Company: TH
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001558370-25-010732
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Company: Target Hospitality Corp.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part II, Item 1A
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Item 1A. Risk Factors

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The Company’s financial position, results of operations and cash flows are subject to various risks, many of which are not exclusively within the Company’s control, and which may cause actual performance to differ materially from historical or projected future performance. For additional information about our risk factors, you should carefully consider the risk factors included in the 2024 Form 10-K, which have not materially changed. 

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Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Unregistered Sales of Equity Securities 

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The Company did not sell any securities during the quarter ended June 30, 2025 that were not registered under the Securities Act of 1933, as amended (the "Securities Act").

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Item 3. Defaults upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

Security Trading Plans of Directors and Executive Officers

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During the three months ended June 30, 2025, the following Section 16 officers of the Company adopted a “Rule 10b5-1 trading arrangement” as the term is defined in Item 408(a) of Regulation S-K:

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On June 12, 2025, Heidi D. Lewis, the Company’s Executive Vice President, General Counsel and Secretary, entered into a stock trading plan designed to comply with Rule 10b5-1 under the Securities Exchange Act of 1934. Under the terms of the plan, Ms. Lewis may sell and aggregate 89,972 shares of Common Stock. The plan will terminate on May 31, 2026.

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On June 20, 2025, Troy C. Schrenk, the Company’s Chief Commercial Officer, entered into a stock trading plan designed to comply with Rule 10b5-1 under the Securities Exchange Act of 1934. Under the terms of the plan, Mr. Schrenk may sell and aggregate 258,548 shares of Common Stock. The plan will terminate on April 30, 2026.

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During the three months ended June 30, 2025, no other director of Section 16 officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.

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