 in the form of 30,000 RSUs, pursuant to the employment agreement entered into by and between Mr. Archer and the Company on January 29, 2019, which will vest in six equal installments on the first of each month, beginning on July 1, 2019 through December 1, 2019.

F3 · derivative.expiration_date: On May 21, 2019, the Reporting Person was granted 46,169 restricted stock units which vest in four equal annual installments on each of the first four anniversaries of the grant date, on May 21, 2020, 2021, 2022, and 2023, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan") and the Restricted Stock Unit Award Agreement entered into between the Issuer and the Reporting Person. In addition to the RSU award granted by the compensation committee on May 21, 2019, the compensation committee approved Mr. Archer's election to receive his annual base salary prorated for the remainder of 2019 in the form of 30,000 RSUs, pursuant to the employment agreement entered into by and between Mr. Archer and the Company on January 29, 2019, which will vest in six equal installments on the first of each month, beginning on July 1, 2019 through December 1, 2019.

SEC source: 0001567619-19-022574 · doc1.xml · nonDerivative · entry 2

Archer James B. · CIK 0001763054 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,085,410

F2 · shares: Restricted stock units withheld for payment of tax liability upon vesting of 5,000 restricted stock units. Stock price reflects closing stock price as of Friday, November 29, 2019 as vesting occurred on Sunday, December 1, 2019.

F2 · price: Restricted stock units withheld for payment of tax liability upon vesting of 5,000 restricted stock units. Stock price reflects closing stock price as of Friday, November 29, 2019 as vesting occurred on Sunday, December 1, 2019.

SEC source: 0001567619-19-022574 · doc1.xml · nonDerivative · entry 1

Archer James B. · CIK 0001763054 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,087,377

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit 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.

SEC source: 0001567619-19-022256 · doc1.xml · nonDerivative · entry 2

Schrenk Troy C. · CIK 0001763047 · Chief Commercial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,172

F2 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.96 to $4.99, inclusive. The reporting person undertakes to provide Target Hospitality Corp., any security holder of Target Hospitality Corp., or the Staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (2) to this Form 4.

SEC source: 0001567619-19-022229 · doc1.xml · nonDerivative · entry 1

STUDDERT ANDREW P · CIK 0001053465 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 70,000

F1 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.76 to $4.88, inclusive. The reporting person undertakes to provide Target Hospitality Corp., any security holder of Target Hospitality Corp., or the Staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1) to this Form 4.

SEC source: 0001567619-19-022227 · doc1.xml · nonDerivative · entry 1

Kalamaras Eric · CIK 0001472318 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,950

SEC source: 0001567619-19-022256 · doc1.xml · nonDerivative · entry 1

Schrenk Troy C. · CIK 0001763047 · Chief Commercial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,259

F1 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.71 to $4.73, inclusive. The reporting person undertakes to provide Target Hospitality Corp., any security holder of Target Hospitality Corp., or the Staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1) to this Form 4.

SEC source: 0001567619-19-022190 · doc1.xml · nonDerivative · entry 1

Kalamaras Eric · CIK 0001472318 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,800

F1 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.32 to $4.40, inclusive. The reporting person undertakes to provide Target Hospitality Corp., any security holder of Target Hospitality Corp., or the Staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1) to this Form 4.

SEC source: 0001567619-19-021954 · doc1.xml · nonDerivative · entry 1

Kalamaras Eric · CIK 0001472318 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,000

F1 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.88 to $3.89, inclusive. The reporting person undertakes to provide Target Hospitality Corp., any security holder of Target Hospitality Corp., or the Staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1) to this Form 4.

SEC source: 0001567619-19-020442 · doc1.xml · derivative · entry 3

Archer James B. · CIK 0001763054 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 51,169

Underlying: Common Stock · 5,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit 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.

F3 · derivative.exercise_date: On May 21, 2019, the Reporting Person was granted 46,169 restricted stock units which vest in four equal annual installments on each of the first four anniversaries of the grant date, on May 21, 2020, 2021, 2022, and 2023, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan") and the Restricted Stock Unit Award Agreement entered into between the Issuer and the Reporting Person. In addition to the RSU award granted by the compensation committee on May 21, 2019, the compensation committee approved Mr. Archer's election to receive his annual base salary prorated for the remainder of 2019 in the form of 30,000 RSUs, pursuant to the employment agreement entered into by and between Mr. Archer and the Company on January 29, 2019, which will vest in six equal installments on the first of each month, beginning on July 1, 2019 through December 1, 2019.

F3 · derivative.expiration_date: On May 21, 2019, the Reporting Person was granted 46,169 restricted stock units which vest in four equal annual installments on each of the first four anniversaries of the grant date, on May 21, 2020, 2021, 2022, and 2023, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan") and the Restricted Stock Unit Award Agreement entered into between the Issuer and the Reporting Person. In addition to the RSU award granted by the compensation committee on May 21, 2019, the compensation committee approved Mr. Archer's election to receive his annual base salary prorated for the remainder of 2019 in the form of 30,000 RSUs, pursuant to the employment agreement entered into by and between Mr. Archer and the Company on January 29, 2019, which will vest in six equal installments on the first of each month, beginning on July 1, 2019 through December 1, 2019.

SEC source: 0001567619-19-020442 · doc1.xml · nonDerivative · entry 2

Archer James B. · CIK 0001763054 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,082,377

F2 · shares: Restricted stock units withheld for payment of tax liability upon vesting of 5,000 restricted stock units. Stock price reflects closing stock price as of November 1, 2019.

F2 · price: Restricted stock units withheld for payment of tax liability upon vesting of 5,000 restricted stock units. Stock price reflects closing stock price as of November 1, 2019.

SEC source: 0001567619-19-020442 · doc1.xml · nonDerivative · entry 1

Archer James B. · CIK 0001763054 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,084,344

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit 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.