Seadrill Ltd — Transaction in Own Shares 2024

Jun 3, 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

---

FORM 6-K

---

REPORT OF FOREIGN PRIVATE ISSUER

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

For the month of June 2024

Commission File Number: 001-39327

---

SEADRILL LIMITED

(Exact name of Registrant as specified in its Charter)

---

Park Place

55 Par-la-Ville Road Hamilton HM 11 Bermuda

(Address of principal executive office)

---

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, June 3, 2024 - Seadrill Limited (“Seadrill” or the “Company”) (NYSE & OSE: SDRL) initiated a share repurchase program December 14, 2023 to repurchase up to $250 million of the Company’s common shares in open market transactions on the OSE and NYSE until no later than September 30, 2024 pursuant to an agreement with Fearnley Securities AS and its subsidiary, Fearnley Securities, Inc. (“Fearnley”).

For the period from and including May 27, 2024 through May 31, 2024, the Company purchased a total of 148,494 shares at an average price of $51.40 per share. The transactions effected through the agreement with Fearnley 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)
27-May-24	OSE	1,520	51.22	77,850
28-May-24	OSE	4,036	51.21	206,687
28-May-24	NYSE	32,814	52.10	1,709,721
29-May-24	OSE	4,673	51.91	242,578
29-May-24	NYSE	31,977	51.20	1,637,373
30-May-24	OSE	3,000	50.81	152,431
30-May-24	NYSE	33,750	51.00	1,721,172
31-May-24	OSE	5,000	50.15	250,763
31-May-24	NYSE	31,724	51.49	1,633,580
Period Total	OSE	18,229	51.03	930,308
	NYSE	130,265	51.45	6,701,846
	Total	148,494	51.40	7,632,154
Previously Disclosed Buybacks Under the Program (Accumulated)	OSE	524,332	46.52	24,390,752
	NYSE	3,951,969	47.32	187,005,254
	Total	4,476,301	47.23	211,396,006
Program Total	OSE	542,561	46.67	25,321,060
	NYSE	4,082,234	47.45	193,707,100
	Total	4,624,795	47.36	219,028,160

The issuer’s holding of repurchased shares: 4,624,795

Following the completion of the above transactions, the Company had repurchased a to tal of 4,624,795 shares, corresponding to 6.24% 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 Fearnley that have been carried out during the above-mentioned time period is attached to this report and available at www.newsweb.no .

Contact Information

Lydia Brantley Mabry

Director of Investor Relations

ir@seadrill.com

About Seadrill Limited Seadrill is a leading offshore drilling contractor utilizing advanced technology to unlock oil and gas resources for clients across harsh and benign locations around the globe. Seadrill’s high-quality, technologically-advanced fleet spans all asset classes allowing its experienced crews to conduct operations across geographies, from shallow to ultra-deepwater environments.

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: June 3, 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.