Tidewater (TDW) counsel sells 15,000 shares under Rule 10b5-1 plan

Rhea-AI Filing Summary

Tidewater Inc. executive vice president and general counsel Daniel A. Hudson reported an open-market sale of 15,000 shares of common stock on February 23, 2026 at a weighted average price of $77.50 per share. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 17, 2025. After this transaction, Hudson directly holds 50,986 shares of Tidewater common stock.

Insider Trade Summary

Net Seller: 15,000 shares ($1,162,500)

Net Sell 1 txn

Insider Hudson Daniel A.

Role EVP & GENERAL COUNSEL

Sold 15,000 shs ($1.16M)

Type	Security	Shares	Price	Value
Sale	Common Stock, $0.001 par value	15,000	$77.50	$1.16M

Holdings After Transaction: Common Stock, $0.001 par value — 50,986 shares (Direct)

Footnotes (1)

1. This sale was effected pursuant to a Rule 10b5-1 trading plan, adopted by the reporting person on March 17, 2025. The transaction was executed in multiple trades at prices ranging from $77.50 to $77.53. 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.

Form 4 Insider Transactions: What Each Field Means →

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)
02/23/2026

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	02/23/2026		S		15,000(1)	D	$77.5(2)	50,986	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 $77.50 to $77.53. 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	02/23/2026
	** 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 insider transaction did Tidewater (TDW) disclose for Daniel A. Hudson?

Tidewater reported that Daniel A. Hudson, its executive vice president and general counsel, sold 15,000 shares of common stock. The sale occurred on February 23, 2026 as an open-market transaction under a pre-arranged Rule 10b5-1 trading plan.

How many Tidewater (TDW) shares did Daniel A. Hudson sell and at what price?

Daniel A. Hudson sold 15,000 shares of Tidewater common stock at a weighted average price of $77.50 per share. The trades were executed in multiple transactions at prices ranging from $77.50 to $77.53 according to the filing disclosure.

Does Daniel A. Hudson still own Tidewater (TDW) shares after this sale?

Yes. Following the reported transaction, Daniel A. Hudson directly owns 50,986 shares of Tidewater common stock. This figure reflects his remaining direct holdings after the 15,000-share open-market sale disclosed in the Form 4 filing.

Was the Tidewater (TDW) insider sale by Daniel A. Hudson under a Rule 10b5-1 plan?

Yes. The filing states the 15,000-share sale was effected under a Rule 10b5-1 trading plan. That plan was adopted by Daniel A. Hudson on March 17, 2025, providing a pre-arranged schedule for selling Tidewater shares.

What price range applied to Daniel A. Hudson’s Tidewater (TDW) share sale?

The insider sale was executed in multiple trades with prices ranging from $77.50 to $77.53 per share. The reported $77.50 figure represents the weighted average sale price across all trades in the disclosed transaction.