Form 4: Corre Partners Management Significantly Increases Stake in TEAM INC with Recent Stock Purchases

Corre Partners Management, a 10% owner of TEAM INC (TISI), has significantly increased its beneficial ownership through multiple common stock purchases totaling 9,780 shares in early June 2025.

Summary

• Corre Partners Management, LLC, along with its affiliated funds (Corre Horizon Fund, LP, Corre Opportunities Qualified Master Fund, LP, and Corre Horizon II Fund, LP), collectively a 10% owner of TEAM INC (TISI), reported multiple purchases of the company's common stock.
• On June 2, 2025, 1,613 shares of Common Stock were acquired at a price of $17.9085 per share.
• On June 3, 2025, an additional 5,856 shares were purchased at $19.0687 per share.
• On June 4, 2025, 2,311 shares were bought at $19.0232 per share.
• These transactions increased the total beneficial ownership of Corre Partners and its affiliates to 1,569,300 shares of TEAM INC Common Stock, par value $0.30 per share.
• The shares are held indirectly by the various funds, with Corre Partners Management, LLC acting as the Investment Adviser, and John Barrett and Eric Soderlund serving as co-owners and managing members.

Sentiment

Score: 8

Explanation: The document reports significant insider buying by a major institutional investor, which is generally a strong positive signal of confidence in the company's future prospects and potential for stock appreciation.

Positives

• Significant insider buying by a 10% owner, Corre Partners Management, LLC, and its affiliated funds, signals strong confidence in TEAM INC's future prospects.
• The purchases occurred over three consecutive days, indicating a sustained and deliberate buying interest from a major institutional investor.
• The total acquisition of 9,780 shares adds to an already substantial holding of over 1.5 million shares, reinforcing the commitment and belief of a key stakeholder in the company's value.

Future Outlook

This document does not provide any forward-looking statements or guidance from TEAM INC's management. The reported transactions reflect the investment outlook and confidence of Corre Partners Management, LLC in the company.

Industry Context

Insider buying, particularly by a significant institutional investor like a 10% owner, is often interpreted by the market as a positive signal. It suggests that those with deep knowledge of the company believe its stock is undervalued or poised for growth, which can attract other investors and potentially influence market sentiment for TEAM INC.

Related Party Transactions

• The reported transactions involve Corre Partners Management, LLC and its affiliated funds (Corre Horizon Fund, LP, Corre Opportunities Qualified Master Fund, LP, and Corre Horizon II Fund, LP), which are related entities under common management (John Barrett and Eric Soderlund). This filing serves to disclose their collective investment activity in TEAM INC.

Stakeholder Impact

• Shareholders: Existing shareholders may view this as a positive sign, potentially increasing confidence in the company's outlook and attracting new investors, which could lead to upward pressure on the stock price.
• Potential Investors: May interpret the insider buying as a strong signal to consider investing in TEAM INC, given the conviction shown by a major institutional holder.

Key Dates

Recommendation

Keywords

TEAM INC, TISI, SEC Form 4, insider trading, beneficial ownership, stock purchase, Corre Partners Management, institutional investor, equity acquisition, 10% owner