Andre C. Bouchard - 17 Nov 2022 Form 4 Insider Report for TEAM INC (TISI)

Role: Exec VP & Chief Legal Officer
Signature: /s/ Andre C. Bouchard
Issuer symbol: TISI
Transactions as of: 17 Nov 2022
Net transactions value: $0
Form type: 4
Filing time: 21 Nov 2022, 10:50:14 UTC
Previous filing: 17 Nov 2022
Next filing: 08 Nov 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TISI	Common Stock	Options Exercise	$0	+5,128	+6.5%	$0.000000	83,841	17 Nov 2022	Direct	F1
transaction	TISI	Common Stock	Tax liability	$0	-1,249	-1.5%	$0.000000	82,592	17 Nov 2022	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	TISI	Restricted Stock Units	Options Exercise	$0	-5,128	-33%	$0.000000	10,257	17 Nov 2022	Common Stock	5,128		Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents vesting of restricted Stock Units and conversion to Team Common Stock.
F2	Represents Stock Units withheld to satisfy tax obligations.
F3	Each restricted stock unit represents a contingent right to receive one share of TISI Common Stock.
F4	Stock Units vest one-third on 11/17/2022, 11/17/2023 and 11/15/2024, unless earlier terminated in accordance with the Plan. Stock Units will automatically be converted into shares of Common Stock in accordance with the respective vesting schedule.