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Notice of Proposed Sale · 144

Target Hospitality Corp.

THNASDAQEQUITYCurrent

Notice of Proposed Sale

Filed Oct 1, 2026Accepted Oct 1, 2026, 6:59 PM EDTFiling CIK 1766340Accession 0000950142-26-002665
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Structured filing — 144

primary_doc.xml

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Notice of proposed sale. The proposed amounts below do not establish that a sale occurred.

Proposed-sale notice

Issuer
Target Hospitality Corp.
Issuer CIK
0001712189
SEC file number
001-38343
Phone
832-709-2563
Person for whose account securities are to be sold
MFA Global S.a.r.l.
Relationships to issuer
10% Stockholder
Street
9320 LAKESIDE BLVD.
Street (continued)
SUITE 300
City
THE WOODLANDS
State / country code
TX
Postal code
77381

Securities proposed for sale

Securities proposed for sale · 1 reported row
SecurityProposed unitsAggregate market valueUnits outstandingApproximate sale dateExchangeBroker / market maker
Common Stock, par value $0.0001 per share2,638,17148,542,346.4097,929,82410/01/2026NASDAQMorgan Stanley & Co. LLC

Broker / market maker — proposed row 1, entry 1

Name
Morgan Stanley & Co. LLC
Street
1585 Broadway
City
New York
State / country code
NY
Postal code
10036

Acquisition of securities to be sold

Acquisition of securities to be sold · 1 reported row
SecurityAcquiredNature of acquisitionAcquired fromAmount acquiredGift transactionPayment dateNature of payment
Common Stock, par value $0.0001 per share03/15/2019Business combination transactionIssuer2,638,171N03/15/2019Contribution of the equity interests of certain entities as merger consideration.

Sales reported in the preceding three months

Sales reported in the preceding three months · 1 reported row
SellerSecuritySale dateAmount soldGross proceeds
Arrow Holdings S.a r.l.Common Stock, par value $0.0001 per share10/01/20268,361,829153,857,653.60

Seller — prior-sale row 1, entry 1

Name
Arrow Holdings S.a r.l.
Street
25C, Boulevard Royal
City
LUXEMBOURG
State / country code
N4
Postal code
L-2449

Prior-sale reporting

Nothing to report for the preceding three months
N

Remarks

Sales by the Seller of shares of common stock, par value $0.0001 per share, of the Issuer (the "Common Stock") are required to be aggregated by paragraph (e) of Rule 144 with sales of Common Stock by Arrow Holdings S.a.r.l.

Notice signature

Notice date
10/01/2026
Signed
/s/ Evelina Jakstas

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

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