Keith D. Tucker - 15 Nov 2023 Form 4 Insider Report for TEAM INC (TISI)

Role: CEO
Signature: /s/ Keith D. Tucker
Issuer symbol: TISI
Transactions as of: 15 Nov 2023
Net transactions value: $0
Form type: 4
Filing time: 17 Nov 2023, 15:25:53 UTC
Previous filing: 08 Nov 2023
Next filing: 21 Nov 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TISI	Common Stock	Options Exercise	$0	+192	+1.1%	$0.000000	18,003	15 Nov 2023	Direct	F1
transaction	TISI	Common Stock	Options Exercise	$0	+112	+0.62%	$0.000000	18,115	15 Nov 2023	Direct	F1
transaction	TISI	Common Stock	Tax liability	$0	-82	-0.45%	$0.000000	18,033	15 Nov 2023	Direct	F2
holding	TISI	Common Stock						815	15 Nov 2023	401-K

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	-192	-100%	$0.000000^*	0	15 Nov 2023	Common Stock	192		Direct	F3, F4
transaction	TISI	Restricted Stock Units	Options Exercise	$0	-112	-100%	$0.000000^*	0	15 Nov 2023	Common Stock	112		Direct	F3, F5

* 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 11/15/2021, 11/15/2022 and 11/15/2023, 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.
F5	Stock Units vest 25% on 11/15/2020, 11/15/2021, 11/15/2022 and 11/15/2023, 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.