Seadrill Ltd — Transaction in Own Shares 2024

Apr 29, 2024

6-K 1 a29april2024routinebuyback.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 April 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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11025 Equity Dr., Ste. 150

Houston, Texas 77041 United States of America

(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, April 29, 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 April 22, 2024 through April 26, 2024, the Company purchased a total of 192,150 shares at an average price of $ 50.04 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)
22-Apr-24	OSE	4,000	49.26	197,040
22-Apr-24	NYSE	34,350	50.24	1,725,593
23-Apr-24	OSE	575	49.77	28,618
23-Apr-24	NYSE	36,975	50.81	1,878,774
24-Apr-24	OSE	2,500	50.06	125,154
24-Apr-24	NYSE	36,250	49.82	1,805,812
25-Apr-24	OSE	2,086	50.13	104,579
25-Apr-24	NYSE	36,664	49.32	1,808,195
26-Apr-24	OSE	4,000	49.65	198,612
26-Apr-24	NYSE	34,750	50.13	1,741,945
Period Total	OSE	13,161	49.69	654,001
	NYSE	178,989	50.06	8,960,318
	Total	192,150	50.04	9,614,320
Previously Disclosed Buybacks Under the Program (Accumulated)	OSE	449,721	45.89	20,639,254
	NYSE	3,079,939	46.36	142,801,074
	Total	3,529,660	46.30	163,440,329
Program Total	OSE	462,882	46.00	21,293,256
	NYSE	3,258,928	46.57	151,761,392
	Total	3,721,810	46.50	173,054,648

The issuer’s holding of repurchased shares: 3,721,810

Following the completion of the above transactions, the Company had repurchased a to tal of 3,721,810 shares, corresponding to 5.03% 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: April 29, 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.