Dominic A. Savarino - 07 Jul 2023 Form 4 Insider Report for DIAMOND OFFSHORE DRILLING, INC. (DO)

Signature
/s/ Terence W. Waldorf Attorney-in-Fact for Dominic A. Savarino
Issuer symbol
DO
Transactions as of
07 Jul 2023
Net transactions value
-$86,955
Form type
4
Filing time
10 Jul 2023, 20:39:28 UTC
Previous filing
05 Jul 2023
Next filing
01 Aug 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DO Common Stock Sale $86,955 -5,797 -13% $15.00 37,975 07 Jul 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 1, 2023.