TEAM INC insider-linked fund buys 1.6M shares

TEAM INC director and ten percent owner Michael David Stewart reported an indirect purchase of TEAM INC common stock through InspectionTech Holdings LP.

Rhea-AI Filing Summary

TEAM INC director and ten percent owner Michael David Stewart reported an indirect purchase of TEAM INC common stock through InspectionTech Holdings LP. On August 6, 2026, InspectionTech Holdings LP (the Stellex SPV) purchased 1,604,326 shares of common stock from certain Corre entities for an aggregate purchase price of $56,953,573.00 under a Securities Purchase Agreement. Following this transaction, the indirectly held position reported for this entity is 1,604,326 shares. The securities are held of record by the Stellex SPV, and a group of related Stellex entities, including Stewart and another managing member, may be deemed to share beneficial ownership of these shares.

Insider Trade Summary

Net Buyer: 1,604,326 shares

Net Buy 1 txn

Insider Stewart Michael David

Role Director, 10% Owner

Bought 1,604,326 shs

Type	Security	Shares	Price	Value
Purchase	Common Stock F1, F2	1,604,326	--	--

Holdings After Transaction: Common Stock — 1,604,326 shares (Indirect, By InspectionTech Holdings LP)

Footnotes (2)

1. F1. Pursuant to the Securities Purchase Agreement, dated August 6, 2026, by and among InspectionTech Holdings LP (the "Stellex SPV") and the Corre entities named therein (the "Sellers"), the Stellex SPV purchased from the Sellers 1,604,326 shares of Common Stock for a purchase price of $56,953,573.00.
2. F2. Securities held of record by the Stellex SPV. The Reporting Person and Raymond Whiteman are the managing members of Stellex Management Partners A LLC, which is the general partner of Stellex Management Partners A LP, which is the general partner of Stellex Partners III LP, which is the general partner of the Stellex SPV. As a result of these relationships, each of the foregoing entities may be deemed to share beneficial ownership of the securities held of record by the Stellex SPV.

Key Figures

Shares purchased: 1,604,326 shares Aggregate purchase price: $56,953,573.00 Shares held after transaction: 1,604,326 shares +1 more

4 metrics

Shares purchased 1,604,326 shares Common stock acquired by InspectionTech Holdings LP on August 6, 2026

Aggregate purchase price $56,953,573.00 Total consideration paid by Stellex SPV for 1,604,326 shares

Shares held after transaction 1,604,326 shares Indirectly held TEAM INC common stock reported for Stellex SPV structure

Buy transactions reported 1 Single non-derivative purchase transaction on this Form 4

Key Terms

Securities Purchase Agreement, beneficial ownership, general partner, limited partnership, +1 more

5 terms

Securities Purchase Agreement regulatory

"Pursuant to the Securities Purchase Agreement, dated August 6, 2026, by and among"

A securities purchase agreement is a written contract between a buyer and a seller outlining the terms for buying or selling financial assets such as stocks or bonds. It specifies details like the price, quantity, and conditions of the transaction, similar to a shopping list with agreed-upon terms. For investors, it provides clarity and legal protection when transferring ownership of these financial instruments.

beneficial ownership financial

"each of the foregoing entities may be deemed to share beneficial ownership of the"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

general partner financial

"which is the general partner of Stellex Management Partners A LP, which is the general"

A general partner is the person or firm that runs an investment partnership and legally represents it — they make the day-to-day decisions, choose which assets to buy or sell, and are responsible for the partnership’s obligations. Investors care because the general partner’s judgment, risk-taking and fee and profit-sharing arrangements determine both the potential returns and the level of exposure to losses; think of the GP as the ship’s captain whose skill and honesty shape the voyage’s outcome.

limited partnership financial

"InspectionTech Holdings LP (the "Stellex SPV") and the Corre entities named therein"

A limited partnership is a legal business structure with two types of partners: at least one general partner who runs the business and bears full legal responsibility, and one or more limited partners who contribute money, share profits, and have liability capped at their investment. For investors, it matters because it separates control from financial exposure — like putting money into a store without managing it — and affects how returns, risks, taxes and transferability of ownership are handled.

indirect ownership financial

"Securities held of record by the Stellex SPV. The Reporting Person and Raymond"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transaction did TEAM INC (TISI) insider Michael David Stewart report on August 6, 2026?

Michael David Stewart reported an indirect purchase of TEAM INC common stock. An affiliated entity, InspectionTech Holdings LP (the Stellex SPV), bought 1,604,326 shares from Corre-affiliated sellers under a Securities Purchase Agreement on August 6, 2026.

How many TEAM INC (TISI) shares were acquired in the reported Form 4 transaction?

The affiliated Stellex SPV acquired 1,604,326 shares of TEAM INC common stock. This entire amount is reported as indirectly owned, with 1,604,326 shares shown as the total holding following the transaction for the reporting structure.

What was the total dollar value of the TEAM INC (TISI) shares purchased by the Stellex SPV?

The Stellex SPV purchased 1,604,326 shares of TEAM INC common stock for a total purchase price of $56,953,573.00. This amount represents the aggregate consideration paid to the Corre-affiliated sellers under the Securities Purchase Agreement.

Is the TEAM INC (TISI) insider purchase held directly by Michael David Stewart?

No. The shares are held of record by InspectionTech Holdings LP, referred to as the Stellex SPV. Stewart and another managing member are managing members of upstream Stellex entities that may be deemed to share beneficial ownership of these securities.

Was the TEAM INC (TISI) insider transaction executed under a Rule 10b5-1 trading plan?

The filing’s Rule 10b5-1 checkbox is not selected, and there is no footnote indicating a trading plan. The reported purchase appears to have been made outside of a pre-arranged Rule 10b5-1 trading plan.

What agreement governed the large TEAM INC (TISI) share purchase by the Stellex SPV?

The acquisition was completed under a Securities Purchase Agreement dated August 6, 2026 between InspectionTech Holdings LP (the Stellex SPV) and Corre-affiliated sellers. This agreement covered the purchase of 1,604,326 shares for $56,953,573.00.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/10/2026 - 04:43 PM EDT Learn about SEC filing dates

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^*

Stewart Michael David

(Last) (First) (Middle)

13131 DAIRY ASHFORD, SUITE 600

(Street)

SUGAR LAND TEXAS 77478

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
TEAM INC [ TISI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/06/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	08/06/2026		P		1,604,326	A	(1)	1,604,326	I	By InspectionTech Holdings LP(2)

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. Pursuant to the Securities Purchase Agreement, dated August 6, 2026, by and among InspectionTech Holdings LP (the "Stellex SPV") and the Corre entities named therein (the "Sellers"), the Stellex SPV purchased from the Sellers 1,604,326 shares of Common Stock for a purchase price of $56,953,573.00.

2. Securities held of record by the Stellex SPV. The Reporting Person and Raymond Whiteman are the managing members of Stellex Management Partners A LLC, which is the general partner of Stellex Management Partners A LP, which is the general partner of Stellex Partners III LP, which is the general partner of the Stellex SPV. As a result of these relationships, each of the foregoing entities may be deemed to share beneficial ownership of the securities held of record by the Stellex SPV.

	/s/ Michael David Stewart	08/10/2026
	** 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.
* Form 4: SEC 1474 (03-26)