Seadrill SEC Filings

Seadrill Limited reported third‑quarter 2025 results. Operating revenues were $363 million, producing operating profit of $26 million and a net loss of $11 million (basic and diluted loss per share $0.17). For the nine months, revenues were $1,075 million with a net loss of $67 million.

Cash and cash equivalents were $402 million, total debt $612 million, and shareholders’ equity $2,865 million. Contract backlog totaled $2,511 million as of September 30, 2025, including $2,277 million from drilling contracts and $234 million from other sources; the company expects to realize $335 million of this in the remainder of 2025. Brazil was the largest revenue contributor in Q3 at $160 million.

Legal updates include an Oslo District Court judgment ordering payment of approximately $37 million plus ~$11 million in costs related to West Hercules, for which Seadrill has appealed and issued a NOK574 million guarantee. In the Sonadrill fees case, Seadrill paid a first tranche of ~$43 million and presently estimates aggregate liability is unlikely to exceed $61 million, subject to final calculations. Petrobras asserted delay‑penalty claims of approximately $213 million; the parties agreed to voluntary mediation, and no amounts have been accrued.

As of November 3, 2025, common shares outstanding were 62,374,171.

Seadrill Limited (SDRL) furnished an update on its business by announcing third quarter 2025 results via an accompanying press release.

The company submitted an 8-K under Item 2.02 to provide the market with this information, attaching the full press release as Exhibit 99.1 dated November 5, 2025. The company stated the information provided under Item 2.02, including Exhibit 99.1, is furnished and shall not be deemed filed under Section 18 of the Exchange Act. The filing was signed by Chief Financial Officer Grant Creed.

Seadrill Ltd (SDRL) Form 4 summary: Simon Johnson, listed as President & CEO, reported transactions dated 09/25/2025. He received 27,759 restricted stock units that convert one-for-one into common shares and that were part of a 55,518 RSU grant from 09/25/2023 vesting in two equal annual installments. He also disposed of 11,260 common shares on the same date at a reported price of $31.39 per share. Following these transactions he beneficially owns 105,518 common shares, held directly. The Form 4 is signed by an attorney-in-fact on 09/29/2025.

Grant R. Creed, Executive Vice President & Chief Financial Officer of Seadrill Ltd (SDRL), reported transactions dated 09/25/2025. On that date 7,705 restricted stock units vested and were converted one-for-one into common shares. The report also discloses a sale of 3,150 common shares at $31.39 per share. After these transactions the reporting person beneficially owned 35,972 common shares. The restricted stock units were originally granted on 09/25/2023 in a grant of 15,410 RSUs vesting in two equal annual installments beginning on the first anniversary of the grant.

Ali Samir H, EVP & Chief Commercial Officer of Seadrill Ltd (SDRL), reported Section 16 transactions dated 09/25/2025. A grant of 6,124 restricted stock units converted into 6,124 common shares (one-for-one conversion). On the same date the reporting person disposed of 2,410 common shares at a reported price of $31.39, leaving 28,878 shares beneficially owned after the sale. The Form 4 notes the underlying award originated from a 09/25/2023 grant of 12,248 RSUs that vest in two equal annual installments.

Seadrill Ltd (SDRL) insider activity: Torsten Sauer-Petersen, EVP & Chief Technology & Sustainability Officer, recorded transactions dated 09/25/2025. Restricted stock units converted and vested into common shares and a portion of common shares were sold.

The filing shows 6,124 restricted stock units treated as acquired on conversion to common shares and 2,426 common shares sold at $31.39, leaving 27,037 shares beneficially owned following the reported sale. The RSUs were part of a 12,248 grant made 09/25/2023 vesting in two equal annual installments.

Todd D. Strickler, SVP & General Counsel of Seadrill Ltd (SDRL), reported transactions on 09/25/2025 involving restricted stock units and common shares. He had 6,124 restricted stock units convert into 6,124 common shares and reported a sale of 2,410 common shares at $31.39 each. After these transactions he beneficially owned 15,523 common shares. The filing notes the original grant was 12,248 restricted stock units on 09/25/2023, vesting in two equal annual installments.

Seadrill Limited (SDRL) filed an 8-K reporting the inclusion by reference of an S-K biography for Mr. Sauer-Petersen in the company’s Annual Report for the fiscal year ended December 31, 2024, which was filed with the SEC on February 27, 2025. The filing states there are no arrangements or understandings relating to his selection as an executive officer, no family relationships with any director or executive officer, and no transactions involving Mr. Sauer-Petersen that must be disclosed under Item 404(a) of Regulation S-K. The form is signed by Grant Creed, Chief Financial Officer, and dated September 3, 2025.

Seadrill Limited insider Ali Samir H reported transactions on 08/27/2025 related to performance-based restricted stock units and open-market sales. 18,967 restricted stock units vested on certification of performance at 60.86%, resulting in the acquisition of 18,967 common shares. The reporting person also disposed of 7,464 common shares at a reported price of $31.97 per share. Following these transactions, the filing shows the reporting person beneficially owned 25,164 common shares. The vesting related to awards granted on August 6, 2022.