SCHRENK TROY C. (Chief Commercial Officer) exercised options at TARGET HOSPITALITY CORP.

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 3 exercises

SCHRENK TROY C.

Filed: 3/3/2026ACC: 0001712189-26-000028

InsiderSCHRENK TROY C.CIK 1763047

→

IssuerTARGET HOSPITALITY CORP.CIK 1712189

Officer· Chief Commercial Officer

Since Mar 2019

-5.69K

Net shares

Net seller

$44.3K

Total sold

Open market trades

0B · 0S

Total transactions

23.38K acquired · 29.07K disposed

Non-Derivative Transactions6

Common Stock, par value $0.0001 per share

Direct

M · Option Exercise

+12.28K

Price / share

—

Trade value

—

% of position

6.3%

2/27/2026

193.40K→205.68K

Common Stock, par value $0.0001 per share

Direct

F · Tax Withholding

−2.99K

Price / share

$7.79

Trade value

$23.28K

% of position

1.5%

2/27/2026

205.68K→202.69K

Common Stock, par value $0.0001 per share

Direct

M · Option Exercise

+7.25K

Price / share

—

Trade value

—

% of position

3.6%

3/1/2026

202.69K→209.94K

Common Stock, par value $0.0001 per share

Direct

F · Tax Withholding

−1.76K

Price / share

$7.79

Trade value

$13.75K

% of position

0.8%

3/1/2026

209.94K→208.18K

Common Stock, par value $0.0001 per share

Direct

M · Option Exercise

+3.85K

Price / share

—

Trade value

—

% of position

1.8%

3/1/2026

208.94K→212.79K

Common Stock, par value $0.0001 per share

Direct

F · Tax Withholding

−936.00

Price / share

$7.79

Trade value

$7.29K

% of position

0.4%

3/1/2026

212.02K→211.09K

Total

Net shares

+17.68K

Net value

-$44.33K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock, par value $0.0001 per share Direct	2/27/2026	M · Option Exercise	+12.28K	—	—	6.3%	193.40K	205.68K
Common Stock, par value $0.0001 per share Direct	2/27/2026	F · Tax Withholding	−2.99K	$7.79	$23.28K	1.5%	205.68K	202.69K
Common Stock, par value $0.0001 per share Direct	3/1/2026	M · Option Exercise	+7.25K	—	—	3.6%	202.69K	209.94K
Common Stock, par value $0.0001 per share Direct	3/1/2026	F · Tax Withholding	−1.76K	$7.79	$13.75K	0.8%	209.94K	208.18K
Common Stock, par value $0.0001 per share Direct	3/1/2026	M · Option Exercise	+3.85K	—	—	1.8%	208.94K	212.79K
Common Stock, par value $0.0001 per share Direct	3/1/2026	F · Tax Withholding	−936.00	$7.79	$7.29K	0.4%	212.02K	211.09K
Total			+17.68K		-$44.33K

Derivative Transactions3

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

12.28K shares

−12.28K

Strike price

Held after

106.02K

Exercisable

—

2/27/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

7.25K shares

−7.25K

Strike price

Held after

98.77K

Exercisable

—

3/1/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

3.85K shares

−3.85K

Strike price

Held after

94.92K

Exercisable

—

3/1/2026

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Units Direct	Common Stock12.28K shares	2/27/2026	M · Option Exercise	−12.28K	—	106.02K
Restricted Stock Units Direct	Common Stock7.25K shares	3/1/2026	M · Option Exercise	−7.25K	—	98.77K
Restricted Stock Units Direct	Common Stock3.85K shares	3/1/2026	M · Option Exercise	−3.85K	—	94.92K