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Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell.
View the official recordSEC Form 4 — Statement of Changes in Beneficial OwnershipAll the details
Dates, kept separate
Transaction date
Sep 25, 2026
Reporting period
Not applicable
Filed with the SEC
Sep 30, 2026
DirectorIndirect holdingOther
Context
Classification
other
Code J — not an open-market trade
Planned / mechanical clue
None found in footnotes
Only flagged when a footnote says so; never inferred
Source receipt
Record ID
0001104659-26-111947
Filed / recorded
Sep 30, 2026, 12:23 AM UTC
Added to OQRO
Oct 7, 2026, 1:54 PM UTC
Parser
form4-xml-v2
Data quality
Verified: identifiers matched exactly
Issuer
Target Hospitality Corp.
Issuer CIK
1712189
Ticker
TH
Reporting person
Stephen Robertson
Relationship
Director
Security
Common Stock, par value $0.0001 per share
Table
Non-derivative (Table I)
Transaction date
Sep 25, 2026
Transaction code
J
Shares / units
146,741
Acquired / disposed
Acquired (A)
Shares owned after
765,001
Ownership form
Indirect — By Ball LP
Amendment
No
Footnotes from the filing
Represents an in-kind distribution of shares of common stock of the Issuer, par value $0.0001 ("Common Stock"), to partners or members of TDR Capital ("TDR"). The shares were acquired in connection with the election to receive Common Stock in lieu of cash proceeds, without additional consideration, following a secondary offering by MFA Global S.a r.l. ("MFA Global") and Arrow Holdings S.a r.l. ("Arrow"). TDR is the manager of the investment fund that is the ultimate beneficial owner of each of MFA Global and Arrow.
The Reporting Person is the director and controlling stockholder of Halkin Private Capital Limited ("Halkin") and is deemed the ultimate beneficial owner of the shares of Common Stock held by Halkin. Halkin is a director and shareholder of Ball GP, the general partner to Ball LP, in which the Reporting Person is a limited partner and holds a 35.6% ownership interest.
The Reporting Person may be deemed to beneficially own shares of Common Stock distributed to Halkin and a certain number of the shares of Common Stock distributed to Ball LP in connection with the Offering. The Reporting Person disclaims beneficial ownership of the shares of Common Stock held by each of Halkin and Ball LP, except to the extent of his pecuniary interest therein.
Every dated public record OQRO holds about the company from 60 days before to 120 days after, oldest first. It shows what was going on; none of it is a stated reason for the trade.
