SEADRILL (SDRL) SVP & General Counsel sells 31,409 shares, exits direct stake

Rhea-AI Filing Summary

SEADRILL Ltd senior vice president and general counsel Todd D. Strickler sold 31,409 common shares in an open-market transaction. The weighted average sale price was $44.69 per share, with individual trades ranging from $44.49 to $44.91. Following this transaction, the filing reports that he directly owns no common shares.

Insider Trade Summary

Net Seller: 31,409 shares ($1,403,668)

Net Sell 1 txn

Insider Strickler Todd D

Role SVP & General Counsel

Sold 31,409 shs ($1.40M)

Type	Security	Shares	Price	Value
Sale	Common Shares	31,409	$44.69	$1.40M

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

Footnotes (1)

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Key Figures

Shares sold: 31,409 shares Weighted average sale price: $44.69 per share Sale price range: $44.49–$44.91 per share +1 more

4 metrics

Shares sold 31,409 shares Common shares sold in open-market transaction

Weighted average sale price $44.69 per share Average price across multiple sale executions

Sale price range $44.49–$44.91 per share Range of individual trade prices

Shares held after transaction 0 shares Total common shares directly owned following sale

Key Terms

open-market sale, weighted average price, Form 4

3 terms

open-market sale financial

"The transaction is described as an open-market sale of common shares."

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.

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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^*

Strickler Todd D

(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)
	SVP & General Counsel

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)
			Code	V	Amount	(A) or (D)	Price
Common Shares	06/10/2026		S		31,409	D	$44.69(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

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 $44.49 to $44.91, 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.

	/s/ Todd D. Strickler	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)

FAQ

What insider transaction did SEADRILL (SDRL) report for Todd D. Strickler?

SEADRILL reported that SVP and general counsel Todd D. Strickler sold 31,409 common shares. The sale was executed as an open-market transaction, and after it the filing shows he directly holds no common shares.

At what price were Todd D. Strickler’s SEADRILL (SDRL) shares sold?

The shares were sold at a weighted average price of $44.69 per share. Individual trades took place between $44.49 and $44.91 per share, according to the Form 4 footnote disclosure.

How many SEADRILL (SDRL) shares did Todd D. Strickler sell in this Form 4?

Todd D. Strickler sold 31,409 SEADRILL common shares in this reported transaction. The Form 4 classifies the trade as a non-derivative, open-market sale of common shares.

How many SEADRILL (SDRL) shares does Todd D. Strickler hold after the sale?

After the reported sale, the Form 4 indicates Todd D. Strickler directly holds zero common shares. The “total shares following transaction” field is shown as 0.0000, reflecting his direct ownership position after the trade.

Was the SEADRILL (SDRL) insider transaction an open-market sale?

Yes. The transaction is coded as an open-market sale of common shares. The Form 4 describes it as a sale in the open market or private transaction at prices between $44.49 and $44.91 per share.

Does the SEADRILL (SDRL) Form 4 list any derivative positions for Todd D. Strickler?

No derivative positions are listed for Todd D. Strickler in this Form 4. The derivative section is empty, indicating no options or other derivatives are reported in this particular filing.