Seadrill Ltd — Regulatory Filings 2024

Aug 12, 2024

6-K 1 sdrl6-kxroutinebuybackanno.htm 6-K Document created using Wdesk Copyright 2024 Workiva Document

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 6-K

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REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of August 2024

Commission File Number 001-39327

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SEADRILL LIMITED

(Exact name of Registrant as specified in its Charter)

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Park Place

55 Par-la-Ville Road Hamilton HM 11 Bermuda

(Address of principal executive office)

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Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

Seadrill Announces Transactions Made Under the Company’s Share Repurchase Program

Hamilton, Bermuda, Aug 12, 2024 - Seadrill Limited (“Seadrill” or the “Company”) (NYSE & OSE: SDRL) initiated a share repurchase program June 26, 2024 to repurchase up to $200 million of the Company’s common shares in open market transactions on the OSE and NYSE through September 25, 2024 until no later than September 30, 2025 pursuant to an agreement with DNB Markets (“DNB”).

For the period from and including August 5, 2024, through August 9, 2024, the Company purchased a total of 515,300 shares at an average price of $45.43 per share. The transactions effected through the agreement with DNB comprise all the transactions effected by or on behalf of the Company during the period.

Transaction overview

Date	Trading Venue	Volume	Weighted Average Share Price (USD)	Total Daily Transaction Value (USD)
05 AUG 2024	OSE	1,350	47.64	64,314
05 AUG 2024	NYSE	101,000	47.04	4,751,130
06 AUG 2024	OSE	1,400	46.68	65,357
06 AUG 2024	NYSE	126,000	45.40	5,720,765
07 AUG 2024	OSE	1,450	46.25	67,061
07 AUG 2024	NYSE	66,000	45.00	2,969,993
08 AUG 2024	OSE	3,000	44.25	132,744
08 AUG 2024	NYSE	66,000	45.08	2,975,511
09 AUG 2024	OSE	3,100	45.12	139,890
09 AUG 2024	NYSE	146,000	44.68	6,524,433
Period total	OSE	10,300	45.57	469,366
	NYSE	505,000	45.43	22,941,834
	Total	515,300	45.43	23,411,200
Previously disclosed totals (accumulated)	OSE	18,015	52.30	942,262
	NYSE	1,232,685	52.40	64,592,609
	Total	1,250,700	52.40	65,534,871
Program total	OSE	28,315	49.85	1,411,628
	NYSE	1,737,685	50.37	87,534,443
	Total	1,766,000	50.37	88,946,071

The issuer’s holding of repurchased shares: 1,766,000

Following the completion of the above transactions, the Company has repurchased a to ta l of 1,766,000 of its own s hares, corresponding to 2.57% of the Company’s total issued share count .

Appendix: An overview of all transactions made under the Company’s repurchase program and its agreement with DNB that have been carried out during the above-mentioned period is attached to this report and available at www.newsweb.no.

About Seadrill Seadrill is setting the standard in deepwater oil and gas drilling. With its modern fleet, experienced crews, and advanced technologies, Seadrill safely, efficiently, and responsibly unlocks oil and gas resources for national, integrated, and independent oil companies. For further information, visit www.seadrill.com.

Contact

Lydia Brantley Mabry

Director of Investor Relations

ir@seadrill.com

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: August 12, 2024
By:	/s/ Grant Creed Name: Grant Creed Title: Chief Financial Officer

THIS REPORT ON FORM 6-K IS HEREBY INCORPORATED BY REFERENCE INTO (I) THE REGISTRATION STATEMENT ON FORM F-3 (NO. 333-271916) ORIGINALLY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON MAY 15, 2023 AND (II) THE REGISTRATION STATEMENT ON FORM S-8 (NO. 333-276710) ORIGINALLY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON JANUARY 26, 2024.