SEC Form 4
Target Hospitality Corp. (TH) insider trading
In the 12 months to Oct 26, 2026, 2 TH insiders reported open-market sales of $202.6M across 4 filings; 3 insiders bought $2.4M.
Latest filing · Last 12 months · Source: SEC EDGAR · How we count
- Open-market sales
- $202.6M
- 4 filings · 2 insiders
- Open-market purchases
- $2.4M
- 4 filings
- Pre-arranged sales (10b5-1)
- 3 of 4
- $240.7K of $202.6M sold (0%)
Who traded TH, and when
- Purchase
- Sale
- Sale, pre-arranged (10b5-1)
TH daily close from Oct 27, 2025 to Oct 26, 2026, between $6.22 and $21.45, last $14.18. 4 sale and 4 purchase filings by 5 insiders, marked at their filing dates. Manjit Dale, 10% owner: sold $202.4M across 1 filing, first filed Oct 5, 2026, last Oct 5, 2026. Stephen Robertson, Director: bought $2.0M across 2 filings, first filed Nov 19, 2025, last Dec 4, 2025. James Bradley Archer, Director and CEO and President: bought $250.2K across 1 filing, first filed Sep 16, 2026, last Sep 16, 2026. Heidi Diane Lewis, EVP, General Counsel & Sec: sold $240.7K across 3 filings, first filed Nov 19, 2025, last Jan 22, 2026. Troy C. Schrenk, Chief Commercial Officer: bought $125.0K across 1 filing, first filed Sep 18, 2026, last Sep 18, 2026.
Largest mark · tap a row for others
Manjit Dale · 10% owner
Sale $202,400,000
11,000,000 shares at $18.40 avg
Filed Oct 5, 2026 · traded Oct 1
Close on filing date $18.91
Manjit Dale · 10% owner
10% owner
$202.4M soldStephen Robertson · Director
Director
$2.0M boughtJames Bradley Archer · Director and CEO and President
Director and CEO and President
$250.2K boughtHeidi Diane Lewis · EVP, General Counsel & Sec
EVP, General Counsel & Sec
$240.7K soldTroy C. Schrenk · Chief Commercial Officer
Chief Commercial Officer
$125.0K boughtOpen-market trades
8 filings in the last 12 months| Insider | Role | Sold | Bought | Filings | Pre-arranged (10b5-1) | Last filed |
|---|---|---|---|---|---|---|
| Manjit Dale | 10% owner | $202.4M | — | 1 | — | |
| Stephen Robertson | Director | — | $2.0M | 2 | — | |
| James Bradley Archer | Director and CEO and President | — | $250.2K | 1 | — | |
| Heidi Diane Lewis | EVP, General Counsel & Sec | $240.7K | — | 3 | 100% of sales | |
| Troy C. Schrenk | Chief Commercial Officer | — | $125.0K | 1 | — |
| Filed | Insider | Type | Shares | Avg price | Value | Held after | Source |
|---|---|---|---|---|---|---|---|
traded | Manjit Dale 10% owner | Sale | 11,000,000 | $18.40 | $202.4M | 16,226,363 | |
traded | Troy C. Schrenk Chief Commercial Officer | Purchase | 5,907 | $21.16 | $125.0K | 216,995 | |
traded | James Bradley Archer Director and CEO and President | Purchase | 13,385 | $18.69 | $250.2K | 1,845,441 | |
traded | Heidi Diane Lewis EVP, General Counsel & Sec | SalePre-arranged (10b5-1) | 9,000 | $7.34 | $66.1K | 131,742 | |
traded | Heidi Diane Lewis EVP, General Counsel & Sec | SalePre-arranged (10b5-1) | 13,456 | $8.50 | $114.4K | 140,742 | |
traded | Stephen Robertson Director | Purchase | 125,000 | $7.94 | $992.5K | 445,000 | |
traded | Stephen Robertson Director | Purchase | 145,000 | $6.85 | $993.3K | 320,000 | |
traded | Heidi Diane Lewis EVP, General Counsel & Sec | SalePre-arranged (10b5-1) | 9,000 | $6.70 | $60.3K | 154,198 |
GET /stocks/filings/vX/form-4?tickers=TH&filing_date.gte=2025-10-26&sort=filing_date.desc&limit=500{
"status": "OK",
"results": [
{
"tickers": [
"TH"
],
"issuer_cik": "0001712189",
"owner_cik": "0001113203",
"accession_number": "0000950142-26-002685",
"form_type": "4",
"filing_date": "2026-10-05",
"period_of_report": "2026-10-01",
"issuer_name": "Target Hospitality Corp.",
"issuer_trading_symbol": "TH",
"owner_name": "DALE MANJIT",
"is_director": false,
"is_officer": false,
"is_ten_percent_owner": true,
"is_other": false,
"security_type": "non_derivative",
"record_type": "transaction",
"security_title": "Common Stock, par value $0.0001 per share",
"transaction_timeliness": "O",
"aff_10b5_one": false,
"transaction_date": "2026-10-01",
"transaction_code": "S",
"equity_swap_involved": false,
"transaction_shares": 11000000,
"transaction_price_per_share": 18.4,
"transaction_acquired_disposed": "D",
"shares_owned_following_transaction": 16226363,
"transaction_value": 202399999.99999997,
"not_subject_to_section_16": false,
"direct_or_indirect": "I",
"nature_of_ownership": "See footnotes",
"footnotes": [
{
"id": "F1",
"description": "On October 1, 2026, MFA Global S.a r.l. (in liquidation) (\"MFA Global\") and Arrow Holdings S.a r.l. (\"Arrow\") sold an aggregate of 11,000,000 shares of common stock, par value $0.0001 per share of the Issuer (the \"Common Stock\"), in an open market sale at a price per share of $18.40."
},
{
"id": "F2",
"description": "Includes (i) 12,334,735 shares of Common Stock held by Arrow and (ii) 3,891,628 shares of Common Stock held by MFA Global."
},
{
"id": "F3",
"description": "As the controlling shareholder of Arrow, TDR Capital II Investments LP may be deemed the beneficial owner of the securities of the Issuer held by Arrow. Sapphire Holding S.a r.l. is the direct shareholder of Arrow and wholly owned by TDR Capital II Investments LP."
},
{
"id": "F4",
"description": "MFA Holding S.a r.l. (\"MFA Holding\") is the controlling shareholder of MFA Limited Partnership SLP (\"MFA SLP\" and together with MFA Holdings and MFA Global, the \"MFA Entities\"), which is the controlling shareholder of MFA Global. TDR Capital II Investments LP, as the controlling shareholder of MFA Holding, may be deemed the beneficial owner of the securities of the Issuer held by MFA Global. As manager of TDR Capital II Investments LP, TDR Capital LLP may be deemed the beneficial owner of such securities of the Issuer held by Arrow and MFA Global. As a founding partner of TDR Capital LLP, Manjit Dale may be deemed the beneficial owner of such securities of the Issuer held by Arrow and MFA Holding. As managing partners of TDR Capital LLP, Gary Lindsay and Thomas Mitchell may be deemed the beneficial owners of such securities of the Issuer held by Arrow and MFA Holding."
},
{
"id": "F5",
"description": "Each of TDR Capital II Investments LP, TDR Capital LLP, Manjit Dale, Gary Lindsay and Thomas Mitchell (the \"TDR Persons\") may be deemed the beneficial owner of all or a portion of the securities reported herein. Each of the TDR Persons disclaims beneficial ownership of the securities of the Issuer, except to the extent of its or his pecuniary interest therein. The filing of this report shall not be deemed an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or otherwise, the TDR Persons are the beneficial owners of any of the securities reported herein."
}
]
},
{
"tickers": [
"TH"
],
"issuer_cik": "0001712189",
"owner_cik": "0001771172",
"accession_number": "0000950142-26-002685",
"form_type": "4",
"filing_date": "2026-10-05",
"period_of_report": "2026-10-01",
"issuer_name": "Target Hospitality Corp.",
"issuer_trading_symbol": "TH",
"owner_name": "TDR Capital II Investments LP",
"is_director": false,
"is_officer": false,
"is_ten_percent_owner": true,
"is_other": false,
"security_type": "non_derivative",
"record_type": "transaction",
"security_title": "Common Stock, par value $0.0001 per share",
"transaction_timeliness": "O",
"aff_10b5_one": false,
"transaction_date": "2026-10-01",
"transaction_code": "S",
"equity_swap_involved": false,
"transaction_shares": 11000000,
"transaction_price_per_share": 18.4,
"transaction_acquired_disposed": "D",
"shares_owned_following_transaction": 16226363,
"transaction_value": 202399999.99999997,
"not_subject_to_section_16": false,
"direct_or_indirect": "I",
"nature_of_ownership": "See footnotes",
"footnotes": [
{
"id": "F1",
"description": "On October 1, 2026, MFA Global S.a r.l. (in liquidation) (\"MFA Global\") and Arrow Holdings S.a r.l. (\"Arrow\") sold an aggregate of 11,000,000 shares of common stock, par value $0.0001 per share of the Issuer (the \"Common Stock\"), in an open market sale at a price per share of $18.40."
},
{
"id": "F2",
"description": "Includes (i) 12,334,735 shares of Common Stock held by Arrow and (ii) 3,891,628 shares of Common Stock held by MFA Global."
},
{
"id": "F3",
"description": "As the controlling shareholder of Arrow, TDR Capital II Investments LP may be deemed the beneficial owner of the securities of the Issuer held by Arrow. Sapphire Holding S.a r.l. is the direct shareholder of Arrow and wholly owned by TDR Capital II Investments LP."
},
{
"id": "F4",
"description": "MFA Holding S.a r.l. (\"MFA Holding\") is the controlling shareholder of MFA Limited Partnership SLP (\"MFA SLP\" and together with MFA Holdings and MFA Global, the \"MFA Entities\"), which is the controlling shareholder of MFA Global. TDR Capital II Investments LP, as the controlling shareholder of MFA Holding, may be deemed the beneficial owner of the securities of the Issuer held by MFA Global. As manager of TDR Capital II Investments LP, TDR Capital LLP may be deemed the beneficial owner of such securities of the Issuer held by Arrow and MFA Global. As a founding partner of TDR Capital LLP, Manjit Dale may be deemed the beneficial owner of such securities of the Issuer held by Arrow and MFA Holding. As managing partners of TDR Capital LLP, Gary Lindsay and Thomas Mitchell may be deemed the beneficial owners of such securities of the Issuer held by Arrow and MFA Holding."
},
{
"id": "F5",
"description": "Each of TDR Capital II Investments LP, TDR Capital LLP, Manjit Dale, Gary Lindsay and Thomas Mitchell (the \"TDR Persons\") may be deemed the beneficial owner of all or a portion of the securities reported herein. Each of the TDR Persons disclaims beneficial ownership of the securities of the Issuer, except to the extent of its or his pecuniary interest therein. The filing of this report shall not be deemed an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or otherwise, the TDR Persons are the beneficial owners of any of the securities reported herein."
}
]
}
]
}
// trimmed to 2 resultsThe response includes every Form 4 record; this page keeps open-market purchases and sales on common stock and removes duplicate joint-filer rows.
Other insider activity (not market trades) · 70 records
- Option exercises28 records
- Tax withholding20 records
- Other22 records
Reported on Form 4 but not purchases or sales in the market, so not counted in the totals above.
How to read this page
- Open-market purchase or sale
- A buy or sell of the company's stock at market price. Grants, option exercises, shares withheld for tax, gifts and employee stock plan purchases are listed separately and not counted.
- Pre-arranged (10b5-1)
- The insider marked the filing as made under a trading plan set up in advance (SEC Rule 10b5-1). The mark covers the whole filing, and an unmarked filing may still be under a plan.
- Filing date
- Insiders have two business days to report a trade. Totals and the chart use the filing date, when the trade became public.
- Counted once
- When several owners (a fund and its partners, say) report the same trade, it's counted once. Corrected filings replace the originals.
Frequently asked questions
Has Target Hospitality Corp.'s CEO sold stock?
No. James Bradley Archer (CEO) made no open-market sales filed as CEO in the last 12 months.
How current is TH’s insider data?
These are TH Form 4 filings from the last year, refreshed daily. The Massive Form 4 API has the full, continuously updated record.
What counts as an open-market buy or sell?
Only purchases and sales at the market price. Option exercises, grants, gifts, and shares withheld for taxes are reported on Form 4 but are left out of the buy and sell totals.
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Track TH insider trades with your agent
This page joins two Massive endpoints: Form 4 filings and daily prices. Ask an agent to watch for new filings:
Using the Massive API (massive.com/docs/llms.txt), check Form 4 filings for TH every day with transaction_code=P and tell me when an insider files an open-market purchase, with their role, shares, price and the filing link.
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