[Form 4] TIDEWATER INC Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tidewater Inc. director Robert Robotti reported a bona fide gift of 10,000 shares of common stock. The shares were transferred for no consideration, so this was not a market sale or purchase. After the gift, indirect holdings reported for Robotti total 2,229,739 shares of Tidewater common stock.
These indirect holdings include shares beneficially owned by advisory clients of Robotti & Company Advisors, LLC, The Ravenswood Investment Company, LP, Ravenswood Investments III, L.P., Suzanne and Robert Robotti Foundation, Inc., his wife Suzanne Robotti, and shares held in his own name. Robotti disclaims beneficial ownership of all reported securities except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,000 shares gifted
Mixed
1 txn
Insider
ROBOTTI ROBERT
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock, $0.001 Par Value Per Share | 10,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock, $0.001 Par Value Per Share — 2,229,739 shares (Indirect, See Footnote)
Footnotes (1)
- The gift of 10,000 shares of the Common Stock, $0.001 par value per share (the "Common Stock") was for no consideration. 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 146,970 shares of the Common Stock, directly beneficially owned by Robert Robotti. 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.