Andrew Eliot Schultz - Jan 1, 2025 Form 3 Insider Report for Seadrill Ltd (SDRL)

Role: Director
Signature: /s/ Todd D. Strickler, attorney-in-fact
Stock symbol: SDRL
Transactions as of: Jan 1, 2025
Transactions value $: $0
Form type: 3
Date filed: 1/2/2025, 12:27 PM
Next filing: Apr 21, 2025
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	SDRL	Restricted Stock Units							Jan 1, 2025	Common Shares	2.41K		Direct	F1

Showing 1 to 1 of 1 entries

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents restricted stock units granted to the reporting person on April 17, 2024. Each restricted stock unit represents a contingent right to receive one common share, par value $0.01 per share (a "Common Share"), of Seadrill Limited (the "Company"). The restricted stock units vest either (i) on the date of the 2025 Annual General Meeting of Shareholders of the Company (the "2025 Meeting"), if the 2025 Meeting occurs at least 50 weeks from the grant date or (ii) if earlier or the 2025 Meeting occurs less than 50 weeks from the grant date, on the first anniversary of the grant date, and will be settled in cash or Common Shares at the election of the Joint Nomination and Remuneration Committee of the Board of Directors of the Company.

Content

Represents restricted stock units granted to the reporting person on April 17, 2024. Each restricted stock unit represents a contingent right to receive one common share, par value $0.01 per share (a "Common Share"), of Seadrill Limited (the "Company"). The restricted stock units vest either (i) on the date of the 2025 Annual General Meeting of Shareholders of the Company (the "2025 Meeting"), if the 2025 Meeting occurs at least 50 weeks from the grant date or (ii) if earlier or the 2025 Meeting occurs less than 50 weeks from the grant date, on the first anniversary of the grant date, and will be settled in cash or Common Shares at the election of the Joint Nomination and Remuneration Committee of the Board of Directors of the Company.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney