PATENAUDE PAMELA H. 4

4 · Target Hospitality Corp. · Filed May 26, 2026

AI-generated summary of this filing

Updated May 26, 2026

Target Hospitality (TH) Director Pamela Patenaunde Exercises & Receives RSUs

What Happened

Pamela H. Patenaunde, a director of Target Hospitality Corp. (TH), had a derivative conversion on May 21, 2026 that shows 16,061 shares from a derivative exercised/converted (recorded at $0) and an immediate disposition of 16,061 shares (also recorded at $0). On the same date she was granted 7,597 Restricted Stock Units (RSUs) recorded at $0. These were award/vesting and conversion events, not open-market purchases or sales for cash.

Key Details

Transaction date(s): May 21, 2026 (reported on Form 4 filed May 26, 2026).
Reported prices/values: exercise/conversion and disposition of 16,061 shares recorded at $0; new grant of 7,597 RSUs recorded at $0.
Shares owned after transaction: total holdings after these events are not specified in the excerpted filing.
Footnotes of note:
- F1: Each RSU represents a contingent right to receive one share (or cash equivalent) upon vesting.
- F2: The 16,061 RSUs were originally granted May 22, 2025 and vest in full May 22, 2026 (or earlier at the next annual meeting); delivery subject to the award agreement.
- F3: The 7,597 RSUs were granted May 21, 2026 and vest in full May 21, 2027 (or earlier at the next annual meeting).
Timeliness: The Form 4 was filed May 26, 2026 for transactions dated May 21, 2026. That filing date is later than the typical 2-business-day Form 4 deadline and is therefore marked late in the filing.

Context

These entries involve RSUs (restricted stock units), which are equity awards that convert into shares upon vesting; they are not the same as an open-market buy or sell by the insider.
The $0 amounts are typical for RSU grants/conversions because no cash was paid by the insider; the filing does not specify whether the $0 disposition reflects delivery mechanics (e.g., issuance, transfer or withholding) or another administrative step.
For retail investors: RSU grants and vesting are common compensation for directors and do not by themselves indicate buying or selling sentiment, though they increase potential future share ownership when they vest.

Form 4

Period: 2026-05-21

Director

Transactions

Exercise/Conversion
Common Stock, par value $0.0001 per share
[F1]
2026-05-21+16,061→ 69,375 total
Exercise/Conversion
Restricted Stock Units
[F1][F2]
2026-05-21−16,061→ 0 total
→ Common Stock (16,061 underlying)
Award
Restricted Stock Units
[F1][F3]
2026-05-21+7,597→ 7,597 total
→ Common Stock (7,597 underlying)

Footnotes (3)

[F1]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]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 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.
[F3]On May 21, 2026, the Reporting Person, was granted 7,597 Restricted Stock Units which vest in full on May 21, 2027 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.

Signature

/s/ Heidi D. Lewis, as Attorney in Fact on behalf of Pamela Patenaude|2026-05-26

1 file