Targa Resources (TRGP)

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-08-21 10b5-1 Pre-arranged Plan: No --- Issuer --- Name: Targa Resources Corp. (TRGP) CIK: 0001389170 --- Reporting Owner --- Name: Davis Waters S IV CIK: 0001645344 Role: Director --- Non-Derivative Transactions --- [Transaction #1] Security: Common Stock Date: 2026-08-21 | Code: S (Open market sale) Shares: -440 | Price: $296.39 Total Value: $130,413.58 Shares Owned After: 3,489 | Ownership: D (Direct) Footnotes: [F1] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $296.05 to $296.87, inclusive. The reporting person undertakes to provide to Targa Resources Corp., any security holder of Targa Resources Corp., or the staff of the United States Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1), (2), (3), (4), (5) and (6) to this Form 4. [Transaction #2] Security: Common Stock Date: 2026-08-21 | Code: S (Open market sale) Shares: -692 | Price: $297.38 Total Value: $205,786.41 Shares Owned After: 2,797 | Ownership: D (Direct) Footnotes: [F2] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $297.24 to $297.54, inclusive. [Transaction #3] Security: Common Stock Date: 2026-08-21 | Code: S (Open market sale) Shares: -254 | Price: $298.68 Total Value: $75,864.95 Shares Owned After: 2,543 | Ownership: D (Direct) Footnotes: [F3] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $298.24 to $298.88, inclusive. [Transaction #4] Security: Common Stock Date: 2026-08-21 | Code: S (Open market sale) Shares: -154 | Price: $300.18 Total Value: $46,226.95 Shares Owned After: 2,389 | Ownership: D (Direct) Footnotes: [F4] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $300.17 to $300.18, inclusive. [Transaction #5] Security: Common Stock Date: 2026-08-21 | Code: S (Open market sale) Shares: -270 | Price: $302.47 Total Value: $81,666.55 Shares Owned After: 2,119 | Ownership: D (Direct) Footnotes: [F5] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $302.11 to $303.07, inclusive. [Transaction #6] Security: Common Stock Date: 2026-08-21 | Code: S (Open market sale) Shares: -590 | Price: $303.81 Total Value: $179,250.38 Shares Owned After: 1,529 | Ownership: D (Direct) Footnotes: [F6] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $303.35 to $304.07, inclusive. --- Holdings --- [Holding #1] Security: Common Stock Ownership: I (Indirect) Footnotes: [F7] These shares are owned by the Waters Davis Legacy Trust, of which Mr. Davis is co-trustee and co-beneficiary. --- Footnotes (Complete Index) --- F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $296.05 to $296.87, inclusive. The reporting person undertakes to provide to Targa Resources Corp., any security holder of Targa Resources Corp., or the staff of the United States Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1), (2), (3), (4), (5) and (6) to this Form 4. F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $297.24 to $297.54, inclusive. F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $298.24 to $298.88, inclusive. F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $300.17 to $300.18, inclusive. F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $302.11 to $303.07, inclusive. F6: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $303.35 to $304.07, inclusive. F7: These shares are owned by the Waters Davis Legacy Trust, of which Mr. Davis is co-trustee and co-beneficiary. --- Signature --- /s/ /s/ Waters S. Davis, IV (2026-08-25)