TH SCHEDULE 13D/A: SEC filing

TDR Capital and affiliated reporting persons

Filed with the SEC on Sep 14, 2026 · accession 0000950142-26-002544

TH filed a SCHEDULE 13D/A (schedule 13d/a) with the SEC on Sep 14, 2026. TDR Capital and affiliated reporting persons filed an amended Schedule 13D disclosing beneficial ownership of 29,878,409 shares, or 30.5%, of Target Hospitality Corp.'s common stock. The stock moved -3.6% by the first close after the filing.

Summary of the filing

TDR Capital and affiliated reporting persons filed an amended Schedule 13D disclosing beneficial ownership of 29,878,409 shares, or 30.5%, of Target Hospitality Corp.'s common stock. The filing updates ownership percentages based on 97,929,824 shares outstanding following a stock repurchase.

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Key details

Shares of common stock beneficially owned by TDR Capital reporting persons$29.9M

Shares of common stock beneficially owned by Sapphire Holding and Arrow Holdings$22.7M

Shares of common stock beneficially owned by MFA entities$7.2M

Total shares of common stock outstanding$97.9M

IssuerTarget Hospitality Corp.

Reporting person / managerTDR Capital LLP

Reporting personTDR Capital II Investments L.P.

Reporting personSapphire Holding S.à r.l.

Reporting personArrow Holdings S.à r.l.

Reporting personMFA Holding S.à r.l.

Reporting personMFA Limited Partnership SLP

Reporting personMFA Global S.à r.l.

Founding partner, tdr capitalManjit Dale

Managing partner, tdr capitalGary Lindsay

Managing partner, tdr capitalThomas Mitchell

How TH stock reacted

Close before

$19.25

Sep 11, 2026

First close after

-3.64%

$18.55

5 trading days

+10.08%

$21.19

Since filing

-40.99%

$11.36

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Frequently asked questions

What did TH file with the SEC on Sep 14, 2026?

TH filed a SCHEDULE 13D/A (SEC filing). TDR Capital and affiliated reporting persons filed an amended Schedule 13D disclosing beneficial ownership of 29,878,409 shares, or 30.5%, of Target Hospitality Corp.'s common stock. The filing updates ownership percentages based on 97,929,824 shares outstanding following a stock repurchase.

How do I read a SCHEDULE 13D/A?

A report the company filed with the SEC (the US market regulator). Start with the summary, then the key amounts and names. Compare it with the company’s earlier filings.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A SCHEDULE 13D/A (schedule 13d/a): A report the company filed with the SEC (the US market regulator).

How did TH stock react to this filing?

TH closed at $19.25 before the filing and $18.55 on Sep 14, 2026 (-3.64%). Five trading days later: $21.19 (+10.08%).

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