SEC Form 4 · accession 0001104659-26-076443
Target Hospitality Corp. · TH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen Robertson
Director
Period of report
Jun 17, 2026
Accepted (ET)
Jun 22, 2026 · 4:53 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001712189
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.0001 per shareF1,F2,F3 | Jun 17, 2026 | J | 31,667 | — | A | 109,051 | I | By Halkin Private Capital Limited |
| Common Stock, par value $0.0001 per shareF1,F2,F3 | Jun 17, 2026 | J | 348,475 | — | A | 655,689 | I | By Ball LP |
| Common Stock, par value $0.0001 per share | holding | — | — | — | 752,397 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents an in-kind distribution of shares of common stock of the Issuer, par value $0.0001 ("Common Stock"), to partners or members of TDR Capital ("TDR"). The shares were acquired in connection with the election to receive Common Stock in lieu of cash proceeds, without additional consideration, following a secondary offering by MFA Global S.a r.l. ("MFA Global") and Arrow Holdings S.a r.l. ("Arrow"). TDR is the manager of the investment fund that is the ultimate beneficial owner of each of MFA Global and Arrow.
- F2The Reporting Person is the director and controlling stockholder of Halkin Private Capital Limited ("Halkin") and is deemed the ultimate beneficial owner of the shares of Common Stock held by Halkin. Halkin is a director and shareholder of Ball GP, the general partner to Ball LP, in which the Reporting Person is a limited partner and holds a 35.6% ownership interest.
- F3The Reporting Person may be deemed to beneficially own shares of Common Stock distributed to Halkin and a pro rata portion of the shares of Common Stock distributed to Ball LP in connection with the Offering. The Reporting Person disclaims beneficial ownership of the shares of Common Stock held by each of Halkin and Ball LP, except to the extent of his pecuniary interest therein.