Matthew E. Acosta - Nov 17, 2022 Form 4 Insider Report for TEAM INC (TISI)

Role: VP & Chief Accounting Officer
Signature: /s/ Matthew E. Acosta
Stock symbol: TISI
Transactions as of: Nov 17, 2022
Transactions value $: $0
Form type: 4
Date filed: 11/21/2022, 10:47 AM
Previous filing: Nov 17, 2022
Next filing: Nov 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TISI	Common Stock	Options Exercise	$0	+1.28K	+44.05%	$0.00	4.19K	Nov 17, 2022	Direct	F1
transaction	TISI	Common Stock	Tax liability	$0	-313	-7.47%	$0.00	3.88K	Nov 17, 2022	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	TISI	Restricted Stock Units	Options Exercise	$0	-1.28K	-33.33%	$0.00	2.56K	Nov 17, 2022	Common Stock	1.28K		Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents vesting of Restricted Stock Units and conversion to Team Common Stock.
F2	Represents Stock Units withheld to satisfy tax obligations.
F3	Each restricted stock unit represents a contingent right to receive one share of TISI Common Stock.
F4	Stock Units vest one-third on 11/17/2022, 11/17/2023 and 11/15/2024, unless earlier terminated in accordance with the Plan. Stock Units will automatically be converted into shares of Common Stock in accordance with the respective vesting schedule.