FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      
1. Name and Address of Reporting Person * Bouchard Andre C 2. Issuer Name and Ticker or Trading Symbol TEAM INC [ TISI ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Exec VP & Chief Legal Officer
(Last)          (First)          (Middle)
13131 DAIRY ASHFORD
3. Date of Earliest Transaction (MM/DD/YYYY)
11/15/2022
(Street)
SUGAR LAND, TX 77478
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
 
6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock (1) 11/15/2022    M    2777 (1) A $0  73247  D   
Common Stock  11/15/2022    M    2994 (1) A $0  76241  D   
Common Stock  11/15/2022    M    5128 (1) A $0  81369  D   
Common Stock  11/15/2022    F    2656 (2) D $0  78713  D   
Common Stock                 10596 (3) I  401K Plan 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units   (4) 11/15/2022    A     261628       (5) 11/15/2032  Common Stock  261628.0  $0  261628  D   
Restricted Stock Units   (4) 11/15/2022    M        2777    (6) 11/15/2028  Common Stock  2777.0  $0  0  D   
Restricted Stock Units   (4) 11/15/2022    M        2994    (6) 11/15/2029  Common Stock  2994.0  $0  2995  D   
Restricted Stock Units   (4) 11/15/2022    M        5128    (7) 11/15/2030  Common Stock  5128.0  $0  5128  D   

Explanation of Responses:
(1)  Represents vesting of restricted Stock Units and conversion to Team Common Stock.
(2)  Represents total Stock Units withheld to satisfy tax obligations for vesting on 11/15/2022.
(3)  Represents estimated shares held in 401K Plan.
(4)  Each restricted stock unit represents a contingent right to receive one share of TISI Common Stock.
(5)  Stock Units Vest one-third on 11/15/2023, 11/15/2024 and 11/15/2025, 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.
(6)  Stock Units Vest 25% on 11/15/2019, 11/15/2020, 11/15/2021 and 11/15/2022 unless earlier terminated in accordance with the Plan. Stock Units will automatically be converted into shares of Common Stock in accordance with vesting schedule.
(7)  Stock Units vest one third on 11/15/2021, 11/15/2022 and 11/15/2023, unless earlier terminated in accordance with the Plan. Stock Units will automatically be converted into shares of Common Stock in accordance with vesting schedule.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Bouchard Andre C
13131 DAIRY ASHFORD
SUGAR LAND, TX 77478


Exec VP & Chief Legal Officer

Signatures
/s/ Andre C. Bouchard 11/17/2022
**Signature of Reporting Person Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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