Engine Capital Group Reduces Stake in Civeo Corp Below 5% Threshold

On August 25, 2026, Engine Capital, L.P. and its affiliates filed Amendment No. 7 to their Schedule 13D regarding Civeo Corp (CVEO). The filing indicates that as of August 21, 2026, the reporting group ceased to be the beneficial owner of more than 5% of the company's common shares. The aggregate beneficial ownership for the group, led by Arnaud Ajdler, now stands at 481,479 shares, representing approximately 4.7% of the 10,336,859 shares outstanding. Individually, Engine Capital, L.P. holds 409,947 shares (4.0%), Engine Jet Capital, L.P. holds 34,285 shares (0.3%), and Engine Lift Capital, LP holds 37,247 shares (0.4%). The reduction in position followed a series of open-market sales conducted throughout July and August 2026 at prices ranging from approximately $31.44 to $35.37 per share. The reporting persons used working capital for their initial acquisitions and have now fallen below the 13D reporting threshold.