Skip to content
Baker Capital StrategiesMARKETS. FILINGS. PERSPECTIVE.
Powered by THEMA

Baker Capital Strategies

Free Registration

Register for access to news, tools, alerts and reports.

THEMA Basic included at launch.

Use at least 8 characters.

BCS

Changes in Beneficial Ownership · 4/A

Target Hospitality Corp.

THNASDAQEQUITYCurrent

Changes in Beneficial Ownership

Filed Sep 29, 2026Accepted Sep 29, 2026, 4:22 PM EDTFiling CIK 1712189Accession 0001104659-26-111946
Share

Structured filing — 4/A

tm2626583-2_4aseq1.xml

Open full document ↗

Amendment · This filing reports the amendment as submitted.

Filing details

Report period
2026-06-18
Original submission
2026-06-22
Issuer
Target Hospitality Corp.
Issuer CIK
0001712189
Trading symbol
TH

Reporting owner 1

Name
Robertson Stephen
Reporting owner CIK
0001409360
Relationship
Director
Address
9320 LAKESIDE BLVD., STE 300, THE WOODLANDS, TX, 77381

Non-derivative transactions

Non-derivative transactions · 4 reported rows
SecurityTransaction dateCodeAmountA / DPrice (USD)Owned afterOwnershipNature of ownership
Common Stock, par value $0.0001 per share2026-06-18J · Form 4[F1]13,098A[F1]90,482IBy Halkin Private Capital Limited[F2][F3]
Common Stock, par value $0.0001 per share2026-06-18J · Form 4[F1]41,515A[F1]131,997IBy Halkin Private Capital Limited[F2][F3]
Common Stock, par value $0.0001 per share2026-06-18J · Form 4[F1]77,147A[F1]373,740IBy Ball LP[F2][F3]
Common Stock, par value $0.0001 per share2026-06-18J · Form 4[F1]244,520A[F1]618,260IBy Ball LP[F2][F3]
Table key
J · Form 4
Other acquisition or disposition; see explanation
A
Acquired
I
Indirect

Non-derivative holdings

Non-derivative holdings · 1 reported row
SecurityAmount ownedOwnership
Common Stock, par value $0.0001 per share465,950D
Table key
D
Direct

Footnotes

F1
Represents 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.↩ 1↩ 2↩ 3↩ 4↩ 5↩ 6↩ 7↩ 8
F2
The 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.↩ 1↩ 2↩ 3↩ 4
F3
The Reporting Person may be deemed to beneficially own shares of Common Stock distributed to Halkin and a certain number 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.↩ 1↩ 2↩ 3↩ 4

Remarks

This Form 4/A amends the Form 4 filed by the Reporting Person on June 22, 2026 (the "Original Form 4") solely to correct the number of shares of Common Stock distributed to Halkin and Ball LP that the Reporting Person may be deemed to beneficially own, as represented in Column 4 and Column 5 of Table I with respect to the transactions dated June 18, 2026. With respect to the number of shares of Common Stock that the Reporting Person may be deemed to beneficially own in connection with the in-kind distribution to Halkin and Ball LP, the Original Form 4 inadvertently under-reported the number of shares of Common Stock for Halkin by 22,946 and over-reported the number of shares of Common Stock for Ball LP by 26,808, each in the aggregate. Due to an inadvertent administrative error, the original Form 4 filed on June 22, 2026, erroneously indicated that the Date of Earliest Transaction was June 17, 2026, when, as reported in this amendment, the Date of Earliest Transaction was June 18, 2026.

Signature 1

Signed
/s/ Heidi D. Lewis, as Attorney in Fact on behalf of Stephen Robertson
Date
2026-09-29

Company context

Target Hospitality is one of North America’s largest providers of vertically integrated specialty rental modular accommodations and full-service value-added hospitality solutions in the United States. Target builds, owns and operates a customized and growing network of communities for a range of end users through a full suite of value-added solutions including premium catering and food services, maintenance, housekeeping, grounds-keeping, concierge, laundry services, logistics, security, recreational facilities services, community management, and community design and construction.

Current securities

Historical securities (2)

Recent company filings

  1. 4 filingSep 29, 2026
  2. 4/A filingSep 29, 2026
  3. SCHEDULE 13D/A - filed by TDR Capital II Investments LP regarding Target Hospitality Corp.Sep 14, 2026
  4. Other EventsSep 9, 2026
  5. 424B7 filingSep 9, 2026

Privacy choices

BCS measures page use with Google Analytics using regional consent settings. You can change your preference here. Charts and market data remain available.

Essential functions — always available. Security, navigation, registration and remembering these choices.

Audience analytics

Analytics cookies are off by default for visitors Google identifies in the EEA, UK or Switzerland until allowed. Limited measurement without analytics cookies may still occur under those regional defaults.

TradingView charts, quotes and the economic calendar load automatically as page content. TradingView receives network and browser information and may collect its own usage analytics. This choice controls BCS’s Google Analytics only.

Google advertising is not enabled. Direct sponsor links do not load advertising trackers on BCS.

Turning analytics off stops future Google Analytics activity here. It does not erase information already received by the provider. Read the privacy policy.