Team Inc. (TISI) major holders report sale of 1.6M common shares
Rhea-AI Filing Summary
Entities associated with Corre Partners Management, LLC, identified as ten percent owners of Team Inc., reported a sale of 1,604,326 shares of common stock on 2026-08-06 at $35.50 per share. The shares are reported as held through indirect ownership, with additional explanatory notes referenced in an exhibit.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Net Seller: 1,604,326 shares
Net Sell
1 txn
Insider
Corre Partners Management, LLC, Corre Opportunities Qualified Master Fund, LP, CORRE HORIZON FUND, LP, Corre Horizon II Fund, LP
Role
10% Owner | 10% Owner | 10% Owner | 10% Owner
Sold
1,604,326 shs ($56.95M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.30 per share F1 | 1,604,326 | $35.50 | $56.95M |
Holdings After Transaction:
Common Stock, par value $0.30 per share — 0 shares (Indirect, See footnote)
Footnotes (1)
- F1. Notes are included on Exhibit 99.1.
Key Figures
Shares sold: 1,604,326 shares
Sale price per share: $35.50 per share
Net buy/sell shares: 1,604,326 shares sold
+1 more
4 metrics
Shares sold
1,604,326 shares
Non-derivative common stock sale on 2026-08-06
Sale price per share
$35.50 per share
Price for the 2026-08-06 common stock sale
Net buy/sell shares
1,604,326 shares sold
Net insider trading activity in this Form 4
Reporting persons designated as ten percent owners
4 entities
Corre Partners Management, LLC and three affiliated funds
Key Terms
ten percent owner, indirect ownership, non-derivative, Common Stock, par value $0.30 per share
4 terms
ten percent owner regulatory
"each reporting person is identified as a ten percent owner"
indirect ownership regulatory
"direct_or_indirect field shows I, indicating indirect ownership"
non-derivative financial
"transaction_type is non-derivative for the common stock sale"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did TEAM INC (TISI) report in this Form 4?
TEAM INC reported that entities associated with Corre Partners sold 1,604,326 shares of common stock on 2026-08-06 at $35.50 per share, as an indirectly held position.
Who are the reporting persons in the TEAM INC (TISI) Form 4 filing?
The filing lists Corre Partners Management, LLC and three affiliated funds as reporting persons. Each is identified as a ten percent owner of Team Inc., indicating significant ownership stakes.
Was the TEAM INC (TISI) insider sale made under a Rule 10b5-1 plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not selected, and the footnotes provided do not state that the sale occurred under a trading plan.
Is the TEAM INC (TISI) Form 4 sale direct or indirect ownership?
The reported sale reflects indirect ownership, with the nature of ownership marked as “See footnote.” The filing notes that additional explanatory responses are included in Exhibit 99.1.