Seadrill CFO exercises RSUs, withholds shares for tax

Seadrill Ltd Executive Vice President & CFO Creed R. Grant reported routine equity compensation activity.

Rhea-AI Filing Summary

Seadrill Ltd Executive Vice President & CFO Creed R. Grant reported routine equity compensation activity. On April 25, he exercised 12,238 restricted stock units, converting them into the same number of common shares. These units convert into common shares of Seadrill Limited on a one-for-one basis.

On April 27, 4,816 of those common shares were disposed of to satisfy tax obligations at a price of $48.10 per share, a tax-withholding disposition rather than an open-market sale. After these transactions, Grant directly holds 57,211 common shares.

Insider Trade Summary

12,238 shares exercised/converted

Exercise 3 txns

Insider Creed Grant R

Role Executive Vice President & CFO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Shares	4,816	$48.10	$232K
Exercise	Restricted Stock Units	12,238	$0.00	$0.00
Exercise	Common Shares	12,238	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 24,476 contracts (Direct); Common Shares — 57,211 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 April 25, 2025, the reporting person was granted 36,714 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.

Key Figures

RSUs exercised: 12,238 units Shares for tax withholding: 4,816 shares Tax withholding price: $48.10 per share +1 more

4 metrics

RSUs exercised 12,238 units Restricted stock units converted into common shares on April 25, 2026

Shares for tax withholding 4,816 shares Disposed of to satisfy tax obligations on April 27, 2026

Tax withholding price $48.10 per share Value applied to 4,816 common shares used for tax payment

Post-transaction holdings 57,211 shares Common shares directly owned by Creed Grant after transactions

Key Terms

Restricted stock units, tax-withholding disposition, derivative security, Exercise or conversion of derivative security

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""

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.

Exercise or conversion of derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Seadrill (SDRL) report for Creed R. Grant?

Seadrill reported that Executive Vice President & CFO Creed R. Grant exercised 12,238 restricted stock units into common shares, then had 4,816 of those shares disposed of to cover tax obligations. Following these routine compensation-related transactions, he directly holds 57,211 common shares.

Did Seadrill (SDRL) CFO Creed Grant sell shares on the open market?

The filing shows no open-market sale. Instead, 4,816 common shares were disposed of at $48.10 per share to satisfy tax liabilities, a tax-withholding disposition. This is a common mechanism tied to equity awards rather than a discretionary market sale.

How many Seadrill (SDRL) restricted stock units did the CFO convert?

Creed Grant exercised 12,238 restricted stock units, which converted into 12,238 common shares on a one-for-one basis. These RSUs are part of his equity compensation and convert into common shares of Seadrill Limited according to the plan terms described in the filing footnotes.

What is Creed Grant’s Seadrill (SDRL) shareholding after these Form 4 transactions?

After the reported transactions, Creed Grant directly holds 57,211 common shares of Seadrill. This reflects the net impact of exercising 12,238 restricted stock units into common shares and the tax-withholding disposition of 4,816 shares used to satisfy associated tax obligations.

At what price were Seadrill (SDRL) shares used for the tax withholding?

The 4,816 common shares disposed of for tax withholding were valued at $48.10 per share. This disposition was reported with transaction code “F,” indicating payment of a tax liability by delivering securities rather than an open-market sale initiated by the insider.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/28/2026 - 11:46 AM EDT 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^*

Creed Grant R

(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)
	Executive Vice President & CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/25/2026

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	04/25/2026		M		12,238	A	(1)	62,027	D
Common Shares	04/27/2026		F		4,816	D	$48.1	57,211	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)	04/25/2026		M			12,238	(2)	(2)	Common Shares	12,238	$0	24,476	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 25, 2025, the reporting person was granted 36,714 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	04/28/2026
	** 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)