Jimmerson Martin L. 4

What Happened

• Martin L. Jimmerson, a director of Target Hospitality Corp. (TH), had a derivative conversion/exercise affecting 16,061 shares on May 21, 2026 and was also granted 7,597 Restricted Stock Units (RSUs) the same date.
• The Form 4 shows the 16,061-share derivative conversion/exercise reported with $0.00 price (no cash amount reported) and a separate grant of 7,597 RSUs at $0.00. The filing does not report a cash sale of shares tied to the conversion.
• These events appear to reflect the vesting/conversion of previously awarded RSUs and a new RSU award; purchases (cash outlay) were not reported.

Key Details

• Transaction date: May 21, 2026; Form 4 filed May 26, 2026 (appears later than the typical 2-business-day deadline).
• Converted/exercised derivative: 16,061 shares; price shown as $0.00 on the filing (no cash value reported).
• New award: 7,597 RSUs granted; price shown as $0.00.
• Footnotes: F1 — each RSU equals a contingent right to receive one share (or cash) upon vesting. F2 — the 16,061 RSUs were originally granted May 22, 2025 and were subject to vesting (see footnote). F3 — the 7,597 RSUs were granted May 21, 2026 and vest later (see footnote).
• Shares owned after the transactions: not disclosed on the provided summary of the Form 4.
• Filing timeliness: filed 5 days after the reported transactions (may be late relative to the standard 2-business-day Form 4 rule).

Context

• RSUs are contingent awards that convert into shares (or cash) upon vesting; the filing shows conversion/exercise activity for vested RSUs rather than an open-market purchase or sale.
• No immediate open-market sale or cash proceeds are reported in this filing, so this is not a reported insider sale event.
• These types of awards and vesting events are common for directors as part of compensation; they are informational rather than direct buy/sell signals.