Tidewater EVP Hudson offloads 5k TDW shares, retains 85.9k

Rhea-AI Filing Summary

Tidewater, Inc. (TDW) – Form 4 insider transaction

Executive Vice President & General Counsel Daniel A. Hudson reported the sale of 5,000 common shares on 07 July 2025 at a weighted-average price of $50.016 per share. The transaction was executed under a previously established Rule 10b5-1 trading plan dated 17 Mar 2025, indicating it was pre-scheduled.

Following the sale, Hudson’s direct holdings total 85,986 shares. No derivative security transactions were reported, and there were no purchases disclosed.

The filing provides no additional information on Tidewater’s operations, earnings, or strategy; it is strictly a disclosure of this single insider sale.

Insights

Corporate Governance Analyst

TL;DR: Small pre-planned insider sale; neutral governance signal.

The Form 4 shows EVP & General Counsel Daniel Hudson sold 5,000 TDW shares (~US$250k) under a 10b5-1 plan. Such plans mitigate concerns about information asymmetry, and the remaining stake (≈86k shares) suggests the executive maintains substantial exposure. Relative to Tidewater’s float, the transaction is immaterial; therefore, I view market impact as neutral.

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Hudson Daniel A.

(Last) (First) (Middle)

842 WEST SAM HOUSTON PARKWAY NORTH

SUITE 400

(Street)

HOUSTON TX 77024

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & GENERAL COUNSEL

3. Date of Earliest Transaction (Month/Day/Year)
07/08/2025

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	07/08/2025		S		5,000(1)	D	$50.016(2)	85,986	D

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. This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 17, 2025.

2. The transaction was executed in multiple trades at prices ranging from $50.00 to $50.08. The price above reflects the weighted average sale price. Upon request from the SEC staff, the issuer, or a security holder of the issuer, the Reporting Person hereby undertakes to provide the requesting party with full information regarding the number of shares and prices at which the transaction was effected.

	/s/ Daniel A. Hudson	07/08/2025
	** 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

How many Tidewater (TDW) shares did Daniel A. Hudson sell?

He sold 5,000 shares of common stock.

What was the average sale price of the TDW shares?

The weighted-average sale price was $50.016 per share.

When did the insider sale occur?

The transaction date was July 8, 2025.

Was the sale made under a Rule 10b5-1 trading plan?

Yes. The Form 4 states the sale was executed under a 10b5-1 plan adopted on March 17, 2025.

How many TDW shares does the executive own after the sale?

After the transaction, Hudson directly owns 85,986 shares.