Seadrill (SDRL) officer sells 42,625 shares, exits direct stake

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

SEADRILL Ltd officer Torsten Sauer-Petersen reported an open-market sale of common shares. On June 10, 2026, he sold 42,625 common shares at a weighted average price of $44.68 per share. After this transaction, he no longer holds any common shares directly.

The sale was executed in multiple trades at prices ranging from $44.505 to $44.895, and the weighted average price reflects this range.

Insider Trade Summary

Net Seller: 42,625 shares ($1,904,485)

Net Sell 1 txn

Insider Sauer-Petersen Torsten

Role See Remarks

Sold 42,625 shs ($1.90M)

Type	Security	Shares	Price	Value
Sale	Common Shares	42,625	$44.68	$1.90M

Holdings After Transaction: Common Shares — 0 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares sold: 42,625 shares Weighted average sale price: $44.68 per share Post-transaction direct holdings: 0 shares +1 more

4 metrics

Shares sold 42,625 shares Common shares sold on June 10, 2026

Weighted average sale price $44.68 per share Average price for 42,625 common shares sold

Post-transaction direct holdings 0 shares Total common shares directly held after sale

Sale price range $44.505–$44.895 per share Range of individual trade prices in the sale

Key Terms

open-market sale, weighted average price, Form 4, non-derivative

4 terms

open-market sale financial

"transaction_action: "open-market sale""

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.

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.

Form 4 regulatory

"within the range set forth in footnote (1) 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.

non-derivative financial

"transaction_type: "non-derivative""

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Form 4 Insider Transactions: What Each Field Means →

06/12/2026 - 03:40 PM

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^*

Sauer-Petersen Torsten

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	06/10/2026		S		42,625	D	$44.68⁽¹⁾	0	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.505 to $44.895, 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 range set forth in footnote (1) to this Form 4.

Remarks:

EVP, Chief Technology & Sustainability Officer

	/s/ Todd D. Strickler, attorney-in-fact	06/12/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did SEADRILL Ltd (SDRL) report for Torsten Sauer-Petersen?

SEADRILL Ltd reported that officer Torsten Sauer-Petersen sold 42,625 common shares in an open-market transaction at a weighted average price of $44.68 per share. This Form 4 filing shows a direct reduction of his common share holdings to zero.

On what date did the SEADRILL Ltd (SDRL) insider sale by Torsten Sauer-Petersen occur?

The insider sale took place on June 10, 2026. On that date, Torsten Sauer-Petersen executed open-market transactions totaling 42,625 common shares at prices ranging from $44.505 to $44.895 per share, resulting in a weighted average price of $44.68.

How many SEADRILL Ltd (SDRL) shares did Torsten Sauer-Petersen hold after the reported sale?

Following the reported transaction, Torsten Sauer-Petersen held zero SEADRILL Ltd common shares directly. The Form 4 indicates total shares following the transaction were 0.0000, meaning this sale fully closed his directly reported common share position.

What price range was involved in the SEADRILL Ltd (SDRL) insider sale by Torsten Sauer-Petersen?

The sale was executed in multiple trades with prices ranging from $44.505 to $44.895 per share. The Form 4 reports a weighted average sale price of $44.68, reflecting all individual transactions within that disclosed price range.

What type of transaction did SEADRILL Ltd (SDRL) disclose for Torsten Sauer-Petersen on Form 4?

The filing describes an open-market sale of common shares. It is coded as transaction type "S," indicating a sale in open market or private transaction, and involves 42,625 non-derivative common shares sold directly by the reporting officer.