Seadrill (NYSE: SDRL) SVP exercises RSUs, nets 3,913 new shares

Rhea-AI Filing Summary

Seadrill Ltd Senior VP of Operations Marcel Wieggers exercised restricted stock units that converted into 3,913 common shares on a one-for-one basis. To cover tax obligations, 953 common shares were disposed of through a tax-withholding transaction. Following these routine compensation-related events, he directly owns 8,411 common shares of Seadrill.

Insider Trade Summary

3,913 shares exercised/converted

Mixed 3 txns

Insider Wieggers Marcel

Role Senior VP, Operations

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	3,913	$0.00	--
Exercise	Common Shares	3,913	$0.00	--
Tax Withholding	Common Shares	953	$46.17	$44K

Holdings After Transaction: Restricted Stock Units — 3,913 shares (Direct, null); Common Shares — 8,411 shares (Direct, null)

Footnotes (1)

1. Restricted stock units convert into common shares, par value $0.01 per share, of Seadrill Limited on a one-for-one basis. On April 17, 2024, the reporting person was granted 11,738 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.

Key Figures

RSUs exercised: 3,913 shares Tax-withheld shares: 953 shares Post-transaction holdings: 8,411 common shares +2 more

5 metrics

RSUs exercised 3,913 shares Restricted stock units converted into common shares on April 17, 2026

Tax-withheld shares 953 shares Shares delivered to cover tax liability on April 17, 2026

Post-transaction holdings 8,411 common shares Direct ownership after transactions on April 17, 2026

Original RSU grant 11,738 RSUs Grant on April 17, 2024, vesting in three equal annual installments

RSU conversion ratio 1:1 Each restricted stock unit converts into one common share

Key Terms

Restricted stock units, tax-withholding disposition, derivative exercise/conversion, vesting in three equal annual installments

4 terms

Restricted stock units financial

"Restricted stock units convert into common shares, par value $0.01 per share"

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.

tax-withholding disposition financial

"transaction_action: tax-withholding disposition"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

derivative exercise/conversion financial

"transaction_action: derivative exercise/conversion"

vesting in three equal annual installments financial

"vesting in three equal annual installments beginning on the first anniversary"

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^*

Wieggers Marcel

(Last) (First) (Middle)

11025 EQUITY DRIVE, SUITE 150

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Senior VP, Operations

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/17/2026

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
Common Shares	04/17/2026		M		3,913	A	(1)	8,411	D
Common Shares	04/17/2026		F		953	D	$46.17	7,458	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
Restricted Stock Units	(1)	04/17/2026		M			3,913	(2)	(2)	Common Shares	3,913	$0	3,913	D

Explanation of Responses:

1. Restricted stock units convert into common shares, par value $0.01 per share, of Seadrill Limited on a one-for-one basis.

2. On April 17, 2024, the reporting person was granted 11,738 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.

	/s/ Todd D. Strickler, attorney-in-fact	04/21/2026
	** 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 Seadrill (SDRL) report for Marcel Wieggers?

Seadrill reported that Senior VP of Operations Marcel Wieggers exercised restricted stock units into 3,913 common shares. As part of this vesting event, 953 shares were withheld to satisfy tax obligations, leaving him with 8,411 common shares directly owned.

How many Seadrill (SDRL) shares does Marcel Wieggers own after this Form 4?

After the reported transactions, Marcel Wieggers directly owns 8,411 common shares of Seadrill. This reflects the vesting and conversion of restricted stock units, partially offset by 953 shares disposed of to cover tax liabilities tied to the award.

What do the M and F transaction codes mean in the Seadrill (SDRL) Form 4?

In this Form 4, code M indicates a derivative exercise/conversion, where restricted stock units converted into 3,913 common shares. Code F reflects a tax-withholding disposition, where 953 shares were delivered to satisfy tax obligations on the equity award.

Were Seadrill (SDRL) shares sold on the open market by Marcel Wieggers?

The filing shows a tax-withholding disposition of 953 common shares under code F, used to pay tax obligations. This is not an open-market sale; instead, it is a routine mechanism tied to the vesting of equity compensation awards like restricted stock units.

How many restricted stock units was Marcel Wieggers originally granted at Seadrill (SDRL)?

A footnote states that on April 17, 2024, Marcel Wieggers was granted 11,738 restricted stock units. These units vest in three equal annual installments beginning on the first anniversary of the grant date, forming part of his long-term equity compensation.

What is the conversion rate of Seadrill (SDRL) restricted stock units to common shares?

The footnotes explain that Seadrill restricted stock units convert into common shares on a one-for-one basis. In this filing, 3,913 restricted stock units converted into 3,913 common shares, consistent with that stated one-for-one conversion ratio.