TH: TDR Capital II Investments LP; Arrow Holdings S.a.r.l.; MFA Holding S.a.r.l.; MFA Limited Partnership SLP; MFA Global S.a.r.l.; TDR Capital LLP; Sapphire Holding S.a r.l.; Lindsay Gary; DALE MANJIT; Mitchell Thomas Andrew discloses securities transactions

By AlphaYouPublished Sep 28, 2026Form 4

Stocks in this disclosure

Reported activity

Reporting filer

TDR Capital II Investments LP; Arrow Holdings S.a.r.l.; MFA Holding S.a.r.l.; MFA Limited Partnership SLP; MFA Global S.a.r.l.; TDR Capital LLP; Sapphire Holding S.a r.l.; Lindsay Gary; DALE MANJIT; Mitchell Thomas Andrew reported Other (see filing) in Target Hospitality Corp.: 2652046 units of Common Stock, par value $0.0001 per share, dated 2026-09-25. The full Form 4 contains 1 transaction entry.

Disclosed: Sep 28, 2026

Reported details

1 entry

All validated entries in this disclosure
Security	Owner	Date	Code	Action	Quantity	Price	Following holdings	Reporting delay	Filed terms and references
Common Stock, par value $0.0001 per share	TDR Capital II Investments LP; Arrow Holdings S.a.r.l.; MFA Holding S.a.r.l.; MFA Limited Partnership SLP; MFA Global S.a.r.l.; TDR Capital LLP; Sapphire Holding S.a r.l.; Lindsay Gary; DALE MANJIT; Mitchell Thomas Andrew	2026-09-25	J	Other (see filing)	2652046	0	27,226,363	3 days	Filed terms security Title: Common Stock, par value $0.0001 per share transaction Date: 2026-09-25 deemed Execution Date: transaction Form Type: 4 transaction Code: J equity Swap Involved: 0 id: F1 transaction Timeliness: transaction Shares: 2652046 transaction Price Per Share: 0 id: F1 transaction Acquired Disposed Code: D shares Owned Following Transaction: 27226363 id: F2 direct Or Indirect Ownership: I nature Of Ownership: See footnotes id: F3 id: F4 id: F5

Common Stock, par value $0.0001 per share

Owner: TDR Capital II Investments LP; Arrow Holdings S.a.r.l.; MFA Holding S.a.r.l.; MFA Limited Partnership SLP; MFA Global S.a.r.l.; TDR Capital LLP; Sapphire Holding S.a r.l.; Lindsay Gary; DALE MANJIT; Mitchell Thomas Andrew
Date: 2026-09-25
Code: J
Action: Other (see filing)
Quantity: 2652046
Price: 0
Following holdings: 27,226,363
Reporting delay: 3 days
Filed terms and references: Filed terms
security Title: Common Stock, par value $0.0001 per share
transaction Date: 2026-09-25
deemed Execution Date:
transaction Form Type: 4
transaction Code: J
equity Swap Involved: 0
id: F1
transaction Timeliness:
transaction Shares: 2652046
transaction Price Per Share: 0
id: F1
transaction Acquired Disposed Code: D
shares Owned Following Transaction: 27226363
id: F2
direct Or Indirect Ownership: I
nature Of Ownership: See footnotes
id: F3
id: F4
id: F5

Purchases, sales, grants and option exercises are different transactions. The reported code identifies the action; it does not establish a motive.

Filing context

Quantities and prices are shown in the units filed. No trade value is inferred from their product.
TDR Capital II Investments LP: 10% owner.
Arrow Holdings S.a.r.l.: 10% owner.
MFA Holding S.a.r.l.: 10% owner.
MFA Limited Partnership SLP: 10% owner.
MFA Global S.a.r.l.: 10% owner.
TDR Capital LLP: 10% owner.
Sapphire Holding S.a r.l.: 10% owner.
Lindsay Gary: 10% owner.
DALE MANJIT: 10% owner.
Mitchell Thomas Andrew: 10% owner.
F1: On September 25, 2026, MFA Global S.a r.l. (in liquidation) ("MFA Global") and Arrow Holdings S.a r.l. ("Arrow") distributed an aggregate of 2,652,046 shares of common stock of the Issuer, par value $0.0001 per share (the "Common Stock") to certain limited partners of MFA Global and Arrow, respectively, for no consideration.
F2: Includes (i) 20,696,564 shares of Common Stock held by Arrow and (ii) 6,529,799 shares of Common Stock held by MFA Global.
F3: 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.
F4: 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.
F5: 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.

Original sources

SEC ownership filing

Prepared automatically from public filing data. Report a correction.

Security

Owner

Date

Code

Action

Quantity

Price

Following holdings

Reporting delay

Filed terms and references

Common Stock, par value $0.0001 per share

2026-09-25

Other (see filing)

2652046

27,226,363

3 days

Filed terms

security Title: Common Stock, par value $0.0001 per share
transaction Date: 2026-09-25
deemed Execution Date:
transaction Form Type: 4
transaction Code: J
equity Swap Involved: 0
id: F1
transaction Timeliness:
transaction Shares: 2652046
transaction Price Per Share: 0
id: F1
transaction Acquired Disposed Code: D
shares Owned Following Transaction: 27226363
id: F2
direct Or Indirect Ownership: I
nature Of Ownership: See footnotes
id: F3
id: F4
id: F5

Filing context

Quantities and prices are shown in the units filed. No trade value is inferred from their product.

TDR Capital II Investments LP: 10% owner.

Arrow Holdings S.a.r.l.: 10% owner.

MFA Holding S.a.r.l.: 10% owner.

MFA Limited Partnership SLP: 10% owner.

MFA Global S.a.r.l.: 10% owner.

TDR Capital LLP: 10% owner.

Sapphire Holding S.a r.l.: 10% owner.

Lindsay Gary: 10% owner.

DALE MANJIT: 10% owner.

Mitchell Thomas Andrew: 10% owner.

F1: On September 25, 2026, MFA Global S.a r.l. (in liquidation) ("MFA Global") and Arrow Holdings S.a r.l. ("Arrow") distributed an aggregate of 2,652,046 shares of common stock of the Issuer, par value $0.0001 per share (the "Common Stock") to certain limited partners of MFA Global and Arrow, respectively, for no consideration.

F2: Includes (i) 20,696,564 shares of Common Stock held by Arrow and (ii) 6,529,799 shares of Common Stock held by MFA Global.

F3: 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.

F4: 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.

F5: 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.