SEADRILL (SDRL) CFO Creed Grant R sells 34,147 common shares in market trades
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SEADRILL Ltd Executive Vice President & CFO Creed Grant R sold common shares in two open-market transactions. On June 11, 2026, he sold a total of 34,147 common shares of SEADRILL Ltd in open-market sales.
The first sale covered 27,952 shares at a weighted average price of $44.92, with individual trades executed between $43.87 and $44.435. The second sale covered 6,195 shares at a weighted average price of $44.20, with trades between $44.44 and $45.425, as disclosed in the footnotes.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 34,147 shares ($1,529,423)
Net Sell
2 txns
Insider
Creed Grant R
Role
Executive Vice President & CFO
Sold
34,147 shs ($1.53M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares | 6,195 | $44.20 | $274K |
| Sale | Common Shares | 27,952 | $44.92 | $1.26M |
Holdings After Transaction:
Common Shares — 51,016 shares (Direct, null)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.87 to $44.435, inclusive. The reporting person undertakes to provide to Seadrill Limited (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1) and (2) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.44 to $45.425, inclusive.
Key Figures
Total shares sold: 34,147 shares
First block sold: 27,952 shares at $44.92
Second block sold: 6,195 shares at $44.20
+2 more
5 metrics
Total shares sold
34,147 shares
Open-market sales on June 11, 2026
First block sold
27,952 shares at $44.92
Weighted average price, common shares
Second block sold
6,195 shares at $44.20
Weighted average price, common shares
First price range
$43.87–$44.435
Multiple trades within this range
Second price range
$44.44–$45.425
Multiple trades within this range
Key Terms
weighted average price, open-market sale, Form 4
3 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action: "open-market sale" for each common share transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Form 4 regulatory
"within the ranges set forth in footnotes (1) and (2) to this Form 4."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did SEADRILL (SDRL) disclose for Creed Grant R?
SEADRILL disclosed that Executive Vice President & CFO Creed Grant R sold 34,147 common shares in two open-market transactions on June 11, 2026. These trades were reported on a Form 4 insider filing with detailed share counts and weighted average prices.
Were the SEADRILL (SDRL) CFO stock sales open-market transactions?
Yes, both transactions by the SEADRILL CFO were open-market sales of common shares. The Form 4 classifies each as an open-market sale, meaning the shares were sold through normal trading on the market rather than through a private agreement.
Does the SEADRILL (SDRL) Form 4 state that prices are weighted averages?
Yes. The footnotes explain that the prices in Column 4 are weighted average prices. Each sale involved multiple trades within specified price ranges, and the insider offers to provide detailed trade-by-trade information upon request to investors or regulators.