Seadrill (SDRL) officer exercises 3,913 RSUs and withholds shares for taxes

Rhea-AI Filing Summary

Seadrill Ltd officer Torsten Sauer-Petersen reported compensation-related equity transactions in company stock. On April 17, he exercised restricted stock units to acquire 3,913 common shares of Seadrill, converting the units on a one-for-one basis.

To cover tax obligations, 1,540 common shares were disposed of as a tax-withholding transaction, rather than an open-market sale. After these transactions, he directly held 37,801 common shares. The filing indicates this was part of an RSU grant originally awarded in 2024 that vests in three equal annual installments.

Insider Trade Summary

3,913 shares exercised/converted

Mixed 3 txns

Insider Sauer-Petersen Torsten

Role See Remarks

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 — 39,341 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 shares Tax-withholding shares: 1,540 shares at $46.17 Post-transaction holdings: 37,801 shares +1 more

4 metrics

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

Tax-withholding shares 1,540 shares at $46.17 Shares delivered to cover tax liability on April 17

Post-transaction holdings 37,801 shares Common shares directly owned after transactions

Prior RSU grant 11,738 units RSUs granted April 17, 2024, vesting in three equal annual installments

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""

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^*

Sauer-Petersen Torsten

(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)
	See Remarks

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)	39,341	D
Common Shares	04/17/2026		F		1,540	D	$46.17	37,801	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.

Remarks:

EVP, Chief Technology & Sustainability Officer Management

	/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) report for Torsten Sauer-Petersen?

Torsten Sauer-Petersen exercised restricted stock units and had shares withheld for taxes. He converted 3,913 restricted stock units into common shares, then 1,540 shares were disposed of in a tax-withholding transaction, a non-market event used to satisfy tax obligations on equity compensation.

Did the Seadrill (SDRL) insider sale involve open-market selling of shares?

No, the disposition was a tax-withholding transaction, not an open-market sale. The Form 4 shows 1,540 common shares were delivered to cover tax liabilities tied to equity compensation, which is a routine administrative step rather than a discretionary sale into the market.

How many Seadrill (SDRL) shares did the insider acquire through equity awards?

The insider acquired 3,913 Seadrill common shares by exercising restricted stock units. These restricted stock units convert into common shares on a one-for-one basis, reflecting previously granted equity compensation that vested and was settled in stock on April 17.

What are Torsten Sauer-Petersen’s Seadrill (SDRL) holdings after the reported transactions?

After the reported transactions, he directly held 37,801 Seadrill common shares. This figure reflects his remaining ownership following the RSU conversion into common shares and the related tax-withholding share disposition recorded in the Form 4 filing.

What does the Form 4 reveal about Seadrill (SDRL) restricted stock units?

It shows restricted stock units convert one-for-one into Seadrill common shares. A prior grant of 11,738 RSUs from April 17, 2024, vests in three equal annual installments, and a portion of that grant (3,913 RSUs) converted into common shares on April 17.