Seadrill SVP Marcel Wieggers exercises 651 RSUs

Seadrill Ltd Senior VP of Operations Marcel Wieggers reported equity award activity and a small share disposition.

Rhea-AI Filing Summary

Seadrill Ltd Senior VP of Operations Marcel Wieggers reported equity award activity and a small share disposition. On February 1, 2026, 651 restricted stock units converted into 651 common shares on a one-for-one basis, raising his directly owned common shares to 4,691.

On February 2, 2026, a transaction coded "F" disposed of 193 common shares at $38.3 per share, leaving 4,498 common shares owned directly. The restricted stock units arose from a 1,953-unit grant made on February 1, 2023 that vests in three equal annual installments.

Insider Trade Summary

651 shares exercised/converted

Exercise 3 txns

Insider Wieggers Marcel

Role Senior VP, Operations

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Shares	193	$38.30	$7K
Exercise	Restricted Stock Units	651	$0.00	$0.00
Exercise	Common Shares	651	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 0 contracts (Direct); Common Shares — 4,498 shares (Direct)

Footnotes (2)

1. F1. Restricted stock units convert into common shares, par value $0.01 per share, of Seadrill Limited on a one-for-one basis.
2. F2. On February 1, 2023, the reporting person was granted 1,953 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.

FAQ

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Who is the insider in the Seadrill (SDRL) Form 4 and what is their role?

The insider is Marcel Wieggers, Senior VP of Operations at Seadrill Ltd (SDRL). He is an officer, not a director or 10% owner, and reported transactions involving restricted stock units and common shares in early February 2026.

What RSU transaction did Marcel Wieggers report for Seadrill (SDRL)?

On February 1, 2026, 651 restricted stock units converted into 651 Seadrill common shares. The units convert one-for-one into common shares and stem from a 1,953-unit grant made on February 1, 2023, vesting in three equal annual installments.

How many Seadrill (SDRL) shares does Marcel Wieggers own after these transactions?

After the reported transactions, Marcel Wieggers directly owns 4,498 Seadrill common shares. His holdings rose to 4,691 shares following the RSU conversion on February 1, 2026, then decreased after a February 2, 2026 disposition of 193 shares.

What share sale or disposition did the Seadrill (SDRL) Form 4 disclose?

On February 2, 2026, a transaction coded "F" disposed of 193 Seadrill common shares at $38.3 per share. Following this disposition, Senior VP of Operations Marcel Wieggers directly held 4,498 common shares of Seadrill Ltd.

What was the original restricted stock unit grant reported for Seadrill (SDRL)?

On February 1, 2023, Wieggers was granted 1,953 restricted stock units of Seadrill Ltd. According to the footnote, these RSUs vest in three equal annual installments beginning on the first anniversary of the grant date, with each tranche representing 651 units.

How do Seadrill (SDRL) restricted stock units convert into common shares?

The restricted stock units convert into Seadrill common shares on a one-for-one basis. Each RSU becomes one common share with a par value of $0.01 per share, as disclosed in the footnote to the Form 4 filed for Marcel Wieggers.

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Accepted by SEC EDGAR 02/03/2026 - 06:00 PM 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^*

Wieggers Marcel

(Last) (First) (Middle)

11025 EQUITY DRIVE, SUITE 150

(Street)

HOUSTON TX 77041

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/01/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	02/01/2026		M		651	A	(1)	4,691	D
Common Shares	02/02/2026		F		193	D	$38.3	4,498	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)	02/01/2026		M			651	(2)	(2)	Common Shares	651	$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 February 1, 2023, the reporting person was granted 1,953 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	02/03/2026
	** 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.