Form 4: Team Inc. Director Edward J. Stenger Increases Stake with $23,242 Purchase

Director Edward J. Stenger increased his holdings in Team Inc. (TISI) by purchasing 4,000 shares at an average price of $5.8106 on March 12, 2024.

Summary

• On March 12, 2024, Edward J. Stenger, a director of Team Inc. (TISI), acquired 4,000 shares of common stock at a weighted average price of $5.8106 per share.
• The total value of the purchase was approximately $23,242.
• The shares were bought in multiple transactions with prices ranging from $5.28 to $6.00.
• Following the transaction, Stenger directly owns 6,890 shares of Team Inc.
• A previous reverse stock split of 1-for-10 on December 21, 2022, resulted in Stenger's ownership of 2,890 shares at that time.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director buying shares suggests confidence, but the purchase is small and may not be highly significant.

Positives

• A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Director purchases are common occurrences and are often monitored by investors as an indicator of management's sentiment towards the company's prospects. It's a small transaction and may not be indicative of a larger trend.

Comparison to Industry Standards

• Insider buying is generally viewed positively, but the impact varies depending on the size of the purchase relative to the director's existing holdings and the company's market capitalization.
• Compared to other insider transactions, this purchase is relatively small and may not have a significant impact on the stock price.

Stakeholder Impact

• The purchase could have a slightly positive impact on shareholder sentiment.

Key Dates