Tidewater (NYSE: TDW) director Robotti gifts 16,932 shares, reports 2.21M stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tidewater Inc. director Robert Robotti reported a bona fide gift of 16,932 shares of Tidewater common stock. The shares were transferred for no consideration and are reported as indirectly owned. After the gift, 2,213,181 shares of common stock are reported as beneficially owned across various related entities and accounts.
These holdings include shares owned by advisory clients of Robotti & Company Advisors, LP interests The Ravenswood Investment Company and Ravenswood Investments III, a family foundation, his spouse, and his own direct holdings. Robotti states he disclaims beneficial ownership of these securities except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
16,932 shares gifted
Mixed
1 txn
Insider
ROBOTTI ROBERT
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock, $0.001 Par Value Per Share | 16,932 | $0.00 | -- |
Holdings After Transaction:
Common Stock, $0.001 Par Value Per Share — 2,213,181 shares (Indirect, See Footnote)
Footnotes (1)
- The gift of 16,932 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 130,412 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.
Key Figures
Gifted shares: 16,932 shares
Shares after transaction: 2,213,181 shares
Advisory client holdings: 114,395 shares
+5 more
8 metrics
Gifted shares
16,932 shares
Bona fide gift of Tidewater common stock at $0.001 par value
Shares after transaction
2,213,181 shares
Total common shares reported as beneficially owned following gift
Advisory client holdings
114,395 shares
Shares held by performance-fee paying advisory clients of Robotti Advisors
Ravenswood Investment Company LP
1,143,117 shares
Common shares directly beneficially owned by RIC
Ravenswood Investments III LP
763,757 shares
Common shares directly beneficially owned by RI
Foundation holdings
3,000 shares
Common shares held by Suzanne and Robert Robotti Foundation, Inc.
Spouse holdings
58,500 shares
Common shares directly beneficially owned by Suzanne Robotti
Personal holdings
130,412 shares
Common shares directly beneficially owned by Robert Robotti
Key Terms
bona fide gift, beneficially owned, Investment Advisers Act of 1940, pecuniary interest, +1 more
5 terms
bona fide gift financial
"The gift of 16,932 shares of the Common Stock ... was for no consideration."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
beneficially owned financial
"This amount includes 114,395 shares of the Common Stock directly beneficially owned ..."
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Investment Advisers Act of 1940 regulatory
"an investment adviser registered under the Investment Advisers Act of 1940, as amended"
A U.S. federal law that sets rules for people and firms who give investment advice, requiring them to register with regulators, be honest about conflicts, keep records, and follow basic standards of care. It matters to investors because those rules act like licensing and consumer protections — similar to having safety standards for a mechanic — helping ensure advisers act in clients’ financial interests and reducing the risk of fraud or misuse of funds.
pecuniary interest financial
"disclaims beneficial ownership of all securities reported herein except to the extent of his pecuniary interest therein"
indirect proportionate ownership financial
"through his indirect proportionate ownership of Robotti Advisors, as managing director of Ravenswood Management Company"
