4/A: TDR Capital II Investments LP Amends Filing on Target Hospitality Corp. Holdings

TDR Capital II Investments LP files an amended statement detailing changes in beneficial ownership of Target Hospitality Corp. securities, including the acquisition of restricted stock units and holdings by related entities.

Summary

• TDR Capital II Investments LP filed an amended Form 4 with the SEC regarding changes in beneficial ownership of Target Hospitality Corp. securities.
• The report details a transaction on May 18, 2024, involving the acquisition of 10,288 restricted stock units (RSUs).
• These RSUs were granted to Stephen Robertson and then transferred to Arrow Holdings S.a r.l.
• The filing also clarifies the indirect ownership of common stock by various entities, including Arrow Holdings S.a r.l. and MFA Global S.a r.l.
• TDR Capital II Investments LP, as the controlling shareholder of Arrow and MFA Holdings, may be deemed the beneficial owner of the securities held by these entities.
• The total number of common stock shares beneficially owned following the reported transaction is 64,613,005.
• Several individuals associated with TDR Capital LLP, including Manjit Dale, Gary Lindsay, and Thomas Mitchell, may also be deemed beneficial owners of the securities.
• The filing includes disclaimers of beneficial ownership by the TDR Persons, except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing changes in beneficial ownership, with no inherent positive or negative sentiment. It's a factual disclosure.

Industry Context

This filing is a routine disclosure related to changes in ownership of a publicly traded company, Target Hospitality Corp. It reflects the ongoing management of equity positions by major shareholders like TDR Capital II Investments LP.

Key Dates