Andre C. Bouchard - Nov 17, 2023 Form 4 Insider Report for TEAM INC (TISI)

Role: Exec VP & Chief Legal Officer
Signature: /s/ Andre C. Bouchard
Stock symbol: TISI
Transactions as of: Nov 17, 2023
Transactions value $: $0
Form type: 4
Date filed: 11/21/2023, 10:22 AM
Previous 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	+513	+3.35%	$0.00	15.8K	Nov 17, 2023	Direct	F1
transaction	TISI	Common Stock	Tax liability	$0	-120	-0.76%	$0.00	15.7K	Nov 17, 2023	Direct	F2
holding	TISI	Common Stock						1.06K	Nov 17, 2023	401K Plan

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	-513	-5%	$0.00	9.74K	Nov 17, 2023	Common Stock	513		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 11/17/2024, 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.