[Form 4] TIDEWATER INC Insider Trading Activity

Rhea-AI Filing Summary

Robert E. Robotti, a director of Tidewater Inc., acquired 570 shares of Tidewater common stock on 10/01/2025 at a reported price of $54.8 per share under the company's Director Stock Election Program, where he elected stock in lieu of cash compensation. Following this transaction, the filing reports aggregate beneficial ownership of 2,239,141 shares across entities and family accounts, including 1,143,117 shares held by The Ravenswood Investment Company, LP and 763,757 shares held by Ravenswood Investments III, L.P., plus other holdings and advisory client positions.

The Form 4 notes that Mr. Robotti may be deemed to beneficially own certain shares through his indirect interests in Robotti & Company Advisors, LLC and Ravenswood entities and through his spouse, but he disclaims ownership except to the extent of any pecuniary interest. The filing is signed and dated 10/03/2025.

Positive

• Director purchased 570 shares through a stock election, indicating alignment with shareholders
• Aggregate beneficial ownership of 2,239,141 shares demonstrates substantial insider exposure via related entities and accounts

Negative

• None.

Insights

Corporate Governance Analyst

Director purchase of 570 shares signals continued director alignment with shareholders.

The purchase of 570 shares at $54.8 via the Director Stock Election Program indicates the director elected stock instead of cash compensation, which typically aligns board members with shareholder interests. The transaction size is modest relative to total holdings but is consistent with routine director compensation elections.

The filing discloses aggregate beneficial ownership of 2,239,141 shares held directly or indirectly by related entities and family accounts. This concentration of holdings shows material insider exposure to Tidewater equity, though the report also includes a formal disclaimer limiting claimed beneficial ownership to pecuniary interest.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

ROBOTTI ROBERT

(Last) (First) (Middle)

125 PARK AVENUE

SUITE 1607

(Street)

NEW YORK NY 10017

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TIDEWATER INC [ TDW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $0.001 Par Value Per Share	10/01/2025		A		570(1)	A	$54.8	2,239,141(2)	I	See Footnote(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents unrestricted shares of the Common Stock, $0.001 par value per share (the "Common Stock"), issued to Mr. Robotti in lieu of certain cash compensation pursuant to his election under the Director Stock Election Program.

2. This amount includes 114,395 shares of the Common Stock directly beneficially owned by the performance-fee paying advisory clients of Robotti & Company Advisors, LLC, an investment adviser registered under the Investment Advisers Act of 1940, as amended ("Robotti Advisors"), 1,143,117 shares of the Common Stock directly beneficially owned by The Ravenswood Investment Company, LP ("RIC"), 763,757 shares of the Common Stock directly beneficially owned by Ravenswood Investments III, L.P. ("RI"), 3,000 shares of the Common Stock directly beneficially owned by Suzanne and Robert Robotti Foundation, Inc. ("Robotti Foundation"), 58,500 shares of the Common Stock directly beneficially owned by Suzanne Robotti ("Su Robotti"), wife of Robert Robotti, and 156,372 shares of the Common Stock, directly beneficially owned by Robert Robotti.

3. Mr. Robotti may be deemed to beneficially own (solely for the purpose of Rule 16a-1(a)(2) under the Securities Exchange Act of 1934, as amended ("Exchange Act")) certain of the shares of Common Stock set forth in this Form 4 through his indirect proportionate ownership of Robotti Advisors, as managing director of Ravenswood Management Company, LLC, which serves as the general partner of RIC and RI and through his marriage to Su Robotti. Mr. Robotti disclaims beneficial ownership of all securities reported herein except to the extent of his pecuniary interest therein, if any.

	/s/ Robert E. Robotti	10/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did the Tidewater (TDDWW) Form 4 report?

The Form 4 reports that Robert E. Robotti acquired 570 shares of Tidewater common stock on 10/01/2025 at $54.8 per share.

How many Tidewater shares does Robert Robotti beneficially own according to the filing?

The filing reports total beneficial ownership of 2,239,141 shares across advisory clients, Ravenswood entities, family accounts, and Mr. Robotti personally.

Why did Mr. Robotti receive the shares?

The shares were issued to Mr. Robotti in lieu of certain cash compensation pursuant to his election under the company's Director Stock Election Program.

Does Mr. Robotti claim direct ownership of all reported shares?

No. The filing states Mr. Robotti may be deemed to beneficially own certain shares through indirect interests and his spouse, and he disclaims ownership except to the extent of any pecuniary interest.

When was the Form 4 signed?

The Form 4 was signed by Robert E. Robotti on 10/03/2025.