TH Target Hospitality

• $2.4M bought by 3 insiders
• $202M sold by 1 insider outside a trading plan
• $241K sold by 1 insider under 10b5-1 plans

1. Insider
   Trade
   Value
   Traded, filed
2. TDR Capital II Investments LP 10% owner, +9 joint filers
   Sale
   $202M 11M shares at $18.40 40% of stake
   Traded Oct 1 Filed Oct 5
   ↗
3. Troy C. Schrenk Chief Commercial Officer
   Buy
   $125K 5,907 shares at $21.16 +2.8% to stake
   Traded Sep 18 Filed Sep 18
   ↗
4. James Bradley Archer CEO
   Buy
   $250K 13,385 shares at $18.69 +0.7% to stake
   Traded Sep 15 Filed Sep 16
   ↗
5. Heidi Diane Lewis EVP, General Counsel & Sec
   Planned sale
   $66K 9,000 shares at $7.34 6.4% of stake
   Traded Jan 20 Filed Jan 22
   ↗
6. Heidi Diane Lewis EVP, General Counsel & Sec
   Planned sale
   $114K 13,456 shares at $8.50 8.7% of stake
   Traded Dec 15, 2025 Filed Dec 17, 2025
   ↗
7. Stephen Robertson Director
   Buy
   $993K 125,000 shares at $7.94 +39% to stake
   Traded Dec 3, 2025 Filed Dec 4, 2025
   ↗
8. Heidi Diane Lewis EVP, General Counsel & Sec
   Planned sale
   $60K 9,000 shares at $6.70 5.5% of stake
   Traded Nov 17, 2025 Filed Nov 19, 2025
   ↗
9. Stephen Robertson Director
   Buy
   $993K 145,000 shares at $6.85 +83% to stake
   Traded Nov 17, 2025 Filed Nov 19, 2025
   ↗
10. Heidi Diane Lewis EVP, General Counsel & Sec
    Planned sale
    $64K 9,000 shares at $7.09 5.2% of stake
    Traded Oct 20, 2025 Filed Oct 22, 2025
    ↗

Also filed in the last 12 months, not counted as buying or selling: 28 option exercises, 22 other transactions, and 20 share withholdings for taxes.