What did Engine Capital and its affiliates pay for their Civeo (CVEO) share positions?

The filing reports aggregate purchase prices, including commissions, of $9,695,403 for 409,947 shares held by Engine Capital, $810,516 for 34,285 shares held by Engine Jet, and $881,453 for 37,247 shares held by Engine Lift.

Civeo Corp (CVEO) holder slips under 5% stake in filing update

Q: What percentage of Civeo Corp (CVEO) does the Engine Capital group currently report owning?

The Engine Capital group reports beneficial ownership of 481,479 Civeo shares, representing approximately 4.7% of the 10,336,859 shares outstanding as of July 27, 2026, according to Civeo’s Form 10-Q referenced in the filing.

Q: When did Engine Capital and related parties fall below 5% ownership of Civeo Corp (CVEO)?

The filing states that as of August 21, 2026, the reporting persons ceased to beneficially own 5% or more of Civeo Corp’s outstanding common shares.

Q: How many Civeo (CVEO) shares are directly owned by Engine Capital, L.P., Engine Jet, and Engine Lift?

Engine Capital, L.P. directly owns 409,947 shares (4.0%), Engine Jet Capital, L.P. owns 34,285 shares (0.3%), and Engine Lift Capital, L.P. owns 37,247 shares (0.4%) of Civeo common shares.

Q: How many Civeo (CVEO) shares are outstanding according to this Schedule 13D/A?

The aggregate ownership percentages are based on 10,336,859 Civeo common shares outstanding as of July 27, 2026, as reported in Civeo Corp’s Form 10-Q filed on July 30, 2026.

Q: Who may be deemed to beneficially own Civeo (CVEO) shares through Engine Capital’s structure?

The filing states that Engine Capital Management, Engine Capital Management GP, LLC, Engine Investments, LLC, Engine Investments II, LLC, and Arnaud Ajdler may be deemed to beneficially own some or all of the 481,479 shares held by the Engine funds, while each disclaims beneficial ownership of shares not directly owned.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

SCHEDULE 13D/A

Rhea-AI Filing Summary

Civeo Corp (CVEO) received an amended Schedule 13D (Amendment No. 7) from Engine Capital and related entities updating their ownership in Civeo’s common shares. Based on 10,336,859 shares outstanding as of July 27, 2026, the Engine group reports beneficial ownership of 481,479 shares, or approximately 4.7%.

Engine Capital, L.P. directly owns 409,947 shares (4.0%), Engine Jet Capital, L.P. owns 34,285 shares (0.3%), and Engine Lift Capital, L.P. owns 37,247 shares (0.4%). The filing states that these shares were purchased with working capital, with aggregate purchase prices of $9,695,403, $810,516, and $881,453, respectively, including brokerage commissions.

Engine Capital Management, Engine Capital Management GP, LLC, Engine Investments, LLC, Engine Investments II, LLC, and Arnaud Ajdler may be deemed to beneficially own some or all of these shares through their roles as investment manager, general partners, or managing member. The reporting group discloses that, as of August 21, 2026, they have ceased to beneficially own 5% or more of Civeo’s outstanding shares.

Key Figures

Shares outstanding: 10,336,859 shares Engine group beneficial ownership: 481,479 shares (approximately 4.7%) Engine Capital direct holdings: 409,947 shares (4.0%) +4 more

7 metrics

Shares outstanding 10,336,859 shares Civeo common shares outstanding as of July 27, 2026

Engine group beneficial ownership 481,479 shares (approximately 4.7%) Shares that may be deemed owned in aggregate by Engine Capital entities and Arnaud Ajdler

Engine Capital direct holdings 409,947 shares (4.0%) Shares directly owned by Engine Capital, L.P.

Aggregate purchase price – Engine Capital, L.P. $9,695,403 Total consideration for 409,947 shares, including brokerage commissions

Aggregate purchase price – Engine Jet Capital, L.P. $810,516 Total consideration for 34,285 shares, including brokerage commissions

Aggregate purchase price – Engine Lift Capital, L.P. $881,453 Total consideration for 37,247 shares, including brokerage commissions

Date ceased to own ≥5% August 21, 2026 Date on which reporting persons ceased to beneficially own 5% or more of Civeo shares

Key Terms

beneficially own, sole dispositive power, Schedule 13D, working capital, +1 more

5 terms

beneficially own financial

"may be deemed to beneficially own the 481,479 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.

sole dispositive power financial

"Sole Dispositive Power 481,479.00"

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

"ceased to beneficially own 5% or more of the Shares."

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.

working capital financial

"were 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

"include margin loans made by brokerage firms in the ordinary course of business"

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.

FAQ

What percentage of Civeo Corp (CVEO) does the Engine Capital group currently report owning?

The Engine Capital group reports beneficial ownership of 481,479 Civeo shares, representing approximately 4.7% of the 10,336,859 shares outstanding as of July 27, 2026, according to Civeo’s Form 10-Q referenced in the filing.

How many Civeo (CVEO) shares are directly owned by Engine Capital, L.P., Engine Jet, and Engine Lift?

How many Civeo (CVEO) shares are outstanding according to this Schedule 13D/A?

The aggregate ownership percentages are based on 10,336,859 Civeo common shares outstanding as of July 27, 2026, as reported in Civeo Corp’s Form 10-Q filed on July 30, 2026.

Who may be deemed to beneficially own Civeo (CVEO) shares through Engine Capital’s structure?

The filing states that Engine Capital Management, Engine Capital Management GP, LLC, Engine Investments, LLC, Engine Investments II, LLC, and Arnaud Ajdler may be deemed to beneficially own some or all of the 481,479 shares held by the Engine funds, while each disclaims beneficial ownership of shares not directly owned.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/25/2026 - 08:07 PM Accepted by SEC EDGAR 08/25/2026 - 08:07 PM

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 7)

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)

08/21/2026

(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).

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. 7 to the Schedule 13D filed by the undersigned ("Amendment No. 7"). This Amendment No. 7 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 409,947 Shares beneficially owned by Engine Capital is approximately $9,695,403, including brokerage commissions. The aggregate purchase price of the 34,285 Shares beneficially owned by Engine Jet is approximately $810,516, including brokerage commissions. The aggregate purchase price of the 37,247 Shares beneficially owned by Engine Lift is approximately $881,453, 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 10,336,859 Shares outstanding as of July 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 July 30, 2026. A. Engine Capital As of the date hereof, Engine Capital directly owned 409,947 Shares. Percentage: Approximately 4.0% B. Engine Jet As of the date hereof, Engine Jet directly owned 34,285 Shares. Percentage: 0.3% C. Engine Lift As of the date hereof, Engine Lift directly owned 37,247 Shares. Percentage: 0.4% 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 481,479 Shares owned in the aggregate by Engine Capital, Engine Jet and Engine Lift. Percentage: Approximately 4.7% E. Engine GP Engine GP, as the general partner of Engine Management, may be deemed to beneficially own the 481,479 Shares owned in the aggregate by Engine Capital, Engine Jet and Engine Lift. Percentage: Approximately 4.7% F. Engine Investments Engine Investments, as the general partner of each of Engine Capital and Engine Jet, may be deemed to beneficially own the 444,232 Shares owned in the aggregate by Engine Capital and Engine Jet. Percentage: Approximately 4.3% G. Engine Investments II Engine Investments II, as the general partner of Engine Lift, may be deemed to beneficially own the 37,247 Shares owned by Engine Lift. Percentage: 0.4% 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 481,479 Shares owned in the aggregate by Engine Capital, Engine Jet and Engine Lift. Percentage: Approximately 4.7% 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: 409,947 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 409,947 4. Shared power to dispose or direct the disposition: 0 B. Engine Jet 1. Sole power to vote or direct vote: 34,285 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 34,285 4. Shared power to dispose or direct the disposition: 0 C. Engine Lift 1. Sole power to vote or direct vote: 37,247 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 37,247 4. Shared power to dispose or direct the disposition: 0 D. Engine Management 1. Sole power to vote or direct vote: 481,479 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 481,479 4. Shared power to dispose or direct the disposition: 0 E. Engine GP 1. Sole power to vote or direct vote: 481,479 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 481,479 4. Shared power to dispose or direct the disposition: 0 F. Engine Investments 1. Sole power to vote or direct vote: 444,232 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 444,232 4. Shared power to dispose or direct the disposition: 0 G. Engine Investments II 1. Sole power to vote or direct vote: 37,247 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 37,247 4. Shared power to dispose or direct the disposition: 0 H. Arnaud Ajdler 1. Sole power to vote or direct vote: 481,479 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 481,479 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.

(e)

Item 5(e) is hereby amended and restated as follows: As of August 21, 2026, the Reporting Persons ceased to beneficially own 5% or more of the Shares.

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:	08/25/2026

Engine Jet Capital, L.P.

Signature:	/s/ Arnaud Ajdler
Name/Title:	Arnaud Ajdler, Managing Member of Engine Investments, LLC, its General Partner
Date:	08/25/2026

Engine Lift Capital, LP

Signature:	/s/ Arnaud Ajdler
Name/Title:	Arnaud Ajdler, Managing Member of Engine Investments II, LLC, its General Partner
Date:	08/25/2026

Engine Capital Management, LP

Signature:	/s/ Arnaud Ajdler
Name/Title:	Arnaud Ajdler, Managing Member of Engine Capital Management GP, LLC, its General Partner
Date:	08/25/2026

Engine Capital Management GP, LLC

Signature:	/s/ Arnaud Ajdler
Name/Title:	Arnaud Ajdler, Managing Member
Date:	08/25/2026

Engine Investments, LLC

Signature:	/s/ Arnaud Ajdler
Name/Title:	Arnaud Ajdler, Managing Member
Date:	08/25/2026

Engine Investments II, LLC

Signature:	/s/ Arnaud Ajdler
Name/Title:	Arnaud Ajdler, Managing Member
Date:	08/25/2026

Ajdler Arnaud

Signature:	/s/ Arnaud Ajdler
Name/Title:	Arnaud Ajdler
Date:	08/25/2026

Source: View Original Filing on SEC EDGAR