X0306 4 2022-12-23 0 0001590584 Civeo Corp CVEO 0001735901 Torgerson Lance 9657 45 AVENUE NW EDMONTON A0 T6E 5Z8 ALBERTA, CANADA 0 0 1 0 0001736750 Torgerson Tammy 9657 45 AVENUE NW EDMONTON A0 T6E 5Z8 ALBERTA, CANADA 0 0 1 0 Common Shares 2022-12-23 4 C 0 1504539 0.00 A 1719188 I Torlowna Investments Ltd. Common Shares 160104 I 989677 Alberta Ltd. Class A Series 1 Preferred Shares 39.60 2022-12-23 4 C 0 5425 0.00 D 2020-04-02 Common Stock 0 I Torgerson Family Trust Each Class A Series 1 Preferred Share is convertible into approximately 277 common shares of the Issuer. On December 23, 2022, the Reporting Person converted 5,425 Class A Series 1 Preferred Shares, held indirectly by Torgerson Family Trust, into 1,504,539 common shares and transferred such common shares to Torlowna Investments Ltd. No consideration was received or paid in connection with such transfer, which was made for tax planning purposes. The conversion of the Class A Series 1 Preferred Shares at a fixed conversion price is exempt from short swing profit liability under Rule 16b-6(b). Consists of (i) 1,504,539 common shares from the conversion of 5,425 Class A Series 1 Preferred Shares reported herein, and (ii) 214,649 common shares transferred to Torlowna Investments Ltd. from Torgerson Family Trust, an affiliate of the reporting person on December 23, 2022. The Preferred Shares would have mandatorily converted on June 30, 2023. /s/ Lance Torgerson 2022-12-23 /s/ Tammy Torgerson 2022-12-23