Director Robert Robotti Files to Sell $47.6M in Tidewater Stock
TDW sits 97% above its 52-week low of $46.65.
Summary
Director Robert Robotti filed a Form 144 to sell 537,854 shares of Tidewater stock worth approximately $47.6 million, adding to a recent pattern of insider selling at the company.
Key Events · Ownership and Investor Activity · TDW
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Director Files to Sell $47.6M in Stock
Robert Robotti filed a Form 144 to sell 537,854 shares of Tidewater common stock, with an aggregate market value of approximately $47.6 million.
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Sale Represents ~1.08% of Outstanding Shares
The 537,854 shares to be sold represent approximately 1.08% of the company's 49,756,231 outstanding shares, making this a significant reduction in Robotti's personal stake.
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Part of Broader Insider Selling Pattern
This filing follows CFO Samuel Rubio's $1.62 million sale in August and director Kenneth Traub's $990,000 sale in early September, indicating a sustained distribution trend among insiders.
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Shares Acquired Over Multiple Years
The shares were acquired through open market purchases between 2017 and 2025, indicating this is a discretionary liquidation of long-held positions rather than a routine tax or option-related transaction.
Analysis · TDW · Energy & Transportation
A substantial insider sale is on the table: Director Robert Robotti has filed a Form 144 to sell 537,854 shares of Tidewater common stock, valued at approximately $47.6 million based on the filing's stated aggregate market value. This represents roughly 1.08% of the company's outstanding shares, a meaningful reduction for a board member. The move comes amid a broader pattern of insider selling at Tidewater — the CFO sold $1.62 million in August and director Kenneth Traub sold $990,000 in early September. Robotti's sale is significantly larger than those prior transactions and signals a meaningful reduction in his personal stake. The shares were acquired through open market purchases between 2017 and 2025, so this represents a discretionary liquidation of long-held positions rather than a routine tax or option-related transaction.
How filings like this one have moved
In the 30 days to Sep 16, 2026, 30% of the 1759 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.34%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, TDW was trading at $91.79 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $4.6B. The 52-week trading range was $46.65 to $101.58. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.