Transocean Ltd. — Director's Dealing 2026

Mar 3, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Transocean Ltd. (RIG)
CIK: 0001451505
Period of Report: 2026-03-01

Reporting Person: Mackenzie Roderick James (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2026-03-01	Registered Shares	M	34924	$6.25	Acquired	287742	Direct
2026-03-01	Registered Shares	M	50663	$6.25	Acquired	338405	Direct
2026-03-01	Registered Shares	M	70876	$6.25	Acquired	409281	Direct
2026-03-03	Registered Shares	F	62886	$6.12	Disposed	346395	Direct

Footnotes

F1: Restricted Units, which are 1-for-1 share equivalents, acquired on February 9, 2023, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2026.

F2: Restricted Units, which are 1-for-1 share equivalents, acquired on February 8, 2024, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2026, resulting in the right of the reporting person to receive the registered shares.
The remaining restricted share units vest as follows: 50,664 on March 1, 2027.

F3: Restricted Units, which are 1-for-1 share equivalents, acquired on February 13, 2025, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2026, resulting in the right of the reporting person to receive the registered shares.
The remaining restricted share units vest as follows: 70,876 on March 1, 2027 and 70,877 on March 1, 2028.

F4: Shares sold upon vesting to satisfy tax withholding obligations.