Transocean (NYSE: RIG) legal chief sells 115,378 shares under plan

Rhea-AI Filing Summary

Transocean Ltd.'s EVP & Chief Legal Officer, Brady K. Long, reported pre-planned share sales under a Rule 10b5-1 trading plan. He sold 16,085 registered shares on January 26, 2026 and 99,293 registered shares on January 27, 2026.

The reported weighted average sale prices were about $5.00 per share, with individual trades ranging from $5.00 to $5.02. After these transactions, he directly beneficially owned 1,046,031 registered shares of Transocean.

Insider Trade Summary

Net Seller: 115,378 shares ($576,890)

Net Sell 2 txns

Insider Long Brady K

Role EVP & Chief Legal Officer

Sold 115,378 shs ($577K)

Type	Security	Shares	Price	Value
Sale	Registered Shares	99,293	$5.00	$496K
Sale	Registered Shares	16,085	$5.00	$80K

Holdings After Transaction: Registered Shares — 1,046,031 shares (Direct)

Footnotes (1)

1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 11, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.00 to $5.02, 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 (2) to this Form 4.

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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).

X

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 TX 77077

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/26/2026

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

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

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

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	01/26/2026		S(1)		16,085	D	$5	1,145,324	D
Registered Shares	01/27/2026		S(1)		99,293	D	$5(2)	1,046,031	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 sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 11, 2025.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.00 to $5.02, 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 (2) to this Form 4.

	/s/ Debra Kupferman by Power of Attorney	01/28/2026
	** 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.

FAQ

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

Transocean reported that EVP & Chief Legal Officer Brady K. Long sold 115,378 registered shares. The sales occurred on January 26 and 27, 2026, and were directly owned transactions reported on a Form 4 insider filing with the U.S. Securities and Exchange Commission.

How many Transocean (RIG) shares did Brady K. Long sell and at what prices?

Brady K. Long sold 16,085 registered shares on January 26, 2026 and 99,293 shares on January 27, 2026. The weighted average sale prices were about $5.00 per share, with individual trades executed between $5.00 and $5.02, according to the Form 4 footnote.

How many Transocean (RIG) shares does Brady K. Long still own after these sales?

After the reported transactions, Brady K. Long beneficially owned 1,046,031 registered shares of Transocean. These holdings are reported as directly owned following the completion of the two sales disclosed in the Form 4 insider trading report filed with regulators.

Were Brady K. Long’s Transocean (RIG) share sales under a 10b5-1 plan?

Yes. The filing states the sales were effected under a Rule 10b5-1 trading plan adopted by Brady K. Long on March 11, 2025. Such plans allow pre-scheduled trades, providing a structured way for insiders to sell shares over time.

What role does Brady K. Long hold at Transocean (RIG)?

Brady K. Long serves as Executive Vice President and Chief Legal Officer at Transocean. His role is disclosed in the insider filing, which identifies him as an officer of the company rather than a director or 10% beneficial owner of Transocean shares.

How is the sale price range for Brady K. Long’s Transocean (RIG) trades described?

The Form 4 explains that the reported price is a weighted average, with individual trade prices ranging from $5.00 to $5.02 per share. The reporting person has undertaken to provide detailed trade breakdowns upon request to the company, security holders, or SEC staff.