TH

SEC source: 0001712189-26-000014 · form4.xml · derivative · entry 3

Schrenk Troy C. · CIK 0001763047 · SEVP, Operations & CCO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 143,212

Underlying: Common Stock · 39,740 shares

Expires not disclosed

F1 · derivative.exercise_price: Each Restricted Stock Unit ("RSU") or Performance-Based Restricted Stock Unit ("PSU") 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 February 25, 2026, the Reporting Person was granted 39,740 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.

F3 · derivative.expiration_date: On February 25, 2026, the Reporting Person was granted 39,740 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.

F4 · balance_after: Total includes, in addition to 39,740 granted on February 25, 2026, unvested RSUs from the following grants: 49,107 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; 29,008 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 15,385 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.

SEC source: 0001712189-26-000013 · form4.xml · derivative · entry 3

Archer James Bradley · CIK 0001763054 · Director · Director and CEO and President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 473,232

Underlying: Common Stock · 137,283 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.

F3 · derivative.exercise_date: On February 25, 2026, the Reporting Person was granted 137,283 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.

F3 · derivative.expiration_date: On February 25, 2026, the Reporting Person was granted 137,283 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.

F4 · balance_after: Total includes, in addition to 137,283 RSUs granted on February 25, 2026, unvested RSUs from the following grants: 169,643 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; 100,211 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 57,692 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.

SEC source: 0001712189-26-000015 · form4.xml · derivative · entry 4

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 82,307

Underlying: Common Stock · 12,458 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 ("RSU") or Performance-Based Restricted Stock Unit ("PSU") 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.

F4 · derivative.exercise_date: Total includes, in addition to 28,902 RSUs granted on February 25, 2026, unvested RSUs from the following grants: 35,714 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; 18,460 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.

F4 · derivative.expiration_date: Total includes, in addition to 28,902 RSUs granted on February 25, 2026, unvested RSUs from the following grants: 35,714 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; 18,460 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.

F4 · balance_after: Total includes, in addition to 28,902 RSUs granted on February 25, 2026, unvested RSUs from the following grants: 35,714 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; 18,460 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.

SEC source: 0001712189-26-000015 · form4.xml · nonDerivative · entry 2

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 141,167

F2 · price: 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.

SEC source: 0001712189-26-000015 · form4.xml · nonDerivative · entry 1

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 144,200

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 ("RSU") or Performance-Based Restricted Stock Unit ("PSU") 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: 0001712189-26-000016 · form4.xml · derivative · entry 4

Vlacich Jason Paul · CIK 0001763039 · CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 130,437

Underlying: Common Stock · 12,458 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 ("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.

F4 · derivative.exercise_date: 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.

F4 · derivative.expiration_date: 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.

F4 · balance_after: 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.

SEC source: 0001712189-26-000016 · form4.xml · nonDerivative · entry 2

Vlacich Jason Paul · CIK 0001763039 · CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 130,196

F2 · price: 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.

SEC source: 0001712189-26-000016 · form4.xml · nonDerivative · entry 1

Vlacich Jason Paul · CIK 0001763039 · CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 133,229

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 ("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.

SEC source: 0001712189-26-000017 · form4.xml · derivative · entry 4

Schuck Mark · CIK 0002063907 · SVP, Finance & IR

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 26,438

Underlying: Common Stock · 7,475 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 ("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.

F4 · derivative.exercise_date: Total includes, in addition to 8,671 RSUs granted on February 25, 2026, unvested RSUs from the following grants: 10,714 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; 6,329 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 4,615 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.

F4 · derivative.expiration_date: Total includes, in addition to 8,671 RSUs granted on February 25, 2026, unvested RSUs from the following grants: 10,714 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; 6,329 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 4,615 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.

F4 · balance_after: Total includes, in addition to 8,671 RSUs granted on February 25, 2026, unvested RSUs from the following grants: 10,714 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; 6,329 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 4,615 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.

SEC source: 0001712189-26-000017 · form4.xml · nonDerivative · entry 2

Schuck Mark · CIK 0002063907 · SVP, Finance & IR

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 24,677

F2 · price: Restricted stock units withheld for payment of tax liability upon vesting of 7,475 RSUs on February 24, 2026. Stock price reflects closing stock price as of February 24, 2026.

SEC source: 0001712189-26-000017 · form4.xml · nonDerivative · entry 1

Schuck Mark · CIK 0002063907 · SVP, Finance & IR

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 26,497

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 ("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.

SEC source: 0001712189-26-000014 · form4.xml · derivative · entry 4

Schrenk Troy C. · CIK 0001763047 · SEVP, Operations & CCO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 118,295

Underlying: Common Stock · 24,917 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 ("RSU") or Performance-Based Restricted Stock Unit ("PSU") 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.

F4 · derivative.exercise_date: Total includes, in addition to 39,740 granted on February 25, 2026, unvested RSUs from the following grants: 49,107 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; 29,008 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 15,385 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.

F4 · derivative.expiration_date: Total includes, in addition to 39,740 granted on February 25, 2026, unvested RSUs from the following grants: 49,107 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; 29,008 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 15,385 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.

F4 · balance_after: Total includes, in addition to 39,740 granted on February 25, 2026, unvested RSUs from the following grants: 49,107 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; 29,008 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 15,385 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.

SEC source: 0001712189-26-000014 · form4.xml · nonDerivative · entry 2

Schrenk Troy C. · CIK 0001763047 · SEVP, Operations & CCO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 193,403

F2 · price: Restricted stock units withheld for payment of tax liability upon vesting of 24,917 RSUs February 24, 2026. Stock price reflects closing stock price as of February 24, 2026.

SEC source: 0001712189-26-000014 · form4.xml · nonDerivative · entry 1

Schrenk Troy C. · CIK 0001763047 · SEVP, Operations & CCO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 199,470

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 ("RSU") or Performance-Based Restricted Stock Unit ("PSU") 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: 0001712189-26-000013 · form4.xml · derivative · entry 4

Archer James Bradley · CIK 0001763054 · Director · Director and CEO and President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 40,940

Underlying: Common Stock · 62,292 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 ("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.

F4 · derivative.exercise_date: Total includes, in addition to 137,283 RSUs granted on February 25, 2026, unvested RSUs from the following grants: 169,643 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; 100,211 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 57,692 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.

F4 · derivative.expiration_date: Total includes, in addition to 137,283 RSUs granted on February 25, 2026, unvested RSUs from the following grants: 169,643 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; 100,211 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 57,692 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.

F4 · balance_after: Total includes, in addition to 137,283 RSUs granted on February 25, 2026, unvested RSUs from the following grants: 169,643 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; 100,211 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 57,692 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.

SEC source: 0001712189-26-000013 · form4.xml · nonDerivative · entry 2

Archer James Bradley · CIK 0001763054 · Director · Director and CEO and President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,782,390

F2 · price: Restricted stock units withheld for payment of tax liability upon vesting of 62,292 RSUs on February 24, 2026. Stock price reflects closing stock price as of February 24, 2026

SEC source: 0001712189-26-000013 · form4.xml · nonDerivative · entry 1

Archer James Bradley · CIK 0001763054 · Director · Director and CEO and President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,806,901

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 ("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.

SEC source: 0001712189-26-000003 · form4.xml · nonDerivative · entry 1

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

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 131,742

F1 · shares: Sale pursuant to 10b5-1 plan entered into on June 12, 2025.

F2 · price: The price in column 4 is a weighted average price. The shares were sold on 01.20.2026 in multiple transactions at prices ranging $7.28 - $7.52, inclusive. The report person undertakes to provide Target Hospitality Corp. or staff at the Securities Exchange Commission, upon request, full information regarding set forth in this Footnote 2 to this Form 4.

SEC source: 0001712189-25-000093 · form4.xml · nonDerivative · entry 1

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

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 140,742

F1 · shares: Sale pursuant to 10b5-1 plan entered into on June 12, 2025.

F2 · price: The price in column 4 is a weighted average price. The shares were sold on 12.15.2025 in multiple transactions at prices ranging $8.45 - $8.56, inclusive. The report person undertakes to provide Target Hospitality Corp. or staff at the Securities Exchange Commission, upon request, full information regarding set forth in this Footnote 2 to this Form 4.

SEC source: 0001712189-25-000090 · form4.xml · nonDerivative · entry 1

Robertson Stephen · CIK 0001409360 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 445,000

SEC source: 0001712189-25-000091 · form4.xml · derivative · entry 2

Dowhaniuk Brendan · CIK 0002046130 · EVP, Strategy & Corp. Dev.

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 31,250

Underlying: Common Stock · 17,710 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.

F2 · derivative.exercise_date: On December 2, 2024, the Reporting Person, as the newly appointed Executive Officer to the Company, was granted 17,710 Restricted Stock Units which vest in full on December 2, 2025, subject to Target Hospitality Corp. 2019 Incentive Award Plan, as amended, and RSU award agreement entered into between the Issuer and the Reporting Person.

F2 · derivative.expiration_date: On December 2, 2024, the Reporting Person, as the newly appointed Executive Officer to the Company, was granted 17,710 Restricted Stock Units which vest in full on December 2, 2025, subject to Target Hospitality Corp. 2019 Incentive Award Plan, as amended, and RSU award agreement entered into between the Issuer and the Reporting Person.

SEC source: 0001712189-25-000091 · form4.xml · nonDerivative · entry 1

Dowhaniuk Brendan · CIK 0002046130 · EVP, Strategy & Corp. Dev.

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 17,710

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: 0001712189-25-000087 · form4.xml · nonDerivative · entry 1

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

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 154,198

F1 · shares: Sale pursuant to 10b5-1 plan entered into on June 12, 2025.

F2 · price: The price in column 4 is a weighted average price. These shares were sold on 11.17.2025 in multiple transactions at prices ranging $6.21 - $6.95, inclusive. The report person undertakes to provide Target Hospitality Corp. or staff at the Securities Exchange Commission, upon request, full information regarding set forth in this Footnote 2 to this Form 4.

SEC source: 0001712189-25-000086 · form4.xml · nonDerivative · entry 1

Robertson Stephen · CIK 0001409360 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 320,000

SEC source: 0001712189-25-000080 · form4.xml · nonDerivative · entry 1

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

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 163,198

F1 · shares: Sale pursuant to 10b5-1 plan entered into on June 12, 2025.

F2 · price: The price in column 4 is a weighted average price. These shares were sold on 10.20.2025 in multiple transactions at prices ranging $7.00 - $7.18, inclusive. The report person undertakes to provide Target Hospitality Corp. or staff at the Securities Exchange Commission, upon request, full information regarding set forth in this Footnote 2 to this Form 4.

SEC source: 0001712189-25-000078 · form4.xml · nonDerivative · entry 1

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

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 172,198

F1 · shares: Sale pursuant to 10b5-1 plan entered into on June 12, 2025.

F2 · price: The price in column 4 is a weighted average price. These shares were sold on 09.22.2025 in multiple transactions at prices ranging $8.49 - $8.79, inclusive. The reporting person undertakes to provide Target Hospitality Corp. or staff at the Securities Exchange Commission, upon request, full information regarding set forth in this Footnote 2 to this Form 4.

SEC source: 0001712189-25-000076 · form4.xml · nonDerivative · entry 1

Schrenk Troy C. · CIK 0001763047 · SEVP, Operations & CCO

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 174,553

F1 · shares: Sale pursuant to 10b5-1 plan entered into on June 20, 2025.

F2 · price: The price in column 4 is a weighted average price. These shares were sold on 09.18.2025 in multiple transactions at prices ranging $8.44 - $8.69, inclusive. The reporting person undertakes to provide Target Hospitality Corp. or staff at the Securities Exchange Commission, upon request, full information regarding set forth in this Footnote 2 to this Form 4.

SEC source: 0001712189-25-000068 · form4.xml · derivative · entry 4

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 37,500 shares

Expires not disclosed

F1 · derivative.exercise_price: Each Performance-Based Restricted Stock Unit ("PSU") 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 July 12, 2022, the Reporting Person was granted a maximum number of 75,000 PSUs pursuant to a Performance-Based Restricted Stock Unit Agreement, by and between the Reporting Person and the Issuer, dated as of July 12, 2022 (the "PSU Agreement"). The actual number of PSUs that vested and became unrestricted was based on criteria described in footnote 3 to this Form 4, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan, as amended (the "Plan"), and the PSU Agreement.

F3 · derivative.exercise_date: The cumulative number of PSUs reported herein vested and became unrestricted on June 30, 2025 based on the Issuer's Common Stock achieving certain volume weighted average prices during any 60 consecutive calendar day period (the "Measurement Periods"). The number of PSUs earned are cumulative and based on the achievement of agreed Common Stock price targets ranging from $12.50 to $20.00 during each annual Measurement Period pursuant to the PSU Agreement and subject to the terms and conditions of the Plan.

F3 · derivative.expiration_date: The cumulative number of PSUs reported herein vested and became unrestricted on June 30, 2025 based on the Issuer's Common Stock achieving certain volume weighted average prices during any 60 consecutive calendar day period (the "Measurement Periods"). The number of PSUs earned are cumulative and based on the achievement of agreed Common Stock price targets ranging from $12.50 to $20.00 during each annual Measurement Period pursuant to the PSU Agreement and subject to the terms and conditions of the Plan.

SEC source: 0001712189-25-000068 · form4.xml · derivative · entry 3

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 37,500

Underlying: Common Stock · 37,500 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 Performance-Based Restricted Stock Unit ("PSU") 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 July 12, 2022, the Reporting Person was granted a maximum number of 75,000 PSUs pursuant to a Performance-Based Restricted Stock Unit Agreement, by and between the Reporting Person and the Issuer, dated as of July 12, 2022 (the "PSU Agreement"). The actual number of PSUs that vested and became unrestricted was based on criteria described in footnote 3 to this Form 4, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan, as amended (the "Plan"), and the PSU Agreement.

F3 · derivative.exercise_date: The cumulative number of PSUs reported herein vested and became unrestricted on June 30, 2025 based on the Issuer's Common Stock achieving certain volume weighted average prices during any 60 consecutive calendar day period (the "Measurement Periods"). The number of PSUs earned are cumulative and based on the achievement of agreed Common Stock price targets ranging from $12.50 to $20.00 during each annual Measurement Period pursuant to the PSU Agreement and subject to the terms and conditions of the Plan.

F3 · derivative.expiration_date: The cumulative number of PSUs reported herein vested and became unrestricted on June 30, 2025 based on the Issuer's Common Stock achieving certain volume weighted average prices during any 60 consecutive calendar day period (the "Measurement Periods"). The number of PSUs earned are cumulative and based on the achievement of agreed Common Stock price targets ranging from $12.50 to $20.00 during each annual Measurement Period pursuant to the PSU Agreement and subject to the terms and conditions of the Plan.

SEC source: 0001712189-25-000068 · form4.xml · nonDerivative · entry 2

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 184,454

SEC source: 0001712189-25-000068 · form4.xml · nonDerivative · entry 1

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 193,585

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 Performance-Based Restricted Stock Unit ("PSU") 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: 0001712189-25-000064 · form4.xml · derivative · entry 4

Vlacich Jason Paul · CIK 0001763039 · CFO & CAO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 37,500 shares

Expires not disclosed

F1 · derivative.exercise_price: Each Performance-Based Restricted Stock Unit ("PSU") 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 July 12, 2022, the Reporting Person was granted a maximum number of 75,000 PSUs pursuant to a Performance-Based Restricted Stock Unit Agreement, by and between the Reporting Person and the Issuer, dated as of July 12, 2022 (the "PSU Agreement"). The actual number of PSUs that vested and became unrestricted was based on criteria described in footnote 3 to this Form 4, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan, as amended (the "Plan"), and the PSU Agreement.

F3 · derivative.exercise_date: The cumulative number of PSUs reported herein vested and became unrestricted on June 30, 2025 based on the Issuer's Common Stock achieving certain volume weighted average prices during any 60 consecutive calendar day period (the "Measurement Periods"). The number of PSUs earned are cumulative and based on the achievement of agreed Common Stock price targets ranging from $12.50 to $20.00 during each annual Measurement Period pursuant to the PSU Agreement and subject to the terms and conditions of the Plan.

F3 · derivative.expiration_date: The cumulative number of PSUs reported herein vested and became unrestricted on June 30, 2025 based on the Issuer's Common Stock achieving certain volume weighted average prices during any 60 consecutive calendar day period (the "Measurement Periods"). The number of PSUs earned are cumulative and based on the achievement of agreed Common Stock price targets ranging from $12.50 to $20.00 during each annual Measurement Period pursuant to the PSU Agreement and subject to the terms and conditions of the Plan.

SEC source: 0001712189-25-000064 · form4.xml · derivative · entry 3

Vlacich Jason Paul · CIK 0001763039 · CFO & CAO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 37,500

Underlying: Common Stock · 37,500 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 Performance-Based Restricted Stock Unit ("PSU") 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 July 12, 2022, the Reporting Person was granted a maximum number of 75,000 PSUs pursuant to a Performance-Based Restricted Stock Unit Agreement, by and between the Reporting Person and the Issuer, dated as of July 12, 2022 (the "PSU Agreement"). The actual number of PSUs that vested and became unrestricted was based on criteria described in footnote 3 to this Form 4, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan, as amended (the "Plan"), and the PSU Agreement.

F3 · derivative.exercise_date: The cumulative number of PSUs reported herein vested and became unrestricted on June 30, 2025 based on the Issuer's Common Stock achieving certain volume weighted average prices during any 60 consecutive calendar day period (the "Measurement Periods"). The number of PSUs earned are cumulative and based on the achievement of agreed Common Stock price targets ranging from $12.50 to $20.00 during each annual Measurement Period pursuant to the PSU Agreement and subject to the terms and conditions of the Plan.

F3 · derivative.expiration_date: The cumulative number of PSUs reported herein vested and became unrestricted on June 30, 2025 based on the Issuer's Common Stock achieving certain volume weighted average prices during any 60 consecutive calendar day period (the "Measurement Periods"). The number of PSUs earned are cumulative and based on the achievement of agreed Common Stock price targets ranging from $12.50 to $20.00 during each annual Measurement Period pursuant to the PSU Agreement and subject to the terms and conditions of the Plan.

SEC source: 0001712189-25-000064 · form4.xml · nonDerivative · entry 2

Vlacich Jason Paul · CIK 0001763039 · CFO & CAO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 120,771

SEC source: 0001712189-25-000064 · form4.xml · nonDerivative · entry 1

Vlacich Jason Paul · CIK 0001763039 · CFO & CAO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 129,902

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 Performance-Based Restricted Stock Unit ("PSU") 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: 0001712189-25-000066 · form4.xml · derivative · entry 4

Schrenk Troy C. · CIK 0001763047 · SEVP, Operations & CCO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 100,000 shares

Expires not disclosed

F1 · derivative.exercise_price: Each Performance-Based Restricted Stock Unit ("PSU") 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 July 12, 2022, the Reporting Person was granted a maximum number of 200,000 PSUs pursuant to a Performance-Based Restricted Stock Unit Agreement, by and between the Reporting Person and the Issuer, dated as of July 12, 2022 (the "PSU Agreement"). The actual number of PSUs that vested and became unrestricted was based on criteria described in footnote 3 to this Form 4, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan, as amended (the "Plan"), and the PSU Agreement.

F3 · derivative.exercise_date: The cumulative number of PSUs reported herein vested and became unrestricted on June 30, 2025 based on the Issuer's Common Stock achieving certain volume weighted average prices during any 60 consecutive calendar day period (the "Measurement Periods"). The number of PSUs earned are cumulative and based on the achievement of agreed Common Stock price targets ranging from $12.50 to $20.00 during each annual Measurement Period pursuant to the PSU Agreement and subject to the terms and conditions of the Plan.

F3 · derivative.expiration_date: The cumulative number of PSUs reported herein vested and became unrestricted on June 30, 2025 based on the Issuer's Common Stock achieving certain volume weighted average prices during any 60 consecutive calendar day period (the "Measurement Periods"). The number of PSUs earned are cumulative and based on the achievement of agreed Common Stock price targets ranging from $12.50 to $20.00 during each annual Measurement Period pursuant to the PSU Agreement and subject to the terms and conditions of the Plan.

SEC source: 0001712189-25-000066 · form4.xml · derivative · entry 3

Schrenk Troy C. · CIK 0001763047 · SEVP, Operations & CCO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 100,000

Underlying: Common Stock · 100,000 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 Performance-Based Restricted Stock Unit ("PSU") 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 July 12, 2022, the Reporting Person was granted a maximum number of 200,000 PSUs pursuant to a Performance-Based Restricted Stock Unit Agreement, by and between the Reporting Person and the Issuer, dated as of July 12, 2022 (the "PSU Agreement"). The actual number of PSUs that vested and became unrestricted was based on criteria described in footnote 3 to this Form 4, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan, as amended (the "Plan"), and the PSU Agreement.

F3 · derivative.exercise_date: The cumulative number of PSUs reported herein vested and became unrestricted on June 30, 2025 based on the Issuer's Common Stock achieving certain volume weighted average prices during any 60 consecutive calendar day period (the "Measurement Periods"). The number of PSUs earned are cumulative and based on the achievement of agreed Common Stock price targets ranging from $12.50 to $20.00 during each annual Measurement Period pursuant to the PSU Agreement and subject to the terms and conditions of the Plan.

F3 · derivative.expiration_date: The cumulative number of PSUs reported herein vested and became unrestricted on June 30, 2025 based on the Issuer's Common Stock achieving certain volume weighted average prices during any 60 consecutive calendar day period (the "Measurement Periods"). The number of PSUs earned are cumulative and based on the achievement of agreed Common Stock price targets ranging from $12.50 to $20.00 during each annual Measurement Period pursuant to the PSU Agreement and subject to the terms and conditions of the Plan.

SEC source: 0001712189-25-000066 · form4.xml · nonDerivative · entry 2

Schrenk Troy C. · CIK 0001763047 · SEVP, Operations & CCO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 223,897

SEC source: 0001712189-25-000066 · form4.xml · nonDerivative · entry 1

Schrenk Troy C. · CIK 0001763047 · SEVP, Operations & CCO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 258,105

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 Performance-Based Restricted Stock Unit ("PSU") 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: 0001712189-25-000062 · form4.xml · derivative · entry 4

Archer James Bradley · CIK 0001763054 · Director · Director and CEO and President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 250,000 shares

Expires not disclosed

F1 · derivative.exercise_price: Each Performance-Based Restricted Stock Unit ("PSU") 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 May 24, 2022, the Reporting Person was granted a maximum number of 500,000 PSUs pursuant to a Performance-Based Restricted Stock Unit Agreement, by and between the Reporting Person and the Issuer, dated as of May 24, 2022 (the "PSU Agreement"). The actual number of PSUs that vested and became unrestricted was based on criteria described in footnote 3 to this Form 4, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan, as amended (the "Plan"), and the PSU Agreement.

F3 · derivative.exercise_date: The cumulative number of PSUs reported herein vested and became unrestricted on June 30, 2025 based on the Issuer's Common Stock achieving certain volume weighted average prices during any 60 consecutive calendar day period (the "Measurement Periods"). The number of PSUs earned are cumulative and based on the achievement of agreed Common Stock price targets ranging from $12.50 to $20.00 during each annual Measurement Period pursuant to the PSU Agreement and subject to the terms and conditions of the Plan.

F3 · derivative.expiration_date: The cumulative number of PSUs reported herein vested and became unrestricted on June 30, 2025 based on the Issuer's Common Stock achieving certain volume weighted average prices during any 60 consecutive calendar day period (the "Measurement Periods"). The number of PSUs earned are cumulative and based on the achievement of agreed Common Stock price targets ranging from $12.50 to $20.00 during each annual Measurement Period pursuant to the PSU Agreement and subject to the terms and conditions of the Plan.

SEC source: 0001712189-25-000062 · form4.xml · derivative · entry 3

Archer James Bradley · CIK 0001763054 · Director · Director and CEO and President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 250,000

Underlying: Common Stock · 250,000 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 Performance-Based Restricted Stock Unit ("PSU") 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 May 24, 2022, the Reporting Person was granted a maximum number of 500,000 PSUs pursuant to a Performance-Based Restricted Stock Unit Agreement, by and between the Reporting Person and the Issuer, dated as of May 24, 2022 (the "PSU Agreement"). The actual number of PSUs that vested and became unrestricted was based on criteria described in footnote 3 to this Form 4, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan, as amended (the "Plan"), and the PSU Agreement.

F3 · derivative.exercise_date: The cumulative number of PSUs reported herein vested and became unrestricted on June 30, 2025 based on the Issuer's Common Stock achieving certain volume weighted average prices during any 60 consecutive calendar day period (the "Measurement Periods"). The number of PSUs earned are cumulative and based on the achievement of agreed Common Stock price targets ranging from $12.50 to $20.00 during each annual Measurement Period pursuant to the PSU Agreement and subject to the terms and conditions of the Plan.

F3 · derivative.expiration_date: The cumulative number of PSUs reported herein vested and became unrestricted on June 30, 2025 based on the Issuer's Common Stock achieving certain volume weighted average prices during any 60 consecutive calendar day period (the "Measurement Periods"). The number of PSUs earned are cumulative and based on the achievement of agreed Common Stock price targets ranging from $12.50 to $20.00 during each annual Measurement Period pursuant to the PSU Agreement and subject to the terms and conditions of the Plan.

SEC source: 0001712189-25-000062 · form4.xml · nonDerivative · entry 2

Archer James Bradley · CIK 0001763054 · Director · Director and CEO and President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,744,609

SEC source: 0001712189-25-000062 · form4.xml · nonDerivative · entry 1

Archer James Bradley · CIK 0001763054 · Director · Director and CEO and President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,842,984

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 Performance-Based Restricted Stock Unit ("PSU") 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: 0000950170-25-077876 · ownership.xml · derivative · entry 2

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

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

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

MFA Limited Partnership SLP · CIK 0001765696 · 10% owner

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

TDR Capital LLP · CIK 0001408159 · 10% owner

Sapphire Holding S.a r.l. · CIK 0001723829 · 10% owner

Lindsay Gary · CIK 0001723793 · 10% owner

DALE MANJIT · CIK 0001113203 · 10% owner

Mitchell Thomas Andrew · CIK 0002024710 · 10% owner

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

10b5-1 filing: No plan indicated

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

Disclosed balance after: 0

Underlying: Common Stock · 12,998 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 ("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.

F3 · derivative.exercise_date: On May 23, 2024, Stephen Robertson was granted 12,998 RSUs which 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 previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan and the award agreements entered into between the Issuer and Mr. Robertson. Subject to certain exceptions, vested shares will be delivered upon separation of service from the Board of Directors of the Issuer. Immediately following such grant, Mr. Robertson transferred the RSUs to Arrow. Upon transfer to Arrow, the RSUs vest in accordance with the same terms and conditions of the initial grant.

F3 · derivative.expiration_date: On May 23, 2024, Stephen Robertson was granted 12,998 RSUs which 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 previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan and the award agreements entered into between the Issuer and Mr. Robertson. Subject to certain exceptions, vested shares will be delivered upon separation of service from the Board of Directors of the Issuer. Immediately following such grant, Mr. Robertson transferred the RSUs to Arrow. Upon transfer to Arrow, the RSUs vest in accordance with the same terms and conditions of the initial grant.

F4 · ownership.nature: 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. Sapphire Holding S.a r.l. is the direct shareholder of Arrow and wholly owned by TDR Capital II Investments LP.

F5 · ownership.nature: MFA Holding S.a r.l. ("MFA Holdings") is the controlling shareholder of MFA Limited Partnership SLP ("MFA SLP" and together with MFA Holdings and MFA Global, the "MFA Entities"), which is the controlling shareholder of MFA Global. TDR Capital II Investments LP, as the controlling shareholder of MFA Holdings, may be deemed the beneficial owner of the securities of the Issuer held by MFA Global. 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 MFA Global. As a founding partner of TDR Capital LLP, Manjit Dale may be deemed the beneficial owner of such securities of the Issuer held by Arrow and MFA Holdings. As managing partners of TDR Capital LLP, Gary Lindsay and Thomas Mitchell may be deemed the beneficial owners of such securities of the Issuer held by Arrow and MFA Holdings.

F6 · ownership.nature: Each of TDR Capital II Investments LP, TDR Capital LLP, Manjit Dale, Gary Lindsay and Thomas Mitchell (the "TDR Persons") may be deemed 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: 0000950170-25-077876 · ownership.xml · nonDerivative · entry 1

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

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

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

MFA Limited Partnership SLP · CIK 0001765696 · 10% owner

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

TDR Capital LLP · CIK 0001408159 · 10% owner

Sapphire Holding S.a r.l. · CIK 0001723829 · 10% owner

Lindsay Gary · CIK 0001723793 · 10% owner

DALE MANJIT · CIK 0001113203 · 10% owner

Mitchell Thomas Andrew · CIK 0002024710 · 10% owner

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

10b5-1 filing: No plan indicated

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

Disclosed balance after: 64,626,003

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 ("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 · balance_after: Includes (i) 15,628,865 shares of Common Stock held by MFA Global S.a r.l. ("MFA Global") and (ii) 48,997,138 shares of Common Stock held by Arrow Holdings S.a r.l. ("Arrow")

F4 · ownership.nature: 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. Sapphire Holding S.a r.l. is the direct shareholder of Arrow and wholly owned by TDR Capital II Investments LP.

F5 · ownership.nature: MFA Holding S.a r.l. ("MFA Holdings") is the controlling shareholder of MFA Limited Partnership SLP ("MFA SLP" and together with MFA Holdings and MFA Global, the "MFA Entities"), which is the controlling shareholder of MFA Global. TDR Capital II Investments LP, as the controlling shareholder of MFA Holdings, may be deemed the beneficial owner of the securities of the Issuer held by MFA Global. 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 MFA Global. As a founding partner of TDR Capital LLP, Manjit Dale may be deemed the beneficial owner of such securities of the Issuer held by Arrow and MFA Holdings. As managing partners of TDR Capital LLP, Gary Lindsay and Thomas Mitchell may be deemed the beneficial owners of such securities of the Issuer held by Arrow and MFA Holdings.

F6 · ownership.nature: Each of TDR Capital II Investments LP, TDR Capital LLP, Manjit Dale, Gary Lindsay and Thomas Mitchell (the "TDR Persons") may be deemed 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: 0001712189-25-000049 · form4.xml · derivative · entry 4

PATENAUDE PAMELA H. · CIK 0001815221 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 16,061

Underlying: Common Stock · 16,061 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 · derivative.exercise_date: On May 22, 2025, the Reporting Person, was granted 16,061 Restricted Stock Units which vest in full on May 22, 2026 or, if earlier, the date of the next annual meeting of the stockholders of the Issuer, subject to the Plan and award agreement. Subject to certain exception, vested shares will be delivered upon separation of service from the board of directors.

F3 · derivative.expiration_date: On May 22, 2025, the Reporting Person, was granted 16,061 Restricted Stock Units which vest in full on May 22, 2026 or, if earlier, the date of the next annual meeting of the stockholders of the Issuer, subject to the Plan and award agreement. Subject to certain exception, vested shares will be delivered upon separation of service from the board of directors.

SEC source: 0001712189-25-000049 · form4.xml · derivative · entry 3

PATENAUDE PAMELA H. · CIK 0001815221 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 9,965 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.

F2 · derivative.exercise_date: On May 23, 2024, the Reporting Person, was granted 9,965 Restricted Stock Units which vest in full on May 23, 2025 or, if earlier, the date of the next annual meeting of the stockholders of the Issuer, subject to the Target Hospitality Corp. 2019 Incentive Award Plan, as amended (the "Plan") and award agreement. Subject to certain exception, vested shares will be delivered upon separation of service from the board of directors.

F2 · derivative.expiration_date: On May 23, 2024, the Reporting Person, was granted 9,965 Restricted Stock Units which vest in full on May 23, 2025 or, if earlier, the date of the next annual meeting of the stockholders of the Issuer, subject to the Target Hospitality Corp. 2019 Incentive Award Plan, as amended (the "Plan") and award agreement. Subject to certain exception, vested shares will be delivered upon separation of service from the board of directors.

SEC source: 0001712189-25-000049 · form4.xml · nonDerivative · entry 1

PATENAUDE PAMELA H. · CIK 0001815221 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 53,314

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: 0001712189-25-000047 · form4.xml · derivative · entry 3

Robertson Stephen · CIK 0001409360 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 20,950

Underlying: Common Stock · 20,950 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.

F4 · derivative.exercise_date: On May 22, 2025, Mr. Robertson was granted 20,950 RSUs which 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 award agreements entered into between the Issuer and Mr. Robertson. Subject to certain exceptions, vested shares will be delivered upon separation of service from the BOD.

F4 · derivative.expiration_date: On May 22, 2025, Mr. Robertson was granted 20,950 RSUs which 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 award agreements entered into between the Issuer and Mr. Robertson. Subject to certain exceptions, vested shares will be delivered upon separation of service from the BOD.

SEC source: 0001712189-25-000047 · form4.xml · derivative · entry 2

Robertson Stephen · CIK 0001409360 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 12,998 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 23, 2024, Stephen Robertson was granted 12,998 restricted stock units ("RSUs") which 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 previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan (as amended, the "Plan") and the award agreements entered into between the Issuer and Mr. Robertson. Subject to certain exceptions, vested shares will be delivered upon separation of service from the Board of Directors of the Issuer ("BOD"). Immediately following such grant, Mr. Robertson transferred the RSUs to Arrow. Upon transfer to Arrow, the RSUs vest in accordance with the same terms and conditions of the initial grant.

F3 · derivative.expiration_date: On May 23, 2024, Stephen Robertson was granted 12,998 restricted stock units ("RSUs") which 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 previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan (as amended, the "Plan") and the award agreements entered into between the Issuer and Mr. Robertson. Subject to certain exceptions, vested shares will be delivered upon separation of service from the Board of Directors of the Issuer ("BOD"). Immediately following such grant, Mr. Robertson transferred the RSUs to Arrow. Upon transfer to Arrow, the RSUs vest in accordance with the same terms and conditions of the initial grant.