Nelson M. Haight - Nov 6, 2024 Form 4 Insider Report for TEAM INC (TISI)

Role: Chief Financial Officer
Signature: /s/ Nelson M. Haight
Stock symbol: TISI
Transactions as of: Nov 6, 2024
Transactions value $: $0
Form type: 4
Date filed: 11/8/2024, 11:35 AM
Previous filing: Jun 24, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TISI	Common Stock	Options Exercise		+18.7K	+140.92%		32K	Nov 6, 2024	Direct	F1
transaction	TISI	Common Stock	Tax liability		-6.82K	-21.32%		25.2K	Nov 6, 2024	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		-18.7K	-33.33%		37.4K	Nov 6, 2024	Common Stock	18.7K		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 11/6/2024, 11/6/2025, 11/6/2026, 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.