Seadrill (SDRL) CEO exercises 3,913 RSUs and withholds 1,540 shares for tax

Rhea-AI Filing Summary

Seadrill Ltd President & CEO Ali Samir H reported routine equity compensation activity involving restricted stock units. On April 17, 2026, he exercised 3,913 restricted stock units, which converted into the same number of common shares on a one-for-one basis.

To cover tax obligations, 1,540 common shares were disposed of at $46.17 per share through a tax-withholding transaction, leaving him with 39,940 common shares held directly after these transactions. The filing also notes an earlier grant of 11,738 restricted stock units on April 17, 2024, vesting in three equal annual installments.

Insights

Equity compensation analyst

Routine RSU vesting with tax withholding, not an open-market trade.

The CEO of Seadrill Ltd exercised 3,913 restricted stock units into common shares and had 1,540 shares withheld to satisfy tax obligations at $46.17 per share. This is coded as an M (exercise) plus F (tax withholding) pattern.

Because the F-code disposition represents shares surrendered for taxes rather than an open-market sale, it carries little directional signal about insider sentiment. Following these transactions, he directly holds 39,940 common shares, indicating this was a routine vesting event rather than a major position change.

Insider Trade Summary

3,913 shares exercised/converted

Mixed 3 txns

Insider Ali Samir H

Role President & CEO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	3,913	$0.00	--
Exercise	Common Shares	3,913	$0.00	--
Tax Withholding	Common Shares	1,540	$46.17	$71K

Holdings After Transaction: Restricted Stock Units — 3,913 shares (Direct, null); Common Shares — 41,480 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 units Shares withheld for tax: 1,540 shares Withholding price: $46.17 per share +2 more

5 metrics

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

Shares withheld for tax 1,540 shares Tax-withholding disposition at $46.17 per share

Withholding price $46.17 per share Price used for F-code tax-withholding transaction

Shares held after transactions 39,940 shares Common shares directly owned following April 17, 2026 events

RSU grant size 11,738 units Restricted stock units granted April 17, 2024, vesting over three years

Key Terms

Restricted stock units, tax-withholding disposition, derivative security, one-for-one basis

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 for 1,540 common shares"

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 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.

one-for-one basis financial

"Restricted stock units convert into common shares on a one-for-one basis"

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^*

Ali Samir H

(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)
	President & CEO

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)	41,480	D
Common Shares	04/17/2026		F		1,540	D	$46.17	39,940	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 transactions did Seadrill (SDRL) CEO Ali Samir H report?

He reported exercising 3,913 restricted stock units into common shares and a related tax-withholding disposition of 1,540 shares at $46.17 per share. These moves reflect routine equity compensation activity rather than open-market buying or selling of Seadrill shares.

Did the Seadrill (SDRL) CEO buy or sell shares on the open market?

No open-market trades were reported. The filing shows an option-style exercise of 3,913 restricted stock units and a tax-withholding disposition of 1,540 shares. The F-code transaction covers tax liabilities and is not considered a discretionary market sale of Seadrill stock.

How many Seadrill (SDRL) shares does the CEO hold after these transactions?

After the reported equity compensation events, the CEO directly holds 39,940 common shares of Seadrill Ltd. This total reflects the net effect of exercising 3,913 restricted stock units and surrendering 1,540 shares to cover tax obligations associated with the vesting.

What is the significance of the 3,913 restricted stock units in Seadrill’s Form 4?

The 3,913 restricted stock units converted into an equal number of Seadrill common shares on a one-for-one basis. This conversion reflects the vesting of a prior equity award rather than a new purchase, and is part of the CEO’s ongoing stock-based compensation package from the company.

What prior restricted stock unit grant is referenced for Seadrill (SDRL) CEO Ali Samir H?

A grant of 11,738 restricted stock units was awarded on April 17, 2024, vesting in three equal annual installments starting on the first anniversary. The 3,913 units exercised in this filing represent a portion of that award as it vests over time under the grant’s terms.