Seadrill (SDRL) director converts 6,075 RSUs into common shares

Rhea-AI Filing Summary

Seadrill Ltd director Julie J. Robertson exercised 6,075 restricted stock units into common shares on May 14, 2026 as part of her equity compensation. The RSUs convert into common shares on a one-for-one basis. Following the transaction, she directly holds 9,086 common shares of Seadrill.

Insider Trade Summary

6,075 shares exercised/converted

Mixed 2 txns

Insider ROBERTSON JULIE J

Role null

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	6,075	$0.00	--
Exercise	Common Shares	6,075	$0.00	--

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Common Shares — 9,086 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 May 14, 2025, the reporting person was granted 6,075 restricted stock units, all of which vested on the first anniversary of the grant date.

Key Figures

RSUs exercised: 6,075 shares Shares held after transaction: 9,086 common shares RSU conversion ratio: 1:1 into common shares +2 more

5 metrics

RSUs exercised 6,075 shares Restricted stock units converted to common shares on May 14, 2026

Shares held after transaction 9,086 common shares Direct holdings following RSU conversion

RSU conversion ratio 1:1 into common shares Restricted stock units convert one-for-one into Seadrill common shares

Par value per share $0.01 per share Par value of Seadrill common shares received upon RSU conversion

RSU grant date May 14, 2025 Date 6,075 restricted stock units were granted

Key Terms

Restricted stock units, derivative security, par value $0.01 per share

3 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.

derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

par value $0.01 per share financial

"common shares, par value $0.01 per share, of Seadrill Limited"

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^*

ROBERTSON JULIE J

(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)
05/14/2026

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	05/14/2026		M		6,075	A	(1)	9,086	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)	05/14/2026		M			6,075	(2)	(2)	Common Shares	6,075	$0	0	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 May 14, 2025, the reporting person was granted 6,075 restricted stock units, all of which vested on the first anniversary of the grant date.

	/s/ Todd D. Strickler, attorney-in-fact	05/18/2026
	** 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 Julie J. Robertson?

Seadrill reported that director Julie J. Robertson exercised 6,075 restricted stock units into common shares on May 14, 2026. This is a compensation-related equity conversion, not an open-market stock purchase or sale.

How many Seadrill (SDRL) shares does Julie J. Robertson hold after this Form 4?

After the RSU conversion, Julie J. Robertson directly holds 9,086 common shares of Seadrill. This total reflects her position immediately following the 6,075-share restricted stock unit exercise reported in the Form 4 filing.

Were Julie J. Robertson’s Seadrill (SDRL) transactions open-market buys or sells?

The transactions were not open-market buys or sells. They represent a derivative exercise/conversion, where 6,075 restricted stock units converted into common shares as part of her equity compensation vesting.

What do Seadrill (SDRL) restricted stock units represent in this Form 4?

The restricted stock units represent a right to receive Seadrill common shares upon vesting. In this filing, 6,075 RSUs converted on a one-for-one basis into common shares with a stated par value of $0.01 per share.

When were the Seadrill (SDRL) restricted stock units granted to Julie J. Robertson?

According to the footnotes, Julie J. Robertson was granted 6,075 restricted stock units on May 14, 2025. All of these units vested on the first anniversary of the grant date, leading to the share conversion reported.