Keelan Adamson - May 1, 2025 Form 4 Insider Report for Transocean Ltd. (RIG)

Role: PRESIDENT AND CEO
Signature: /s/ Daniel Ro-Trock by Power of Attorney
Stock symbol: RIG
Transactions as of: May 1, 2025
Transactions value $: $0
Form type: 4
Date filed: 5/2/2025, 04:21 PM
Previous filing: Mar 4, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Adamson Keelan	PRESIDENT AND CEO	1414 ENCLAVE PARKWAY, HOUSTON	/s/ Daniel Ro-Trock by Power of Attorney	2025-05-02	0001750415

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	+543K		$0.00	543K	May 1, 2025	Registered Shares	543K	$0.00	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The Restricted Units were acquired on May 1, 2025, by the reporting person pursuant to the Issuer's long-term incentive plan. The restricted share units vest as follows: 180,931 on May 1, 2026; 180,931 on March 1, 2027; and 180,931 on March 1, 2028.