Form 4: Corre Partners Management Increases Stake in TEAM INC Through Open Market Purchases

Corre Partners Management, a 10% owner and director of TEAM INC (TISI), has significantly increased its beneficial ownership through a series of open market purchases of common stock.

Summary

• Corre Partners Management, LLC, along with affiliated funds Corre Horizon Fund, LP, Corre Opportunities Qualified Master Fund, LP, and Corre Horizon II Fund, LP, collectively increased their beneficial ownership in TEAM INC (TISI).
• On June 10, 2025, 306 shares of common stock were purchased at an average price of $18.6468 per share.
• On June 11, 2025, an additional 3,640 shares were acquired at an average price of $19.2788 per share.
• On June 12, 2025, a further 928 shares were purchased at an average price of $19.2788 per share.
• These transactions, totaling 4,874 shares, were executed pursuant to a Rule 10b5-1(c) pre-planned trading arrangement.
• Following these purchases, the total beneficial ownership of Corre Partners Management and its affiliates in TEAM INC stands at 1,587,296 shares of common stock.
• The shares are held indirectly by the various funds, with Corre Partners Management, LLC acting as the Investment Adviser and Corre Partners Advisors, LLC as the General Partner, both co-owned and managed by Mr. John Barrett and Mr. Eric Soderlund.

Sentiment

Score: 8

Explanation: The sentiment is highly positive due to substantial insider buying by a significant shareholder and director, indicating strong confidence in the company's value and future prospects. While the transactions were pre-planned under Rule 10b5-1(c), they still represent a deliberate decision to increase ownership.

Positives

• Significant insider buying by a 10% owner and director, indicating strong confidence in the company's future prospects.
• The increase in beneficial ownership by Corre Partners Management and its affiliated funds demonstrates a long-term commitment to TEAM INC.
• Purchases were made at varying price points, suggesting a strategic accumulation of shares.

Industry Context

Insider buying, especially by significant shareholders and directors, is often interpreted by the market as a positive signal, suggesting that those with intimate knowledge of the company believe its stock is undervalued or that strong future performance is anticipated. This action by Corre Partners Management could be seen as a vote of confidence in TEAM INC's strategic direction and operational execution within its industry.

Related Party Transactions

• The reported transactions involve the purchase of common stock by Corre Partners Management, LLC and its affiliated funds, which are designated as a 10% owner and director of TEAM INC, constituting related party transactions.

Stakeholder Impact

• Shareholders: The insider buying may instill greater confidence among existing and potential shareholders, potentially leading to increased investor interest and a positive impact on share price.
• Management: The increased stake by a director and significant owner aligns their interests more closely with long-term shareholder value.

Key Dates

Recommendation

Keywords

TEAM INC, TISI, Corre Partners Management, Insider Buying, Beneficial Ownership, SEC Form 4, Stock Purchase, Investment Fund, Corporate Governance