Seadrill Ltd — Regulatory Filings 2024

Jul 22, 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 July 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, July 22, 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 July 15, 2024, through July 19, 2024, the Company purchased a total of 248,750 shares at an average price of $54.17 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)
15 JUL 2024	OSE	650	53.28	34,629
15 JUL 2024	NYSE	80,000	54.67	4,373,464
16 JUL 2024	OSE	650	53.67	34,885
16 JUL 2024	NYSE	60,000	54.53	3,272,064
17 JUL 2024	OSE	400	54.21	21,685
17 JUL 2024	NYSE	62,000	53.77	3,333,641
18 JUL 2024	OSE	400	53.55	21,421
18 JUL 2024	NYSE	22,000	53.65	1,180,223
19 JUL 2024	OSE	650	53.20	34,577
19 JUL 2024	NYSE	22,000	53.14	1,168,996
Period total	OSE	2,750	53.53	147,197
	NYSE	246,000	54.18	13,328,388
	Total	248,750	54.17	13,475,585
Previously disclosed totals (accumulated)	OSE	10,100	51.21	517,221
	NYSE	506,118	51.21	25,919,239
	Total	516,218	51.21	26,436,459
Program total	OSE	12,850	51.71	664,418
	NYSE	752,118	52.18	39,247,627
	Total	764,968	52.17	39,912,045

The issuer’s holding of repurchased shares: 764,968

Following the completion of the above transactions, the Company has repurchased a to ta l of 764,968 of its own s hares, corresponding to 1.11% 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 Limited 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: July 22, 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.