Seadrill director receives 2,618 restricted stock units

Quarls Harry reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Quarls Harry reported acquisition or exercise transactions in this Form 4 filing.

Seadrill Limited director Harry Quarls reported a grant of 2,618 restricted stock units. These units were awarded as compensation and each unit represents a contingent right to receive one Seadrill common share with a par value of $0.01 per share.

The restricted stock units vest either on the date of Seadrill’s 2027 Annual General Meeting of Shareholders, if that meeting occurs at least 50 weeks after the June 3, 2026 grant date, or otherwise on the first anniversary of the grant date. Upon vesting, they will be settled in cash or common shares at the election of the board’s Joint Nomination and Remuneration Committee.

Insider Trade Summary

Grant/Award: 2,618 shares

Grant/Award 1 txn

Insider Quarls Harry

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	2,618	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 2,618 contracts (Direct)

Footnotes (2)

1. F1. Represents restricted stock units granted to the reporting person on June 3, 2026. Each restricted stock unit represents a contingent right to receive one common share, par value $0.01 per share (a "Common Share"), of Seadrill Limited (the "Company").
2. F2. The restricted stock units vest either (i) on the date of the 2027 Annual General Meeting of Shareholders of the Company (the "2027 Meeting"), if the 2027 Meeting occurs at least 50 weeks from the grant date or (ii) if earlier or the 2027 Meeting occurs less than 50 weeks from the grant date, on the first anniversary of the grant date, and will be settled in cash or Common Shares at the election of the Joint Nomination and Remuneration Committee of the Board of Directors of the Company.

Key Figures

RSUs granted: 2,618 units Underlying shares: 2,618 shares Par value per share: $0.01 per share +2 more

5 metrics

RSUs granted 2,618 units Restricted stock units granted on June 3, 2026

Underlying shares 2,618 shares Each RSU represents one common share

Par value per share $0.01 per share Par value of Seadrill common shares

Vesting trigger 2027 AGM or 1-year anniversary Vests at 2027 Meeting if ≥50 weeks post-grant, otherwise 1-year

Settlement choice Cash or shares At election of Joint Nomination and Remuneration Committee

Key Terms

Restricted Stock Units, contingent right, par value, Annual General Meeting of Shareholders, +1 more

5 terms

Restricted Stock Units financial

"Represents restricted stock units granted to the reporting person on June 3, 2026."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

contingent right financial

"Each restricted stock unit represents a contingent right to receive one common share..."

par value financial

"one common share, par value $0.01 per share (a "Common Share"), of Seadrill Limited"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

Annual General Meeting of Shareholders regulatory

"vest either (i) on the date of the 2027 Annual General Meeting of Shareholders of the Company"

Joint Nomination and Remuneration Committee regulatory

"will be settled in cash or Common Shares at the election of the Joint Nomination and Remuneration Committee"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Seadrill (SDRL) director Harry Quarls report?

Harry Quarls reported receiving 2,618 restricted stock units from Seadrill as a compensation grant. Each unit represents a contingent right to receive one common share, giving him potential equity exposure once vesting conditions are satisfied and units are settled.

How many restricted stock units did Seadrill (SDRL) grant to Harry Quarls?

Seadrill granted Harry Quarls 2,618 restricted stock units under the company’s equity compensation arrangements. Each restricted stock unit corresponds to one common share, providing potential future ownership once vesting conditions are met and the company settles the award.

When do Harry Quarls’ Seadrill (SDRL) restricted stock units vest?

The restricted stock units vest on Seadrill’s 2027 Annual General Meeting date if that meeting occurs at least 50 weeks after the June 3, 2026 grant. Otherwise, vesting occurs on the first anniversary of the grant date, subject to the award’s terms.

How will Harry Quarls’ Seadrill (SDRL) restricted stock units be settled?

Upon vesting, Harry Quarls’ restricted stock units will be settled either in cash or in Seadrill common shares. The choice between cash and shares is made by the Joint Nomination and Remuneration Committee of Seadrill’s Board of Directors, not by the director.

What does each Seadrill (SDRL) restricted stock unit granted to Harry Quarls represent?

Each restricted stock unit represents a contingent right to receive one Seadrill common share with a par value of $0.01. The right is contingent because Quarls must meet vesting conditions before any cash or shares are delivered under the award.

Does Harry Quarls’ Seadrill (SDRL) Form 4 show any stock sales or purchases?

The Form 4 shows only an acquisition of 2,618 restricted stock units as a grant or award. It does not report any open-market purchases or sales of Seadrill common shares, focusing solely on this equity-based compensation transaction.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/05/2026 - 11:46 AM EDT Learn about SEC filing dates

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^*

Quarls Harry

(Last) (First) (Middle)

4425 WESTWAY PARK BLVD., SUITE 170

(Street)

HOUSTON TEXAS 77041

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SEADRILL Ltd [ SDRL ]

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/03/2026

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

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
Restricted Stock Units	(1)	06/03/2026		A		2,618		(2)	(2)	Common Shares	2,618	$0	2,618	D

Explanation of Responses:

1. Represents restricted stock units granted to the reporting person on June 3, 2026. Each restricted stock unit represents a contingent right to receive one common share, par value $0.01 per share (a "Common Share"), of Seadrill Limited (the "Company").

2. The restricted stock units vest either (i) on the date of the 2027 Annual General Meeting of Shareholders of the Company (the "2027 Meeting"), if the 2027 Meeting occurs at least 50 weeks from the grant date or (ii) if earlier or the 2027 Meeting occurs less than 50 weeks from the grant date, on the first anniversary of the grant date, and will be settled in cash or Common Shares at the election of the Joint Nomination and Remuneration Committee of the Board of Directors of the Company.

	/s/ Todd D. Strickler, attorney-in-fact	06/05/2026
	** 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)