Mark-Anthony Lovell Mey - 09 Feb 2023 Form 4 Insider Report for Transocean Ltd. (RIG)

Role: EVP & CFO
Signature: /s/ Daniel Ro-Trock by Power of Attorney
Issuer symbol: RIG
Transactions as of: 09 Feb 2023
Net transactions value: -$1,573,466
Form type: 4
Filing time: 13 Feb 2023, 17:41:26 UTC
Previous filing: 12 Oct 2022
Next filing: 03 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RIG	Registered Shares	Options Exercise	$0	+541,006	+66%	$0.000000	1,363,398	09 Feb 2023	Direct	F1
transaction	RIG	Registered Shares	Tax liability	$1,573,466	-218,537	-16%	$7.20	1,144,861	10 Feb 2023	Direct	F2

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	RIG	Restricted Units	Award	$0	+195,936		$0.000000	195,936	09 Feb 2023	Registered Shares	195,936	$0.000000	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Deferred Units awarded on May 8, 2020, vested on February 9, 2023, upon satisfaction of the applicable performance measures pursuant to the Issuer's 2020-2022 performance cycle.
F2	Shares sold upon vesting to satisfy tax withholding obligations.
F3	The Restricted Units were acquired on February 9, 2023, by the reporting person pursuant to the Issuer's long-term incentive plan. The restricted share units vest as follows: 65,312 on March 1, 2024; 65,312 on March 1, 2025; and 65,312 on March 1, 2026.