Company: TH
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001104659-25-032818
Chunk: 77

Company: Target Hospitality Corp.
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 77
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 ​ | ​ | ​                | ​ |          ​ | ​ | ​ | ​ | ​ | ​ | ​     | ​ | ​ |
| ​ | Arrow(7)(13)                                                     | ​ | ​ | ​                | ​ | 48,997,138 | ​ | ​ | ​ | ​ | ​ | 49.6% | ​ | ​ |
| ​ | MFA Global(7)(14)                                                | ​ | ​ | ​                | ​ | 15,628,865 | ​ | ​ | ​ | ​ | ​ | 15.8% | ​ | ​ |
| ​ | Private Capital Management, LLC(15)                              | ​ | ​ | ​                | ​ |  5,933,303 | ​ | ​ | ​ | ​ | ​ | 6.0%  | ​ | ​ |
| ​ | Conversant Capital LLC(16)                                       | ​ | ​ | ​                | ​ |  5,042,960 | ​ | ​ | ​ | ​ | ​ | 5.1%  | ​ | ​ |

* Less than one percent (1) Beneficial ownership is determined in accordance with the rules of the SEC, which generally provide that a person has beneficial ownership of a security if he, she, or it possesses sole or shared voting or investment power over that security, including options or warrants that are currently exercisable or exercisable within 60 days and RSUs that will settle within 60 days. Unless otherwise noted, the business address of each of the stockholders listed is 9320 Lakeside Boulevard, Suite 300, The Woodlands, Texas 77381. (2) Includes 136,632 shares of common stock that Mr. Archer will have the right to acquire within 60 days of the record date through the exercise of stock options. (3) Includes 19,841 shares of common stock that Mr. Vlacich will have the right to acquire within 60 days of the record date through exercise of stock options.

| ​ | 2025proxy statement | ​ | ​ | ​ | 71 | ​ |

TABLE OF CONTENTS SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT (4) According to a Form 4 filed October 12, 2023 on behalf of Mr. Kalamaras. (5) Includes 124,632 shares of common stock that Mr. Schrenk will have the right to acquire within 60 days of the record date