Grant R. Creed - 27 Aug 2025 Form 4 Insider Report for Seadrill Ltd (SDRL)

Role: EVP & CFO
Signature: /s/ Todd D. Strickler, attorney-in-fact
Issuer symbol: SDRL
Transactions as of: 27 Aug 2025
Transactions value $: -$369,765
Form type: 4
Filing time: 28 Aug 2025, 15:32:02 UTC
Previous filing: 07 Aug 2025
Next filing: 29 Sep 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Creed Grant R	EVP & CFO	11025 EQUITY DRIVE, SUITE 150, HOUSTON	/s/ Todd D. Strickler, attorney-in-fact	28 Aug 2025	0002050294

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SDRL	Common Shares	Options Exercise		+26.6K	+161.64%		43K	27 Aug 2025	Direct	F1
transaction	SDRL	Common Shares	Tax liability	-$370K	-11.6K	-26.91%	$31.97	31.4K	27 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		-26.6K	-100%		0	27 Aug 2025	Common Shares	26.6K		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On August 6, 2022, the reporting person was granted 43,632 performance-based restricted stock units, each of which represented a contingent right to receive one common share, par value $0.01 per share (a "Common Share"), of Seadrill Limited (the "Company"). The restricted stock units could be earned based on the extent the Company maintained or exceeded set per Common Share trading prices for a period of at least 45 consecutive trading days over the period beginning on August 6, 2022 and ending on August 6, 2025. The earned restricted stock units vested subject to the reporting person's continued employment during such period. On August 27, 2025, the Joint Nomination and Remuneration Committee of the Board of Directors of the Company certified achievement of the performance goals at 60.86%.

Content

On August 6, 2022, the reporting person was granted 43,632 performance-based restricted stock units, each of which represented a contingent right to receive one common share, par value $0.01 per share (a "Common Share"), of Seadrill Limited (the "Company"). The restricted stock units could be earned based on the extent the Company maintained or exceeded set per Common Share trading prices for a period of at least 45 consecutive trading days over the period beginning on August 6, 2022 and ending on August 6, 2025. The earned restricted stock units vested subject to the reporting person's continued employment during such period. On August 27, 2025, the Joint Nomination and Remuneration Committee of the Board of Directors of the Company certified achievement of the performance goals at 60.86%.