TARGET HOSPITALITY CORP

Ticker: TH CUSIP: 87615L107 Class: Common Stock

Philadelphia Financial Management of San Francisco, LLC's Holding History (CIK: 0001351407)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 3,304,424 Value ($000) $26,468 Avg Close $7.59 Range $5.97 - $8.95

Q3 2025

Shares 2,497,669 Value ($000) $21,180 Avg Close $8.24 Range $7.05 - $9.22

Q2 2025

Shares 2,010,780 Value ($000) $14,317 Avg Close $6.95 Range $6.05 - $7.64

Q1 2025

Shares 1,738,716 Value ($000) $11,441 Avg Close $8.03 Range $4.00 - $11.10

Q1 2023

Shares 869,123 Value ($000) $11,420 Avg Close $16.00 Range $12.80 - $18.48

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	3,304,424	$26,468	$7.59	$5.97 - $8.95
Q3 2025	2,497,669	$21,180	$8.24	$7.05 - $9.22
Q2 2025	2,010,780	$14,317	$6.95	$6.05 - $7.64
Q1 2025	1,738,716	$11,441	$8.03	$4.00 - $11.10
Q1 2023	869,123	$11,420	$16.00	$12.80 - $18.48