Nelson M. Haight - Jun 21, 2023 Form 4 Insider Report for TEAM INC (TISI)

Role
Chief Financial Officer
Signature
/s/ Nelson M. Haight
Stock symbol
TISI
Transactions as of
Jun 21, 2023
Transactions value $
$0
Form type
4
Date filed
6/22/2023, 12:18 PM
Previous filing
Jun 22, 2022
Next filing
Nov 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TISI Common Stock Options Exercise $0 +8.72K $0.00 8.72K Jun 21, 2023 Direct F1
transaction TISI Common Stock Tax liability $0 -2.12K -24.36% $0.00 6.6K Jun 21, 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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.