Form 4: Corre Partners Management Boosts Stake in TEAM INC with Over 13,000 Share Acquisitions

Corre Partners Management, a 10% owner and director of TEAM INC, has reported the acquisition of 13,122 shares of common stock through a series of purchases in early June 2025, increasing its total beneficial ownership to 1,582,422 shares.

Summary

• Corre Partners Management, LLC, along with its affiliated funds (Corre Opportunities Qualified Master Fund, LP, Corre Horizon Fund, LP, and Corre Horizon II Fund, LP), reported the acquisition of 13,122 shares of TEAM INC common stock.
• The purchases occurred on June 5, 2025, June 6, 2025, and June 9, 2025.
• On June 5, 2025, 1,910 shares were acquired at an average price of $19.2348 per share.
• On June 6, 2025, an additional 5,572 shares were acquired at an average price of $19.0516 per share.
• On June 9, 2025, 5,640 shares were acquired at an average price of $18.5716 per share.
• Following these transactions, the total beneficial ownership of Corre Partners Management and its affiliated funds in TEAM INC stands at 1,582,422 shares.
• The shares are held indirectly by the reporting persons through the specified funds, with Corre Partners Management, LLC acting as the Investment Adviser and Corre Partners Advisors, LLC as the General Partner.

Sentiment

Score: 8

Explanation: The sentiment is highly positive due to significant insider buying by a 10% owner and director, indicating strong confidence in the company's prospects.

Positives

• A significant 10% owner and director, Corre Partners Management, has increased its stake in TEAM INC, signaling strong confidence in the company's future prospects.
• The acquisitions involved 13,122 shares of common stock, demonstrating a continued and substantial investment by a key insider.
• The purchases were made at prices ranging from $18.5716 to $19.2348 per share, indicating a belief in the company's value at these levels.

Risks

• The document itself does not detail company-specific risks. The primary risk for the reporting person is the market risk associated with their increased investment in TEAM INC common stock.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Corre Partners Management, LLC (the Investment Adviser) has been delegated investment management authority over the assets of Corre Opportunities Qualified Master Fund, LP, Corre Horizon Fund, LP, and Corre Horizon II Fund, LP (the Funds).
• Corre Partners Advisors, LLC is the general partner of the Funds and is responsible for delegating investment management authority to the Investment Adviser.
• Mr. John Barrett and Mr. Eric Soderlund are identified as co-owners and managing members of both the Investment Adviser (Corre Partners Management, LLC) and the General Partner (Corre Partners Advisors, LLC), establishing a direct related party structure for the reported transactions.

Stakeholder Impact

• Shareholders: The insider buying by a significant owner and director may instill greater confidence in existing shareholders and attract potential investors, as it signals management's belief in the company's value and future prospects.

Key Dates

Recommendation

Keywords

TEAM INC, TISI, Form 4, SEC filing, insider trading, beneficial ownership, stock acquisition, Corre Partners Management, 10% owner, director, common stock