Transocean (RIG) legal chief sells 81,741 shares in open-market trade

Rhea-AI Filing Summary

Transocean Ltd. executive vice president and chief legal officer Brady K. Long reported an open-market sale of 81,741 registered shares at a weighted average price of $7.45 per share. After this transaction, he beneficially owns 1,125,438 shares. The filing also notes a prior transfer of shares to his former spouse pursuant to a domestic relations order.

Insider Trade Summary

Net Seller: 81,741 shares ($608,970)

Net Sell 1 txn

Insider Long Brady K

Role EVP & Chief Legal Officer

Sold 81,741 shs ($609K)

Type	Security	Shares	Price	Value
Sale	Registered Shares	81,741	$7.45	$609K

Holdings After Transaction: Registered Shares — 1,125,438 shares (Direct, null)

Footnotes (1)

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.40 to $7.48, inclusive. The reporting person undertakes to provide Transocean Ltd. (the "Company"), any security holder of the Company, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote (1) to this Form 4. The amount of securities beneficially owned following the reported transaction reflects a prior transfer of shares to the reporting person's former spouse pursuant to a domestic relations order.

Key Figures

Shares sold: 81,741 shares Weighted average sale price: $7.45 per share Shares owned after transaction: 1,125,438 shares +1 more

4 metrics

Shares sold 81,741 shares Open-market sale of registered shares on 2026-05-21

Weighted average sale price $7.45 per share Multiple trades between $7.40 and $7.48

Shares owned after transaction 1,125,438 shares Beneficial ownership following reported sale

Price range of trades $7.40–$7.48 per share Range of prices for individual sale transactions

Key Terms

open-market sale, weighted average price, beneficially owned, domestic relations order

4 terms

open-market sale financial

"transaction_action":"open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

beneficially owned financial

"The amount of securities beneficially owned following the reported transaction"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

domestic relations order financial

"transfer of shares to the reporting person's former spouse pursuant to a domestic relations order."

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Long Brady K

(Last) (First) (Middle)

1414 ENCLAVE PARKWAY

(Street)

HOUSTON TEXAS 77077

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Transocean Ltd. [ RIG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Chief Legal Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Registered Shares	05/21/2026		S		81,741	D	$7.45(1)	1,125,438(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.40 to $7.48, inclusive. The reporting person undertakes to provide Transocean Ltd. (the "Company"), any security holder of the Company, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote (1) to this Form 4.

2. The amount of securities beneficially owned following the reported transaction reflects a prior transfer of shares to the reporting person's former spouse pursuant to a domestic relations order.

	/s/ Debra Kupferman by Power of Attorney	05/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Transocean (RIG) report for Brady K. Long?

Transocean reported that EVP and Chief Legal Officer Brady K. Long executed an open-market sale of 81,741 registered shares at a weighted average price of $7.45 per share. The transaction involved non-derivative common equity and was reported on a Form 4 filing.

At what price did Brady K. Long sell Transocean (RIG) shares?

The reported transaction used a weighted average price of $7.45 per share, with individual trades executed between $7.40 and $7.48. The filing notes that detailed trade prices within this range are available upon request from Transocean, its security holders, or SEC staff.

How many Transocean (RIG) shares does Brady K. Long hold after the sale?

Following the reported open-market sale, Brady K. Long beneficially owns 1,125,438 Transocean registered shares. This figure reflects his direct holdings after the transaction and incorporates the effect of a prior share transfer to his former spouse under a domestic relations order.

Was the Transocean (RIG) insider sale by Brady K. Long an open-market trade?

Yes. The Form 4 characterizes the transaction as an open-market sale of non-derivative registered shares. The sale was executed at multiple prices between $7.40 and $7.48 per share, resulting in a weighted average sales price of $7.45 reported in the filing.

Did a domestic relations order affect Brady K. Long’s Transocean (RIG) holdings?

Yes. The filing explains that the beneficial ownership figure after the reported sale reflects a prior transfer of shares to Brady K. Long’s former spouse pursuant to a domestic relations order. That earlier transfer reduced his holdings before the transaction reported in this Form 4.