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Seadrill Limited Director's Dealing 2023

Aug 31, 2023

Director's Dealing

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1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Simon Johnson
2	Reason for the notification
a)	Position/status	Primary insider, Chief Executive Officer
b)	Initial notification/Amendment	Initial notification
3	Details of issuer

a)	Name	Seadrill Limited
b)	LEI	213800LZ4WWG15NAC829
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)	Description of the financial instrument, type of instrument Identification code	Derivative, Time-vested Restricted Stock Units linked to the shares of Seadrill Limited (BMG7998G1069)
b)	Nature of the transaction	Cash settlement of Time-vested Restricted Stock Units.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		USD 46.84	17,809

d)	Aggregated information	Cash settlement of 17,809 Time-vested Restricted Stock Units for a total of USD
	— Aggregated volume	834,174.
	— Price
e)	Date of the transaction	2023-08-31
f)	Place of the transaction	Outside a trading venue.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Leif Nelson
2	Reason for the notification
a)	Position/status		Primary insider, Chief Operations & Technology Officer
b)	Initial	Initial notification
	notification/Amendment
3	Details of issuer
a)	Name	Seadrill Limited
b)	LEI	213800LZ4WWG15NAC829
4		Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type
		of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Derivative, Time-vested Restricted Stock Units linked to the shares of Seadrill Limited (BMG7998G1069)
b)	Nature of the transaction	Cash settlement of Time-vested Restricted Stock Units.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		USD 46.84	8,904

d)	Aggregated information	Cash settlement of 8,904 Time-vested Restricted Stock Units for a total of USD
	— Aggregated volume	417,063.
	— Price
e)	Date of the transaction	2023-08-31
f)	Place of the transaction	Outside a trading venue.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Grant Creed
2	Reason for the notification
a)	Position/status	Primary insider, Chief Financial Officer
b)	Initial	Initial notification
	notification/Amendment
3	Details of issuer
a)	Name	Seadrill Limited
b)	LEI	213800LZ4WWG15NAC829
4		Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type
		of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Derivative, Time-vested Restricted Stock Units linked to the shares of Seadrill Limited (BMG7998G1069)
b)	Nature of the transaction	Cash settlement of Time-vested Restricted Stock Units.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		USD 46.84	6,233

d)	Aggregated information	Cash settlement of 6,233 Time-vested Restricted Stock Units for a total of USD
	— Aggregated volume	291,954.
	— Price
e)	Date of the transaction	2023-08-31
f)	Place of the transaction	Outside a trading venue.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Torsten Sauer-Petersen
2	Reason for the notification
a)	Position/status	Primary insider, Human Resources
b)	Initial notification/Amendment	Initial notification
3	Details of issuer
a)	Name	Seadrill Limited
b)	LEI	213800LZ4WWG15NAC829
4		Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Derivative, Time-vested Restricted Stock Units linked to the shares of Seadrill Limited (BMG7998G1069)
b)	Nature of the transaction	Cash settlement of Time-vested Restricted Stock Units.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		USD 46.84	4,452

d)	Aggregated information — Aggregated volume — Price	Cash settlement of 4,452 Time-vested Restricted Stock Units for a total of USD 208,532.
e)	Date of the transaction	2023-08-31
f)	Place of the transaction	Outside a trading venue.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Samir Ali
2	Reason for the notification
a)	Position/status	Primary insider, Chief Commercial Officer
b)	Initial	Initial notification
	notification/Amendment
3	Details of issuer
a)	Name	Seadrill Limited
b)	LEI	213800LZ4WWG15NAC829
4		Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type
		of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Derivative, Time-vested Restricted Stock Units linked to the shares of Seadrill Limited (BMG7998G1069)
b)	Nature of the transaction	Cash settlement of Time-vested Restricted Stock Units.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		USD 46.84	4,452

d)	Aggregated information	Cash settlement of 4,452 Time-vested Restricted Stock Units for a total of USD
	— Aggregated volume	208,532.
	— Price
e)	Date of the transaction	2023-08-31
f)	Place of the transaction	Outside a trading venue.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Todd Strickler
2	Reason for the notification
a)	Position/status	Primary insider, General Counsel
b)	Initial notification/Amendment	Initial notification
3	Details of issuer
a)	Name	Seadrill Limited
b)	LEI	213800LZ4WWG15NAC829
4		Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Derivative, Time-vested Restricted Stock Units linked to the shares of Seadrill Limited (BMG7998G1069)
b)	Nature of the transaction	Cash settlement of Time-vested Restricted Stock Units.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		USD 46.84	1,069

d)	Aggregated information — Aggregated volume — Price	Cash settlement of 1,069 Time-vested Restricted Stock Units for a total of USD 50,072.
e)	Date of the transaction	2023-08-31
f)	Place of the transaction	Outside a trading venue.