Target Hospitality (TH) SVP logs RSU vesting and tax-share disposals

Q: What role does Mark Schuck hold at Target Hospitality (TH)?

Mark Schuck is identified as Target Hospitality’s SVP, Finance & IR . The Form 4 reports his direct ownership transactions involving restricted stock units and common stock connected to the company’s 2019 Incentive Award Plan and related RSU award agreements.

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Form Type

Rhea-AI Filing Summary

Target Hospitality Corp. SVP, Finance & IR Mark Schuck reported RSU vesting-related transactions. On February 27, 2026 and March 1, 2026, restricted stock units converted into common stock at no cost, reflecting routine equity compensation vesting under the company’s incentive plan.

In connection with these vestings, shares of common stock were also disposed of through tax-withholding transactions at a price of $7.79 per share to cover associated tax liabilities. All transactions are reported as direct ownership and include both newly acquired common shares from RSUs and shares withheld for taxes.

Insider Trade Summary

5,415 shares exercised/converted

Mixed 9 txns

Insider Schuck Mark

Role SVP, Finance & IR

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	1,582	$0.00	--
Exercise	Restricted Stock Units	1,154	$0.00	--
Exercise	Common Stock, par value $0.0001 per share	1,582	$0.00	--
Tax Withholding	Common Stock, par value $0.0001 per share	385	$7.79	$3K
Exercise	Common Stock, par value $0.0001 per share	1,154	$0.00	--
Tax Withholding	Common Stock, par value $0.0001 per share	281	$7.79	$2K
Exercise	Restricted Stock Units	2,679	$0.00	--
Exercise	Common Stock, par value $0.0001 per share	2,679	$0.00	--
Tax Withholding	Common Stock, par value $0.0001 per share	652	$7.79	$5K

Holdings After Transaction: Restricted Stock Units — 22,177 shares (Direct); Common Stock, par value $0.0001 per share — 28,286 shares (Direct)

Footnotes (1)

Each Restricted Stock Unit ("RSU") 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. Restricted stock units withheld for payment of tax liability upon vesting of 2,679 RSUs on February 27, 2026 and 2,736 RSUs on March 1, 2026. Stock price reflects closing stock price as of February 27, 2026 the last trading day prior to vesting. Total includes unvested RSUs from the following grants: 8,671 RSUs granted on February 25, 2026 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning February 25, 2027; 10,714 RSUs granted on February 27, 2025 which vest in four annual installments on each of the first four anniversaries of the grant date beginning on February 27, 2026; 6,329 RSUs granted on February 29, 2024 which vest in four annual installments on each of the first four anniversaries of the grant date beginning on March 1, 2025; and 4,615 RSUs granted on March 1, 2023, which vest in four equal installments on each of the first four anniversaries of the grant date beginning on March 1, 2024. Awards are subject to the terms of the respective RSU award agreements and subject to the Target Hospitality Corp. 2019 Incentive Award Plan, as amended.

Form 4 Insider Transactions: What Each Field Means →

03/03/2026 - 04:35 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Schuck Mark

(Last)

(First)

(Middle)

9320 LAKESIDE BLVD., STE 300

(Street)

THE WOODLANDS

77381

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Target Hospitality Corp. [ TH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	SVP, Finance & IR

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.0001 per share	02/27/2026		M		2,679	A	⁽¹⁾	27,356	D
Common Stock, par value $0.0001 per share	02/27/2026		F		652	D	$7.79⁽²⁾	26,704	D
Common Stock, par value $0.0001 per share	03/01/2026		M		1,582	A	⁽¹⁾	28,286	D
Common Stock, par value $0.0001 per share	03/01/2026		F		385	D	$7.79⁽²⁾	27,901	D
Common Stock, par value $0.0001 per share	03/01/2026		M		1,154	A	⁽¹⁾	29,055	D
Common Stock, par value $0.0001 per share	03/01/2026		F		281	D	$7.79⁽¹⁾	28,774	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	02/27/2026		M			2,679	⁽³⁾	⁽³⁾	Common Stock	2,679	$0	23,759⁽³⁾	D
Restricted Stock Units	⁽¹⁾	03/01/2026		M			1,582	⁽³⁾	⁽³⁾	Common Stock	1,582	$0	22,177⁽³⁾	D
Restricted Stock Units	⁽¹⁾	03/01/2026		M			1,154	⁽³⁾	⁽³⁾	Common Stock	1,154	$0	21,023⁽³⁾	D

Explanation of Responses:

1. Each Restricted Stock Unit ("RSU") 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.

2. Restricted stock units withheld for payment of tax liability upon vesting of 2,679 RSUs on February 27, 2026 and 2,736 RSUs on March 1, 2026. Stock price reflects closing stock price as of February 27, 2026 the last trading day prior to vesting.

3. Total includes unvested RSUs from the following grants: 8,671 RSUs granted on February 25, 2026 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning February 25, 2027; 10,714 RSUs granted on February 27, 2025 which vest in four annual installments on each of the first four anniversaries of the grant date beginning on February 27, 2026; 6,329 RSUs granted on February 29, 2024 which vest in four annual installments on each of the first four anniversaries of the grant date beginning on March 1, 2025; and 4,615 RSUs granted on March 1, 2023, which vest in four equal installments on each of the first four anniversaries of the grant date beginning on March 1, 2024. Awards are subject to the terms of the respective RSU award agreements and subject to the Target Hospitality Corp. 2019 Incentive Award Plan, as amended.

	/s/ Heidi D. Lewis, as Attorney in Fact on behalf of Mark Schuck	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did TH executive Mark Schuck report on this Form 4?

Mark Schuck reported automatic conversion of restricted stock units into Target Hospitality common stock and related tax-withholding dispositions. These transactions reflect equity awards vesting and shares withheld to satisfy tax liabilities, rather than open-market purchases or sales by the executive.

Were the Target Hospitality (TH) insider transactions open-market buys or sells?

No, the transactions were not open-market trades. They consisted of RSUs converting into common stock at no cost and shares disposed of under code F, which indicates stock withheld to pay exercise price or tax liabilities upon vesting of those awards.

What role does Mark Schuck hold at Target Hospitality (TH)?

Mark Schuck is identified as Target Hospitality’s SVP, Finance & IR. The Form 4 reports his direct ownership transactions involving restricted stock units and common stock connected to the company’s 2019 Incentive Award Plan and related RSU award agreements.

How were taxes handled on the TH RSU vesting reported for Mark Schuck?

Taxes were handled through stock withholding. The filing shows common shares disposed of under transaction code F at $7.79 per share, representing delivery of shares to cover tax liabilities from vesting RSUs on specified February and March 2026 dates.

What do the restricted stock units in this TH Form 4 represent?

Each restricted stock unit represents a contingent right to receive one share of Target Hospitality common stock or its cash equivalent upon vesting. The RSUs vest in scheduled annual installments under previously granted awards governed by the company’s 2019 Incentive Award Plan.

Are unvested RSUs included in Mark Schuck’s reported TH holdings?

Yes, the total reported holdings include unvested RSUs from several grants made between 2023 and 2026. These awards vest in four annual installments starting on the first anniversary of each grant date, subject to their RSU agreements and the 2019 Incentive Award Plan.