Form 4: Tidewater Director Robert Robotti Increases Stake Through Indirect Share Purchase

Tidewater Inc. Director and 10% owner Robert Robotti reported an indirect acquisition of 560 shares of common stock on May 30, 2025, increasing his total beneficial ownership to over 2.2 million shares.

Summary

• Robert Robotti, a Director and 10% owner of Tidewater Inc. (TDW), acquired 560 shares of common stock.
• The transaction occurred on May 30, 2025, at a price of $40.5461 per share.
• Following this transaction, Mr. Robotti's total beneficial ownership, primarily indirect, stands at 2,209,957 shares.
• His beneficial ownership includes shares held by performance-fee paying advisory clients of Robotti & Company Advisors, LLC (114,395 shares), The Ravenswood Investment Company, LP (1,143,117 shares), Ravenswood Investments III, L.P. (763,757 shares), Suzanne and Robert Robotti Foundation, Inc. (3,000 shares), Suzanne Robotti (33,500 shares), and 152,188 shares directly owned by Robert Robotti.

Sentiment

Score: 8

Explanation: The acquisition of additional shares by a director and 10% owner signals strong insider confidence in the company's prospects and valuation.

Positives

• A Director and 10% owner, Robert Robotti, increased his stake in Tidewater Inc., signaling confidence in the company's future prospects.
• The acquisition adds to an already substantial beneficial ownership, reinforcing alignment between management/significant shareholders and other investors.

Future Outlook

NA

Industry Context

This insider purchase by a significant shareholder and director of Tidewater Inc., a leading provider of offshore support vessels, could reflect a positive outlook on the offshore energy sector's recovery or continued strength, as well as the company's specific positioning within that industry.

Related Party Transactions

• The filing details Robert Robotti's indirect beneficial ownership through entities such as Robotti & Company Advisors, LLC, The Ravenswood Investment Company, LP, and Ravenswood Investments III, L.P., where he holds influence or a pecuniary interest.

Stakeholder Impact

• Shareholders: May view the insider purchase as a positive signal, potentially increasing confidence and demand for the stock.
• Management: Reinforces alignment with a significant shareholder's interests.

Key Dates

Recommendation

Keywords

Tidewater, TDW, Robert Robotti, insider trading, beneficial ownership, Form 4, share purchase, director, 10% owner, offshore energy, marine services