Form 4: Target Hospitality EVP Sells 9,000 Shares

Target Hospitality's EVP, General Counsel & Secretary, Heidi Diane Lewis, sold 9,000 shares of common stock for a weighted average price of $7.09 per share.

Summary

• Heidi Diane Lewis, Executive Vice President, General Counsel & Secretary of Target Hospitality Corp. (TH), reported a sale of common stock.
• The transaction involved the disposition of 9,000 shares of common stock, par value $0.0001 per share.
• The sale occurred on October 20, 2025, at a weighted average price of $7.09 per share.
• The shares were sold in multiple transactions with prices ranging from $7.00 to $7.18, inclusive.
• This sale was executed pursuant to a Rule 10b5-1 trading plan, which was established on June 12, 2025.
• Following this transaction, Heidi Diane Lewis beneficially owns 163,198 shares of Target Hospitality Corp. common stock directly.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the sale was conducted under a pre-arranged 10b5-1 plan, indicating a scheduled personal financial transaction rather than a reaction to new company-specific news.

Negatives

• An insider sale, even under a pre-arranged plan, reduces the direct ownership stake of a key executive in the company.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing pertains to an individual insider transaction and does not provide information directly related to broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders may note the reduction in direct insider ownership, although the pre-planned nature of the sale typically mitigates negative interpretations.

Key Dates

Keywords

Target Hospitality Corp, TH, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, Executive Compensation, Common Stock