Michael David Stewart - 24 Oct 2025 Form 3 Insider Report for TEAM INC (TISI)

Reporting relationship: Director
Issuer ticker: TISI
Reported as of: 24 Oct 2025
Net transaction value: $0
SEC form: 3
Accepted by SEC: 03 Nov 2025, 16:30:17 UTC
Next SEC filing: 10 Aug 2026
Source filing: View source filing
Reporting owner signature: /s/ Michael David Stewart

Key filing fact

Michael David Stewart filed Form 3 for TEAM INC (TISI) on 03 Nov 2025.

Key facts

This page summarizes Michael David Stewart's Form 3 filing for TEAM INC (TISI).
0 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 03 Nov 2025, 16:30.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Official SEC source

Ownership activity is grounded in SEC Form 3 disclosures.

View source filing

Reporting Owners (1)

CIK 0002090373 Primary reporting owner

Stewart Michael David

Relationship: Director
Address: 13131 DAIRY ASHFORD, SUITE 600, SUGAR LAND
Signature: /s/ Michael David Stewart
Signature date: 03 Nov 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

TISI holding

Series B Preferred Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 75,000
Date: 24 Oct 2025
Ownership: By InspectionTech Holdings LP
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

TISI holding Derivative

Tranche A Warrants

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date: 24 Oct 2025
Ownership: By InspectionTech Holdings LP
Underlying class: Common Stock
Underlying amount: 982,371
Exercise price: $23.00
Footnotes: F1, F2

TISI holding Derivative

Tranche B Warrants

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date: 24 Oct 2025
Ownership: By InspectionTech Holdings LP
Underlying class: Common Stock
Underlying amount: 470,889
Exercise price: $50.00
Footnotes: F1, F2

TISI holding Derivative

Delayed Draw Preferred Shares (obligation to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date: 24 Oct 2025
Ownership: By InspectionTech Holdings LP
Underlying class: Series B Preferred Stock
Underlying amount: 30,000
Exercise price: $1000.00
Footnotes: F1, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

InspectionTech Holdings LP (the "Stellex SPV") is an affiliate of Stellex Capital Management LLC, of which the Reporting Person is a managing member. As a result of this relationship, the Reporting Person may be deemed to have investment and voting control over the securities held of record by the Stellex SPV.

Footnote F2

The warrants contain provisions preventing exercise if such exercise would result in the Stellex SPV beneficially owning greater than 4.99% of the Common Stock when aggregated with all other shares of Common Stock beneficially owned.

Footnote F3

Upon each issuance of 5,000 Delayed Draw Preferred Shares, the Issuer will issue to Stellex SPV an additional 65,491 Tranche A Warrants (the "Additional Tranche A Warrants") and an additional 31,393 Tranche B Warrants (the "Additional Tranche B Warrants") on substantially similar terms as the warrants reported herein, except that upon each issuance of Delayed Draw Preferred Shares on or after December 10, 2025, any Additional Tranche A Warrants issued shall have an initial exercise price the lesser of (x) $30.00 and (y) 110% of the 30-day volume weighted average price of the Common Stock, subject to adjustments. Any Additional Tranche B Warrants issued shall have an initial exercise price of $50.00 per share, subject to adjustments.

SEC remarks

Exhibit 24 - Power of Attorney.