Jeremy D. Thigpen - Mar 1, 2025 Form 4 Insider Report for Transocean Ltd. (RIG)

Signature
/s/ Daniel Ro-Trock by Power of Attorney
Stock symbol
RIG
Transactions as of
Mar 1, 2025
Transactions value $
$1,470,357
Form type
4
Date filed
3/4/2025, 07:32 PM
Previous filing
Feb 18, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RIG Registered Shares Options Exercise $1.14M +385K +6.69% $2.95 6.15M Mar 1, 2025 Direct F1
transaction RIG Registered Shares Options Exercise $571K +194K +3.15% $2.95 6.34M Mar 1, 2025 Direct F2
transaction RIG Registered Shares Options Exercise $725K +246K +3.87% $2.95 6.59M Mar 1, 2025 Direct F3
transaction RIG Registered Shares Tax liability -$962K -326K -4.95% $2.95 6.26M Mar 3, 2025 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Units, which are 1-for-1 share equivalents, acquired on February 10, 2022, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2025, resulting in the right of the reporting person to receive the registered shares.
F2 Restricted Units, which are 1-for-1 share equivalents, acquired on February 9, 2023, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2025, resulting in the right of the reporting person to receive the registered shares. The remaining restricted share units vest as follows: 193,518 on March 1, 2026.
F3 Restricted Units, which are 1-for-1 share equivalents, acquired on February 8, 2024, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2025, resulting in the right of the reporting person to receive the registered shares. The remaining restricted share units vest as follows: 245,640 on March 1, 2026 and 245,640 on March 1, 2027.
F4 Shares sold upon vesting to satisfy tax withholding obligations.