SEC Form 4 · accession 0001493152-26-036885
TEAM INC · TISI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael David Stewart
Director · 10% Owner
Period of report
Aug 6, 2026
Accepted (ET)
Aug 10, 2026 · 4:43 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0000318833
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Aug 6, 2026 | P$0 | 1,604,326 | — | A | 1,604,326 | I | By InspectionTech Holdings LP |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Pursuant to the Securities Purchase Agreement, dated August 6, 2026, by and among InspectionTech Holdings LP (the "Stellex SPV") and the Corre entities named therein (the "Sellers"), the Stellex SPV purchased from the Sellers 1,604,326 shares of Common Stock for a purchase price of $56,953,573.00.
- F2Securities held of record by the Stellex SPV. The Reporting Person and Raymond Whiteman are the managing members of Stellex Management Partners A LLC, which is the general partner of Stellex Management Partners A LP, which is the general partner of Stellex Partners III LP, which is the general partner of the Stellex SPV. As a result of these relationships, each of the foregoing entities may be deemed to share beneficial ownership of the securities held of record by the Stellex SPV.