TH

SEC source: 0001567619-23-004930 · doc1.xml · derivative · entry 7

Kalamaras Eric · CIK 0001472318 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 178,572

Underlying: Common Stock · 57,836 shares

Expires 2030-03-04

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.

F4 · derivative.exercise_date: The options reported in this footnote 4 represent the right upon vesting to buy shares of Common Stock pursuant to the terms and conditions of the Target Hospitality Corp. 2019 Incentive Award Plan (as amended, 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 reported in this footnote 4 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: 0001567619-23-004930 · doc1.xml · nonDerivative · entry 5

Kalamaras Eric · CIK 0001472318 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 106,560

F1 · kind: Exercise and sale pursuant to 10b5-1 plan entered into January 5, 2023.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.99 to $17.29, inclusive. The Reporting Person undertakes to provide to Target Hospitality Corp., any security holder of Target Hospitality Corp., or the staff of the Securities and 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: 0001567619-23-004930 · doc1.xml · nonDerivative · entry 4

Kalamaras Eric · CIK 0001472318 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 111,384

F1 · kind: Exercise and sale pursuant to 10b5-1 plan entered into January 5, 2023.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.49 to $17.36, inclusive. The Reporting Person undertakes to provide to Target Hospitality Corp., any security holder of Target Hospitality Corp., or the staff of the Securities and 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: 0001567619-23-004930 · doc1.xml · nonDerivative · entry 3

Kalamaras Eric · CIK 0001472318 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 169,220

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 · kind: Exercise and sale pursuant to 10b5-1 plan entered into January 5, 2023.

SEC source: 0001567619-23-004975 · doc1.xml · derivative · entry 3

Kelley John Travis · CIK 0001860232 · EVP - Operations

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 54,348

Underlying: Common Stock · 54,348 shares

Expires 2031-02-25

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_date: The Stock Appreciation Rights ("SARs"), reported on this Form 4, represent upon vesting the right to receive payment in cash or stock, at the Issuer's discretion, the amount of the increase from the grant date price and fair market value pursuant to the terms and conditions of the Target Hospitality Corp. 2019 Incentive Award Plan, as amended, and the SAR Award Agreement entered into between the Issuer and the Reporting Person as of February 25, 2021 (the "SAR Award Agreement"). The SARs vest 50% on the second anniversary of the grant date and the remaining 50% on the third anniversary of the grant date, subject to the terms and conditions of the Target Hospitality Corp. 2019 Incentive Award Plan, as amended and SAR Award Agreement.

SEC source: 0001567619-23-004975 · doc1.xml · nonDerivative · entry 2

Kelley John Travis · CIK 0001860232 · EVP - Operations

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 51,683

SEC source: 0001567619-23-004975 · doc1.xml · nonDerivative · entry 1

Kelley John Travis · CIK 0001860232 · EVP - Operations

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 106,031

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.

SEC source: 0001567619-23-004930 · doc1.xml · derivative · entry 6

Kalamaras Eric · CIK 0001472318 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 236,408

Underlying: Common Stock · 1,688 shares

Expires 2030-03-04

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.

F4 · derivative.exercise_date: The options reported in this footnote 4 represent the right upon vesting to buy shares of Common Stock pursuant to the terms and conditions of the Target Hospitality Corp. 2019 Incentive Award Plan (as amended, 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 reported in this footnote 4 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: 0001567619-23-004930 · doc1.xml · nonDerivative · entry 2

Kalamaras Eric · CIK 0001472318 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 111,384

F1 · kind: Exercise and sale pursuant to 10b5-1 plan entered into January 5, 2023.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.49 to $17.36, inclusive. The Reporting Person undertakes to provide to Target Hospitality Corp., any security holder of Target Hospitality Corp., or the staff of the Securities and 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: 0001567619-23-004930 · doc1.xml · nonDerivative · entry 1

Kalamaras Eric · CIK 0001472318 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 113,072

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 · kind: Exercise and sale pursuant to 10b5-1 plan entered into January 5, 2023.

SEC source: 0001567619-23-004751 · doc1.xml · nonDerivative · entry 2

Kalamaras Eric · CIK 0001472318 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 111,384

F1 · kind: Sale pursuant to 10b5-1 plan entered into on January 5, 2023.

F2 · price: The prices reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging on 03/07/2023 $15.49 - $15.73, inclusive, and on 03/08/2023 $15.99 - 16.38, inclusive. The reporting person undertakes to provide to Target Hospitality Corp., any security holder of Target Hospitality Corp. or 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 the Footnote 2 to this Form 4.

SEC source: 0001567619-23-004748 · doc1.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,156,018

F1 · kind: Sale pursuant to 10b5-1 plan entered into on December 29, 2022.

F2 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.50 to $15.71 on 03/07/2023, inclusive, and $15.50 - 16.00, on 03/08/2023 , inclusive. The reporting person undertakes to provide to Target Hospitality Corp., any security holder of Target Hospitality Corp. or 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 the Footnote 2 to this Form 4.

SEC source: 0001567619-23-004751 · doc1.xml · nonDerivative · entry 1

Kalamaras Eric · CIK 0001472318 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 174,132

F1 · kind: Sale pursuant to 10b5-1 plan entered into on January 5, 2023.

F2 · price: The prices reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging on 03/07/2023 $15.49 - $15.73, inclusive, and on 03/08/2023 $15.99 - 16.38, inclusive. The reporting person undertakes to provide to Target Hospitality Corp., any security holder of Target Hospitality Corp. or 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 the Footnote 2 to this Form 4.

SEC source: 0001567619-23-004748 · doc1.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,181,640

F1 · kind: Sale pursuant to 10b5-1 plan entered into on December 29, 2022.

F2 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.50 to $15.71 on 03/07/2023, inclusive, and $15.50 - 16.00, on 03/08/2023 , inclusive. The reporting person undertakes to provide to Target Hospitality Corp., any security holder of Target Hospitality Corp. or 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 the Footnote 2 to this Form 4.

SEC source: 0001567619-23-004591 · doc1.xml · derivative · entry 3

Kelley John Travis · CIK 0001860232 · EVP - Operations

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 87,805

Underlying: Common Stock · 5,354 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: Total includes unvested RSUs from the following grants: 9,615 RSUs granted on March 1, 2023 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on March 1, 2024; 62,292 RSUs granted on February 24, 2022 which vest in four equal installments on each of the first four anniversaries of the grant date beginning on February 24, 2023; 47,619 RSUs granted on February 25, 2021 which vest 50% on the second anniversary of the grant date and the remaining 50% on the third anniversary of the grant date; 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; and 9,234 RSUs 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. Awards are subject to the terms of the respective RSU award agreements and subject to the Target Hospit

F3 · derivative.expiration_date: Total includes unvested RSUs from the following grants: 9,615 RSUs granted on March 1, 2023 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on March 1, 2024; 62,292 RSUs granted on February 24, 2022 which vest in four equal installments on each of the first four anniversaries of the grant date beginning on February 24, 2023; 47,619 RSUs granted on February 25, 2021 which vest 50% on the second anniversary of the grant date and the remaining 50% on the third anniversary of the grant date; 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; and 9,234 RSUs 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. Awards are subject to the terms of the respective RSU award agreements and subject to the Target Hospit

F3 · balance_after: Total includes unvested RSUs from the following grants: 9,615 RSUs granted on March 1, 2023 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on March 1, 2024; 62,292 RSUs granted on February 24, 2022 which vest in four equal installments on each of the first four anniversaries of the grant date beginning on February 24, 2023; 47,619 RSUs granted on February 25, 2021 which vest 50% on the second anniversary of the grant date and the remaining 50% on the third anniversary of the grant date; 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; and 9,234 RSUs 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. Awards are subject to the terms of the respective RSU award agreements and subject to the Target Hospit

SEC source: 0001567619-23-004591 · doc1.xml · nonDerivative · entry 2

Kelley John Travis · CIK 0001860232 · EVP - Operations

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 51,683

F2 · price: Restricted stock units withheld for payment of tax liability upon vesting of 5,354 RSUs on 03/04/2023. Stock price reflects closing stock price as of March 3, 2023, the last business day prior to vest..

SEC source: 0001567619-23-004591 · doc1.xml · nonDerivative · entry 1

Kelley John Travis · CIK 0001860232 · EVP - Operations

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 52,986

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: 0001567619-23-004592 · doc1.xml · derivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 76,538

Underlying: Common Stock · 5,354 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: Total includes unvested RSUs from the following grants: 7,692 RSUs granted on March 1, 2023 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on March 1, 2024; 49,834 RSUs granted on February 24, 2022 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on February 24, 2023; 47,619 RSUs granted on February 25, 2021 which vest 50% on the second anniversary of the grant date and the remaining 50% on the third anniversary of the grant date; 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; and 9,234 RSUs 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. Awards are subject to the terms of the respective RSU award agreements and subject to the Target

F3 · derivative.expiration_date: Total includes unvested RSUs from the following grants: 7,692 RSUs granted on March 1, 2023 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on March 1, 2024; 49,834 RSUs granted on February 24, 2022 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on February 24, 2023; 47,619 RSUs granted on February 25, 2021 which vest 50% on the second anniversary of the grant date and the remaining 50% on the third anniversary of the grant date; 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; and 9,234 RSUs 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. Awards are subject to the terms of the respective RSU award agreements and subject to the Target

F3 · balance_after: Total includes unvested RSUs from the following grants: 7,692 RSUs granted on March 1, 2023 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on March 1, 2024; 49,834 RSUs granted on February 24, 2022 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on February 24, 2023; 47,619 RSUs granted on February 25, 2021 which vest 50% on the second anniversary of the grant date and the remaining 50% on the third anniversary of the grant date; 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; and 9,234 RSUs 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. Awards are subject to the terms of the respective RSU award agreements and subject to the Target

SEC source: 0001567619-23-004592 · doc1.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 77,664

F2 · price: Restricted stock units withheld for payment of tax liability upon vesting of 5,354 RSUs on 03/04/2023. Stock price reflects closing stock price as of March 3, 2023, the last business day prior to vest.

SEC source: 0001567619-23-004592 · doc1.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 78,967

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: 0001567619-23-004593 · doc1.xml · derivative · entry 5

Vlacich Jason Paul · CIK 0001763039 · Chief Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 76,538

Underlying: Common Stock · 5,354 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: Total includes unvested RSUs from the following grants: 7,692 RSUs granted on March 1, 2023 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on March 1, 2024; 49,834 RSUs granted on February 24, 2022 which vest in four equal installments on each of the first four anniversaries of the grant date beginning on February 24, 2023; 47,619 RSUs granted on February 25, 2021 which vest 50% on the second anniversary of the grant date and the remaining 50% on the third anniversary of the grant date; 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; and 9,234 RSUs 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. Awards are subject to the terms of the respective RSU award agreements and subject to the Target Hospit

F3 · derivative.expiration_date: Total includes unvested RSUs from the following grants: 7,692 RSUs granted on March 1, 2023 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on March 1, 2024; 49,834 RSUs granted on February 24, 2022 which vest in four equal installments on each of the first four anniversaries of the grant date beginning on February 24, 2023; 47,619 RSUs granted on February 25, 2021 which vest 50% on the second anniversary of the grant date and the remaining 50% on the third anniversary of the grant date; 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; and 9,234 RSUs 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. Awards are subject to the terms of the respective RSU award agreements and subject to the Target Hospit

F3 · balance_after: Total includes unvested RSUs from the following grants: 7,692 RSUs granted on March 1, 2023 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on March 1, 2024; 49,834 RSUs granted on February 24, 2022 which vest in four equal installments on each of the first four anniversaries of the grant date beginning on February 24, 2023; 47,619 RSUs granted on February 25, 2021 which vest 50% on the second anniversary of the grant date and the remaining 50% on the third anniversary of the grant date; 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; and 9,234 RSUs 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. Awards are subject to the terms of the respective RSU award agreements and subject to the Target Hospit

SEC source: 0001567619-23-004593 · doc1.xml · nonDerivative · entry 2

Vlacich Jason Paul · CIK 0001763039 · Chief Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 50,248

F2 · price: Restricted stock units withheld for payment of tax liability upon vesting of 5,354 RSUs on 03/04/2023. Stock price reflects closing stock price as of March 3, 2023, the last business day prior to vest.

SEC source: 0001567619-23-004593 · doc1.xml · nonDerivative · entry 1

Vlacich Jason Paul · CIK 0001763039 · Chief Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 51,551

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: 0001567619-23-004587 · doc1.xml · derivative · entry 3

Kalamaras Eric · CIK 0001472318 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 234,906

Underlying: Common Stock · 16,060 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: Total includes unvested RSUs from the following grants: 23,077 RSUs granted on March 1, 2023 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on March 1, 2024; 149,502 RSUs granted on February 24, 2022 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on February 24, 2023; 142,857 RSUs granted on February 25, 2021 which vest 50% on the second anniversary of the grant date and the remaining 50% on the third anniversary of the grant date; 64,240 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; and 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. Awards are subject to the terms of the respective RSU award agree

F3 · derivative.expiration_date: Total includes unvested RSUs from the following grants: 23,077 RSUs granted on March 1, 2023 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on March 1, 2024; 149,502 RSUs granted on February 24, 2022 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on February 24, 2023; 142,857 RSUs granted on February 25, 2021 which vest 50% on the second anniversary of the grant date and the remaining 50% on the third anniversary of the grant date; 64,240 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; and 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. Awards are subject to the terms of the respective RSU award agree

F3 · balance_after: Total includes unvested RSUs from the following grants: 23,077 RSUs granted on March 1, 2023 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on March 1, 2024; 149,502 RSUs granted on February 24, 2022 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on February 24, 2023; 142,857 RSUs granted on February 25, 2021 which vest 50% on the second anniversary of the grant date and the remaining 50% on the third anniversary of the grant date; 64,240 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; and 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. Awards are subject to the terms of the respective RSU award agree

SEC source: 0001567619-23-004587 · doc1.xml · nonDerivative · entry 2

Kalamaras Eric · CIK 0001472318 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 237,657

F2 · price: Restricted stock units withheld for payment of tax liability upon vesting of 16,060 RSUs on 03/04/2023. Stock price reflects closing stock price as of March 3, 2023, the last business day prior to vest.

SEC source: 0001567619-23-004587 · doc1.xml · nonDerivative · entry 1

Kalamaras Eric · CIK 0001472318 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 241,567

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: 0001567619-23-004589 · doc1.xml · derivative · entry 3

Schrenk Troy C. · CIK 0001763047 · Chief Commercial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 151,188

Underlying: Common Stock · 5,354 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: Total includes unvested RSUs from the following grants: 15,385 RSUs granted on March 1, 2023 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on March 1, 2024; 99,668 RSUs granted on February 24, 2022 which vest in four equal installments on each of the first four anniversaries of the grant date beginning on February 24, 2023; 95,238 RSUs granted on February 25, 2021 which vest 50% on the second anniversary of the grant date and the remaining 50% on the third anniversary of the grant date; 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; and 32,318 RSUs 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. Awards are subject to the terms of the respective RSU award agreements and subject to the Target Hosp

F3 · derivative.expiration_date: Total includes unvested RSUs from the following grants: 15,385 RSUs granted on March 1, 2023 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on March 1, 2024; 99,668 RSUs granted on February 24, 2022 which vest in four equal installments on each of the first four anniversaries of the grant date beginning on February 24, 2023; 95,238 RSUs granted on February 25, 2021 which vest 50% on the second anniversary of the grant date and the remaining 50% on the third anniversary of the grant date; 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; and 32,318 RSUs 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. Awards are subject to the terms of the respective RSU award agreements and subject to the Target Hosp

F3 · balance_after: Total includes unvested RSUs from the following grants: 15,385 RSUs granted on March 1, 2023 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on March 1, 2024; 99,668 RSUs granted on February 24, 2022 which vest in four equal installments on each of the first four anniversaries of the grant date beginning on February 24, 2023; 95,238 RSUs granted on February 25, 2021 which vest 50% on the second anniversary of the grant date and the remaining 50% on the third anniversary of the grant date; 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; and 32,318 RSUs 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. Awards are subject to the terms of the respective RSU award agreements and subject to the Target Hosp

SEC source: 0001567619-23-004589 · doc1.xml · nonDerivative · entry 2

Schrenk Troy C. · CIK 0001763047 · Chief Commercial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 87,187

F2 · price: Restricted stock units withheld for payment of tax liability upon vesting of 5,354 RSUs on 03/04/2023. Stock price reflects closing stock price as of March 3, 2023, the last business day prior to vest.

SEC source: 0001567619-23-004589 · doc1.xml · nonDerivative · entry 1

Schrenk Troy C. · CIK 0001763047 · Chief Commercial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 89,293

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: 0001567619-23-004584 · doc1.xml · derivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 401,924

Underlying: Common Stock · 26,767 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: Total includes unvested RSUs from the following grants: 57,692 RSUs granted on March 1, 2023 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on March 1, 2024; 249,169 RSUs granted on February 24, 2022 which vest in four equal installments on each of the first four anniversaries of the grant date beginning on February 24, 2023; 238,095 RSUs granted on February 25, 2021 which vest 50% on the second anniversary of the grant date and the remaining 50% on the third anniversary of the grant date; 107,067 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; and 46,169 RSUs 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. Awards are subject to the terms of the respective RSU award agreements and subject to the Target

F3 · derivative.expiration_date: Total includes unvested RSUs from the following grants: 57,692 RSUs granted on March 1, 2023 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on March 1, 2024; 249,169 RSUs granted on February 24, 2022 which vest in four equal installments on each of the first four anniversaries of the grant date beginning on February 24, 2023; 238,095 RSUs granted on February 25, 2021 which vest 50% on the second anniversary of the grant date and the remaining 50% on the third anniversary of the grant date; 107,067 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; and 46,169 RSUs 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. Awards are subject to the terms of the respective RSU award agreements and subject to the Target

F3 · balance_after: Total includes unvested RSUs from the following grants: 57,692 RSUs granted on March 1, 2023 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on March 1, 2024; 249,169 RSUs granted on February 24, 2022 which vest in four equal installments on each of the first four anniversaries of the grant date beginning on February 24, 2023; 238,095 RSUs granted on February 25, 2021 which vest 50% on the second anniversary of the grant date and the remaining 50% on the third anniversary of the grant date; 107,067 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; and 46,169 RSUs 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. Awards are subject to the terms of the respective RSU award agreements and subject to the Target

SEC source: 0001567619-23-004584 · doc1.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,356,018

F2 · price: Restricted stock units withheld for payment of tax liability upon vesting of 26,767 RSUs on 03/04/2023. Stock price reflects closing stock price as of March 3, 2023, the last business day prior to vest.

SEC source: 0001567619-23-004584 · doc1.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,366,550

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: 0001567619-23-004593 · doc1.xml · derivative · entry 6

Vlacich Jason Paul · CIK 0001763039 · Chief Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 54,348

Underlying: Common Stock · 54,348 shares

Expires 2031-02-25

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.

F4 · derivative.exercise_date: The Stock Appreciation Rights ("SARs"), reported on this Form 4, represent upon vesting the right to receive payment in cash or stock, at the Issuer's discretion, the amount of the increase from the grant date price and fair market value pursuant to the terms and conditions of the Target Hospitality Corp. 2019 Incentive Award Plan, as amended, and the SAR Award Agreement entered into between the Issuer and the Reporting Person as of February 25, 2021 (the "SAR Award Agreement"). The SARs vest 50% on the second anniversary of the grant date and the remaining 50% on the third anniversary of the grant date, subject to the terms and conditions of the Target Hospitality Corp. 2019 Incentive Award Plan, as amended and SAR Award Agreement.

SEC source: 0001567619-23-004593 · doc1.xml · nonDerivative · entry 4

Vlacich Jason Paul · CIK 0001763039 · Chief Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 50,248

SEC source: 0001567619-23-004593 · doc1.xml · nonDerivative · entry 3

Vlacich Jason Paul · CIK 0001763039 · Chief Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 104,596

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.

SEC source: 0001567619-23-004373 · doc1.xml · derivative · entry 4

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 54,348

Underlying: Common Stock · 54,348 shares

Expires 2031-02-25

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.

F4 · derivative.exercise_date: The Stock Appreciation Rights ("SARs"), reported on this Form 4, represent upon vesting the right to receive payment in cash or stock, at the Issuer's discretion, the amount of the increase from the grant date price and fair market value pursuant to the terms and conditions of the Target Hospitality Corp. 2019 Incentive Award Plan, as amended, and the SAR Award Agreement entered into between the Issuer and the Reporting Person as of February 25, 2021 (the "SAR Award Agreement"). The SARs vest 50% on the second anniversary of the grant date and the remaining 50% on the third anniversary of the grant date, subject to the terms and conditions of the Target Hospitality Corp. 2019 Incentive Award Plan, as amended and SAR Award Agreement.

SEC source: 0001567619-23-004373 · doc1.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 73,613

SEC source: 0001567619-23-004373 · doc1.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 127,961

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.

SEC source: 0001567619-23-004370 · doc1.xml · derivative · entry 4

Kalamaras Eric · CIK 0001472318 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 163,044

Underlying: Common Stock · 163,044 shares

Expires 2031-02-25

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.

F4 · derivative.exercise_date: The Stock Appreciation Rights ("SARs"), reported on this Form 4, represent upon vesting the right to receive payment in cash or stock, at the Issuer's discretion, the amount of the increase from the grant date price and fair market value pursuant to the terms and conditions of the Target Hospitality Corp. 2019 Incentive Award Plan, as amended, and the SAR Award Agreement entered into between the Issuer and the Reporting Person as of February 25, 2021 (the "SAR Award Agreement"). The SARs vest 50% on the second anniversary of the grant date and the remaining 50% on the third anniversary of the grant date, subject to the terms and conditions of the Target Hospitality Corp. 2019 Incentive Award Plan, as amended and SAR Award Agreement.

SEC source: 0001567619-23-004370 · doc1.xml · nonDerivative · entry 2

Kalamaras Eric · CIK 0001472318 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 225,507

SEC source: 0001567619-23-004370 · doc1.xml · nonDerivative · entry 1

Kalamaras Eric · CIK 0001472318 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 388,551

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.

SEC source: 0001567619-23-004372 · doc1.xml · derivative · entry 1

Kelley John Travis · CIK 0001860232 · EVP - Operations

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 93,159

Underlying: Common Stock · 9,615 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 1, 2023, the Reporting Person was granted by the Compensation Committee 9,615 RSUs which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning March 1, 2024, 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 1, 2023, the Reporting Person was granted by the Compensation Committee 9,615 RSUs which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning March 1, 2024, 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 9,615 RSUs on March 1, 2023, unvested RSUs from the following grants: 62,292 RSUs granted on February 24, 2022 which vest in four equal installments on each of the first four anniversaries of the grant date beginning on February 24, 2023; 47,619 restricted stock units granted on February 25, 2021 which vest 50% on the second anniversary of the grant date and the remaining 50% on the third anniversary of the grant date; 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; and 9,234 RSUs 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. Awards are subject to the terms of the respective RSU award agreements and subject to the Target Hospitality Corp. 2019 Incentive Award Plan.

SEC source: 0001567619-23-004373 · doc1.xml · derivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 81,892

Underlying: Common Stock · 7,692 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 1, 2023 the Reporting Person was granted by the Compensation Committee 7,692 RSUs which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning March 1, 2024, 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 1, 2023 the Reporting Person was granted by the Compensation Committee 7,692 RSUs which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning March 1, 2024, 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 7,692 RSUs on March 1, 2023, unvested RSUs from the following grants: 49,834 RSUs granted on February 24, 2022 which vest in four annual equal installments on each of the first four anniversaries of the grant date beginning February 24, 2023; 47,619 restricted stock units granted on February 25, 2021 which vest 50% on the second anniversary of the grant date and the remaining 50% on the third anniversary of the grant date; 21,414 restricted stock units granted on March 4, 2020 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning March 4, 2021 and 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 Agreements entered into between the Issuer and the Reporting Person.

SEC source: 0001567619-23-004375 · doc1.xml · derivative · entry 1

Vlacich Jason Paul · CIK 0001763039 · Chief Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 81,892

Underlying: Common Stock · 7,692 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 1, 2023, the Reporting Person was granted by the Compensation Committee 7,692 RSUs which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning March 1, 2024, 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 1, 2023, the Reporting Person was granted by the Compensation Committee 7,692 RSUs which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning March 1, 2024, 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 7,692 RSUs on March 1, 2023, unvested RSUs from the following grants: 49,834 RSUs granted on February 24, 2022 which vest in four equal annual installments on each of the first four anniversaries of the grant beginning February 24, 2023; 47,619 restricted stock units granted on February 25, 2021 which vest 50% on the second anniversary of the grant date and the remaining 50% on the third anniversary of the grant date; 21,414 restricted stock units granted on March 4, 2020 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning March 4, 2021 and 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 Agreements entered into between the Issuer and the Reporting Person.

SEC source: 0001567619-23-004370 · doc1.xml · derivative · entry 3

Kalamaras Eric · CIK 0001472318 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 250,966

Underlying: Common Stock · 23,077 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 1, 2023, the Reporting Person was granted by the Compensation Committee 23,077 RSUs which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on March 1, 2024, 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 1, 2023, the Reporting Person was granted by the Compensation Committee 23,077 RSUs which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on March 1, 2024, 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 23,077 RSUs on March 1, 2023, unvested RSUs from the following grants: 149,502 RSUs granted on February 24, 2022 which vest in four equal installments on each of the first four anniversaries of the grant date beginning February 24, 2023; 142,857 restricted stock units granted on February 25, 2021 which vest 50% on the second anniversary of the grant date and the remaining 50% on the third anniversary of the grant date; 64,240 restricted stock units granted on March 4, 2020 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning March 4, 2021 and 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 Agreements entered into between the Issuer and the Reporting Person.

SEC source: 0001567619-23-004371 · doc1.xml · derivative · entry 1

Schrenk Troy C. · CIK 0001763047 · Chief Commercial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 156,542

Underlying: Common Stock · 15,385 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 1, 2023, the Reporting Person was granted by the Compensation Committee 15,385 RSUs which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning March 1, 2024, 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 1, 2023, the Reporting Person was granted by the Compensation Committee 15,385 RSUs which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning March 1, 2024, 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 15,385 RSUs on March 1, 2023, unvested RSUs from the following grants: 99,668 RSUs granted on February 24, 2022 which vest in four equal installments on each of the first four anniversaries of the grant date beginning February 24, 2023; 95,238 restricted stock units granted on February 25, 2021 which vest 50% on the second anniversary of the grant date and the remaining 50% on the third anniversary of the grant date; 21,414 restricted stock units granted on March 4, 2020 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning March 4, 2021 and 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 Agreements entered into between the Issuer and the Reporting Person.

SEC source: 0001567619-23-004369 · doc1.xml · derivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 428,691

Underlying: Common Stock · 57,692 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 1, 2023, the Reporting Person was granted by the Compensation Committee 57,692 restricted stock units which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning March 1, 2024, 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 1, 2023, the Reporting Person was granted by the Compensation Committee 57,692 restricted stock units which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning March 1, 2024, 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 57,692 RSUs on March 1, 2023, unvested RSUs from the following grants: 249,169 RSUs granted on February 24, 2022 which vest in four equal installments on each of the first four anniversaries of the grant date beginning February 24, 2023; 238,095 restricted stock units granted on February 25, 2021 which vest 50% on the second anniversary of the grant date and the remaining 50% on the third anniversary of the grant date; 107,067 restricted stock units granted on March 4, 2020 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning March 4, 2021 and 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 Agreements entered into between the Issuer and the Reporting Person.

SEC source: 0001567619-23-003915 · doc1.xml · derivative · entry 9

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 271,739

Underlying: Common Stock · 271,739 shares

Expires 2031-02-25

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.

F4 · derivative.exercise_date: The Stock Appreciation Rights ("SARs"), reported on this Form 4, represent upon exercise the right to receive payment in cash or stock, at the Issuer's discretion, the amount of the increase from the grant date price and fair market value pursuant to the terms and conditions of the Target Hospitality Corp. 2019 Incentive Award Plan, as amended, and the SAR Award Agreement entered into between the Issuer and the Reporting Person as of February 25, 2021 (the "SAR Award Agreement"). The SARs vest 50% on the second anniversary of the grant date and the remaining 50% on the third anniversary of the grant date, subject to the terms and conditions of the Target Hospitality Corp. 2019 Incentive Award Plan, as amended and SAR Award Agreement.

SEC source: 0001567619-23-003915 · doc1.xml · nonDerivative · entry 6

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,339,783

SEC source: 0001567619-23-003915 · doc1.xml · nonDerivative · entry 5

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,611,522

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.