Simon Johnson - 06 Aug 2025 Form 4 Insider Report for Seadrill Ltd (SDRL)

Signature
/s/ Todd D. Strickler, attorney-in-fact
Issuer symbol
SDRL
Transactions as of
06 Aug 2025
Transactions value $
-$227,606
Form type
4
Filing time
07 Aug 2025, 16:49:05 UTC
Previous filing
29 Apr 2025
Next filing
28 Aug 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Johnson Simon President & CEO 11025 EQUITY DRIVE, SUITE 150, HOUSTON /s/ Todd D. Strickler, attorney-in-fact 07 Aug 2025 0001602196

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SDRL Common Shares Options Exercise +17.8K +49.84% 53.5K 06 Aug 2025 Direct F1, F3
transaction SDRL Common Shares Tax liability -$228K -7.68K -14.34% $29.64 45.9K 06 Aug 2025 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SDRL Restricted Stock Units Options Exercise $0 -17.8K -100% $0.00 0 06 Aug 2025 Common Shares 17.8K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common shares, par value $0.01 per share (a "Common Share"), of Seadrill Limited on a one-for-one basis.
F2 On August 6, 2022, the reporting person was granted 53,427 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.
F3 The Form 4 filed on April 21, 2025 for the reporting person inadvertently overstated the number of Common Shares disposed of by 70 shares, resulting in an understatement of the number of Common Shares held by the reporting person following such transaction by 70 shares. This Form 4 corrects such error by increasing the number of Common Shares held by the reporting person by such 70 shares.