Tidewater (TDW) Director Robert Robotti Sells 10,300 Shares

What Happened
Robert Robotti, a director of Tidewater Inc. (TDW), disposed of shares on September 16, 2026. He sold 6,695 shares at $89.85 each ($601,542) and 3,605 shares at $89.85 each ($323,907), for combined proceeds of about $925,449. In a separate transaction the same day, 1,951 shares were transferred for no consideration (reported as code J), reflecting a transfer out of a client advisory account.

Key Details

• Transaction date: 2026-09-16; filing date: 2026-09-17 (timely filing).
• Open-market sales (code S): 6,695 shares @ $89.85 ($601,542) and 3,605 shares @ $89.85 ($323,907) — total cash proceeds ≈ $925,449.
• Other disposition (code J): 1,951 shares transferred @ $0.00 (no cash proceeds).
• Reported beneficial ownership after the transactions: Mr. Robotti is reported as directly owning 132,172 shares; combined holdings across Robotti-related accounts/entities are reported at ~2.20 million shares (see filing footnotes).
• Notable footnotes: F1 explains the 1,951-share transfer was a no-consideration transfer from a performance-fee-paying advisory client’s account, terminating that advisory relationship. F5 notes Mr. Robotti may be deemed to beneficially own shares indirectly through advisory/partner relationships but disclaims ownership except to the extent of any pecuniary interest.
• Transaction codes: S = open-market sale, J = other disposition/transfer.

Context
These were sales and a client-account transfer, not purchases — sales are often routine and can reflect portfolio rebalancing or client/account changes rather than a signal about company prospects. The transfer (code J) specifically reflects an advisory-account movement/termination and does not involve cash proceeds.