ROBOTTI ROBERT 4

What Happened
Robert Robotti, a director of Tidewater Inc. (TDW), reported a disposition of 10,000 shares of Tidewater common stock on March 17, 2026. The transaction is coded as a gift (G) and was for no consideration (price $0.00; reported value $0). As a gift, this is a non-market transfer and does not reflect an open-market sale or purchase.

Key Details

• Transaction date: 2026-03-17; transaction type: Gift (code G).
• Price: $0.00 per share; total reported value: $0.
• Holdings noted in the filing: the footnote lists various related holdings that could be deemed beneficially owned — 146,970 shares directly owned by Robert Robotti and, combined with related entities and persons, a total of 2,229,739 shares (see footnote breakdown).
• Notable footnotes: F1 confirms the gift was for no consideration; F2 provides a breakdown of shares held by related advisory clients, partnerships, a foundation, and his spouse; F3 explains Robotti may be deemed to beneficially own certain shares through indirect interests and his spouse, but he disclaims beneficial ownership except to the extent of any pecuniary interest.
• Timeliness: The Form 4 was filed with the same report date (2026-03-17), indicating a timely filing.

Context
Gifts are non-sales and generally do not signal the same market sentiment as purchases or open-market sales. The filing also highlights that several related entities and family members hold significant positions; Robotti’s reported disposition was a transfer (gift) rather than a trade.