Company: TH
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001104659-25-032818
Chunk: 78

Company: Target Hospitality Corp.
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 78
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 through the exercise of stock options. (6) Includes 27,327 shares of common stock that Ms. Lewis will have the right to acquire within 60 days of the record date through the exercise of stock options. (7) TDR Capital is manager of the investment fund which is the ultimate beneficial owner of Arrow and MFA Global S.a r.l. (“MFA Global”). See Notes (13) and (14) below. TDR Capital is run by its board and investment committee which consists of the partners of the firm. As one of the founding partners of TDR Capital, Mr. Robertson may be deemed to beneficially own the securities held by the Arrow and MFA Global through his ability to either vote or direct the vote of such securities or dispose or direct the disposition of such securities, either through his role at TDR Capital, contract, understanding or otherwise. Mr. Robertson disclaims beneficial ownership of such securities, if any, except to the extent of his pecuniary interest in the funds owned or managed by TDR Capital. The reported number also includes 175,000 shares of common stock held directly by Mr. Robertson. (8) Includes 9,965 shares of common stock that Mr. Dorman will have the right to receive within 60 days of the record date through the settlement of RSUs. (9) Includes 9,965 shares of common stock that Mr. Hernandez will have the right to receive within 60 days of the record date through the settlement of RSUs. (10) Includes 9,965 shares of common stock that Mr. Jimmerson will have the right to receive within 60 days of the record date through the settlement of RSUs. (11) Includes 9,965 shares of common stock that Ms. Medler will have the right to receive within 60 days of the record date through the settlement of RSUs. (12) Includes 9,965 shares of common stock that Ms. Patenaude will have the right to receive within 60 days of the record date through the settlement of RSUs. (13) TDR Capital is manager of the investment fund which is the ultimate beneficial owner of Arrow. TDR Capital controls all of Arrow’s voting rights in respect of its investments and no one else has equivalent control over the investments. The investors in Arrow are passive investors (as they are limited partners) and no investor directly or indirectly beneficially owns 20% or more of the shares or voting rights through their investment in Arrow. T