Civeo (CVEO) sees Engine Capital report 6.3% ownership stake

Rhea-AI Filing Summary

Civeo Corp received an updated ownership filing as Engine Capital and its affiliated funds amended their Schedule 13D. The group reports beneficial ownership of 686,315 common shares, or approximately 6.3% of Civeo’s 10,943,296 shares outstanding as of April 27, 2026. Engine Capital directly holds 580,117 shares (about 5.3%), while Engine Jet and Engine Lift hold 48,268 shares (0.4%) and 57,930 shares (0.5%), respectively. The filing explains that these shares were acquired using working capital, which can include margin loans, for aggregate purchase prices of about $13.7 million for Engine Capital, $1.14 million for Engine Jet, and $1.37 million for Engine Lift. Several related entities, along with managing partner Arnaud Ajdler, may be deemed to beneficially own the same 686,315 shares, though each expressly disclaims beneficial ownership beyond their direct holdings.

Key Figures

Engine Capital shares: 580,117 shares Engine Jet shares: 48,268 shares Engine Lift shares: 57,930 shares +5 more

8 metrics

Engine Capital shares 580,117 shares Directly owned by Engine Capital, L.P.; approximately 5.3% of class

Engine Jet shares 48,268 shares Directly owned by Engine Jet Capital, L.P.; 0.4% of class

Engine Lift shares 57,930 shares Directly owned by Engine Lift Capital; 0.5% of class

Aggregate Engine group shares 686,315 shares May be deemed beneficially owned by Engine Management and related entities; 6.3% of class

Shares outstanding 10,943,296 shares Civeo common shares outstanding as of April 27, 2026

Engine Capital purchase price $13,704,073 Aggregate cost for 580,117 shares, including brokerage commissions

Engine Jet purchase price $1,139,996 Aggregate cost for 48,268 shares, including brokerage commissions

Engine Lift purchase price $1,369,382 Aggregate cost for 57,930 shares, including brokerage commissions

Key Terms

beneficially own, working capital, margin loans, sole power to vote, +2 more

6 terms

beneficially own financial

"may be deemed to beneficially own the 686,315 Shares owned in the aggregate"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

working capital financial

"purchased with working capital (which may, at any given time, include margin loans)"

Working capital is the money a business has available to cover its daily expenses, like paying bills and buying supplies. It’s like the cash in your wallet that helps you handle everyday costs; having enough ensures the business can operate smoothly without running into money shortages.

margin loans financial

"working capital (which may, at any given time, include margin loans made by brokerage firms)"

Margin loans are loans from a brokerage that let an investor borrow money using their existing stocks, bonds or cash as collateral to buy more securities. They matter because borrowing magnifies both gains and losses—like using a lever to move a heavier load—so small market moves can have outsized effects on your returns; investors also pay interest and risk a margin call, where the broker may force sales if collateral falls below required levels.

sole power to vote financial

"Sole power to vote or direct vote: 686,315"

sole dispositive power financial

"Sole power to dispose or direct the disposition: 686,315"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Schedule 13D regulatory

"The filing of this shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d)"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 6)

Civeo Corp

(Name of Issuer)

Common Shares, no par value

(Title of Class of Securities)

17878Y207

(CUSIP Number)

ANDREW FREEDMAN, ESQ.
OLSHAN FROME WOLOSKY LLP, 1325 Avenue of the Americas
New York, NY, 10019
212-451-2300

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

06/11/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 17878Y207

1

Name of reporting person

ENGINE CAPITAL, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 580,117.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 580,117.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

580,117.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

5.3 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 17878Y207

1

Name of reporting person

Engine Jet Capital, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 48,268.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 48,268.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

48,268.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.4 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 17878Y207

1

Name of reporting person

Engine Lift Capital, LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 57,930.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 57,930.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

57,930.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.5 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 17878Y207

1

Name of reporting person

Engine Capital Management, LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 686,315.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 686,315.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

686,315.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

6.3 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 17878Y207

1

Name of reporting person

Engine Capital Management GP, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 686,315.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 686,315.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

686,315.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

6.3 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 17878Y207

1

Name of reporting person

Engine Investments, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 628,385.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 628,385.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

628,385.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

5.7 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 17878Y207

1

Name of reporting person

Engine Investments II, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 57,930.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 57,930.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

57,930.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.5 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 17878Y207

1

Name of reporting person

Ajdler Arnaud

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

BELGIUM

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 686,315.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 686,315.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

686,315.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

6.3 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Shares, no par value
(b)	Name of Issuer: Civeo Corp
(c)	Address of Issuer's Principal Executive Offices: THREE ALLEN CENTER, 333 CLAY STREET, SUITE 4400, HOUSTON, TEXAS , 77002.
Item 1 Comment: The following constitutes Amendment No. 6 to the Schedule 13D filed by the undersigned ("Amendment No. 6"). This Amendment No. 6 amends the Schedule 13D as specifically set forth herein. Unless otherwise defined herein, all capitalized terms used herein shall have the meanings given to them in the Schedule 13D.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 is hereby amended and restated as follows: The Shares purchased by each of Engine Capital, Engine Jet and Engine Lift were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business). The aggregate purchase price of the 580,117 Shares beneficially owned by Engine Capital is approximately $13,704,073, including brokerage commissions. The aggregate purchase price of the 48,268 Shares beneficially owned by Engine Jet is approximately $1,139,996, including brokerage commissions. The aggregate purchase price of the 57,930 Shares beneficially owned by Engine Lift is approximately $1,369,382, including brokerage commissions.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5(a) is hereby amended and restated as follows: The aggregate percentage of Shares reported owned by each person named herein is based upon 10,943,296 Shares outstanding as of April 27, 2026, which is the total number of Shares outstanding as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 1, 2026. A. Engine Capital As of the date hereof, Engine Capital directly owned 580,117 Shares. Percentage: Approximately 5.3% B. Engine Jet As of the date hereof, Engine Jet directly owned 48,268 Shares. Percentage: 0.4% C. Engine Lift As of the date hereof, Engine Lift directly owned 57,930 Shares. Percentage: 0.5% D. Engine Management Engine Management, as the investment manager of each of Engine Capital, Engine Jet and Engine Lift, may be deemed to beneficially own the 686,315 Shares owned in the aggregate by Engine Capital, Engine Jet and Engine Lift. Percentage: Approximately 6.3% E. Engine GP Engine GP, as the general partner of Engine Management, may be deemed to beneficially own the 686,315 Shares owned in the aggregate by Engine Capital, Engine Jet and Engine Lift. Percentage: Approximately 6.3% F. Engine Investments Engine Investments, as the general partner of each of Engine Capital and Engine Jet, may be deemed to beneficially own the 628,385 Shares owned in the aggregate by Engine Capital and Engine Jet. Percentage: Approximately 5.7% G. Engine Investments II Engine Investments II, as the general partner of Engine Lift, may be deemed to beneficially own the 57,930 Shares owned by Engine Lift. Percentage: 0.5% H. Arnaud Ajdler Mr. Ajdler, as the managing partner of Engine Management and the managing member of each of Engine GP, Engine Investments and Engine Investments II, may be deemed to beneficially own the 686,315 Shares owned in the aggregate by Engine Capital, Engine Jet and Engine Lift. Percentage: Approximately 6.3% The filing of this Schedule 13D shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer that he or it does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein that he or it does not directly own.
(b)	Item 5(b) is hereby amended and restated as follows: A. Engine Capital 1. Sole power to vote or direct vote: 580,117 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 580,117 4. Shared power to dispose or direct the disposition: 0 B. Engine Jet 1. Sole power to vote or direct vote: 48,268 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 48,268 4. Shared power to dispose or direct the disposition: 0 C. Engine Lift 1. Sole power to vote or direct vote: 57,930 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 57,930 4. Shared power to dispose or direct the disposition: 0 D. Engine Management 1. Sole power to vote or direct vote: 686,315 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 686,315 4. Shared power to dispose or direct the disposition: 0 E. Engine GP 1. Sole power to vote or direct vote: 686,315 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 686,315 4. Shared power to dispose or direct the disposition: 0 F. Engine Investments 1. Sole power to vote or direct vote: 628,385 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 628,385 4. Shared power to dispose or direct the disposition: 0 G. Engine Investments II 1. Sole power to vote or direct vote: 57,930 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 57,930 4. Shared power to dispose or direct the disposition: 0 H. Arnaud Ajdler 1. Sole power to vote or direct vote: 686,315 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 686,315 4. Shared power to dispose or direct the disposition: 0
(c)	Item 5(c) is hereby amended and restated as follows: The transactions in the Shares by certain of the Reporting Persons during the past sixty days are set forth on Exhibit 1 attached hereto and are incorporated herein by reference.
Item 7.	Material to be Filed as Exhibits.
	Item 7 is hereby amended to add the following exhibit: 1 - Transactions in Securities

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

ENGINE CAPITAL, L.P.

Signature:	/s/ Arnaud Ajdler
Name/Title:	Arnaud Ajdler, Managing Member of Engine Investments, LLC, its General Partner
Date:	06/15/2026

Engine Jet Capital, L.P.

Signature:	/s/ Arnaud Ajdler
Name/Title:	Arnaud Ajdler, Managing Member of Engine Investments, LLC, its General Partner
Date:	06/15/2026

Engine Lift Capital, LP

Signature:	/s/ Arnaud Ajdler
Name/Title:	Arnaud Ajdler, Managing Member of Engine Investments II, LLC, its General Partner
Date:	06/15/2026

Engine Capital Management, LP

Signature:	/s/ Arnaud Ajdler
Name/Title:	Arnaud Ajdler, Managing Member of Engine Capital Management GP, LLC, its General Partner
Date:	06/15/2026

Engine Capital Management GP, LLC

Signature:	/s/ Arnaud Ajdler
Name/Title:	Arnaud Ajdler, Managing Member
Date:	06/15/2026

Engine Investments, LLC

Signature:	/s/ Arnaud Ajdler
Name/Title:	Arnaud Ajdler, Managing Member
Date:	06/15/2026

Engine Investments II, LLC

Signature:	/s/ Arnaud Ajdler
Name/Title:	Arnaud Ajdler, Managing Member
Date:	06/15/2026

Ajdler Arnaud

Signature:	/s/ Arnaud Ajdler
Name/Title:	Arnaud Ajdler
Date:	06/15/2026

FAQ

What stake in Civeo (CVEO) does Engine Capital and affiliates report?

Engine Capital and its affiliated funds report beneficial ownership of 686,315 Civeo common shares, representing approximately 6.3% of the company’s 10,943,296 shares outstanding as of April 27, 2026, according to the amended Schedule 13D filing.

How many Civeo shares does Engine Capital, L.P. directly own?

Engine Capital, L.P. directly owns 580,117 Civeo common shares. This represents approximately 5.3% of the 10,943,296 shares outstanding as of April 27, 2026, based on figures disclosed in the amended Schedule 13D.

What are the aggregate purchase prices for Civeo shares held by Engine Capital funds?

The filing states Engine Capital’s 580,117 shares cost approximately $13,704,073, Engine Jet’s 48,268 shares about $1,139,996, and Engine Lift’s 57,930 shares about $1,369,382, with amounts including brokerage commissions and funded from working capital that may include margin loans.

How many Civeo shares are outstanding according to the Engine Capital Schedule 13D/A?

The amended filing reports 10,943,296 Civeo common shares outstanding as of April 27, 2026. This outstanding share count comes from Civeo’s Form 10-Q filed on May 1, 2026 and is used to calculate the reporting group’s ownership percentages.

Who is Arnaud Ajdler in relation to the Engine Capital Civeo stake?

Arnaud Ajdler is described as managing partner of Engine Capital Management and managing member of related general partner entities. Through these roles, he may be deemed to beneficially own 686,315 Civeo shares, or about 6.3%, although he and other reporting persons disclaim beneficial ownership beyond direct holdings.