Form 4: Tidewater Director and 10% Owner Robert Robotti Significantly Increases Stake in Company

Tidewater Inc. Director and 10% owner Robert Robotti has increased his beneficial ownership in the company through recent open market purchases of common stock.

Summary

• Robert Robotti, a Director and 10% owner of Tidewater Inc. (TDW), acquired a total of 25,000 shares of common stock through two separate transactions.
• On June 3, 2025, Mr. Robotti purchased 10,000 shares at a price of $42.1354 per share.
• On June 4, 2025, an additional 15,000 shares were acquired at a price of $42.0529 per share.
• Following these transactions, Mr. Robotti's total beneficial ownership in Tidewater Inc. stands at 2,234,957 shares.
• The beneficial ownership includes shares held indirectly through various entities such as Robotti & Company Advisors, LLC, The Ravenswood Investment Company, LP, Ravenswood Investments III, L.P., Suzanne and Robert Robotti Foundation, Inc., and Suzanne Robotti, as well as shares directly owned by Robert Robotti.

Sentiment

Score: 8

Explanation: The sentiment is highly positive as a significant insider, who is both a director and a 10% owner, has substantially increased their stake in the company, signaling strong confidence in its future performance.

Positives

• A Director and 10% owner increasing their stake signals strong confidence in the company's future prospects and valuation.
• The significant volume of shares purchased (25,000 shares) indicates a substantial commitment from a key insider.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance regarding the company's future outlook; it solely reports insider transactions.

Management Comments

• Mr. Robotti disclaims beneficial ownership of all securities reported herein except to the extent of his pecuniary interest therein, if any.

Industry Context

Insider buying, especially by a director and significant owner, is often interpreted by the market as a positive signal, suggesting that those with intimate knowledge of the company believe its shares are undervalued or that strong performance is anticipated. This action aligns with a general trend where insiders may increase their holdings when they perceive a favorable outlook for their company within its operating industry.

Related Party Transactions

• Robert Robotti's beneficial ownership includes shares held indirectly through entities such as Robotti & Company Advisors, LLC, The Ravenswood Investment Company, LP, Ravenswood Investments III, L.P., and Suzanne and Robert Robotti Foundation, Inc., as well as shares held by his wife, Suzanne Robotti. These entities are considered related parties through Mr. Robotti's affiliations and control.

Stakeholder Impact

• Shareholders may perceive this insider buying as a strong indicator of management's belief in the company's value, potentially boosting investor confidence and share price.

Key Dates

Recommendation

Keywords

Tidewater Inc., TDW, Robert Robotti, Insider Trading, Form 4, Share Purchase, Beneficial Ownership, Director, 10% Owner, Common Stock, SEC Filing