Andrew Eliot Schultz - May 14, 2025 Form 4 Insider Report for Seadrill Ltd (SDRL)

Role: Director
Signature: /s/ Todd D. Strickler, attorney-in-fact
Stock symbol: SDRL
Transactions as of: May 14, 2025
Transactions value $: $0
Form type: 4
Date filed: 5/16/2025, 11:43 AM
Previous filing: Apr 21, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
SCHULTZ ANDREW ELIOT	Director	11025 EQUITY DRIVE, SUITE 150, HOUSTON	/s/ Todd D. Strickler, attorney-in-fact	2025-05-16	0001649487

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
transaction	SDRL	Restricted Stock Units	Award	$0	+4.86K		$0.00	4.86K	May 14, 2025	Common Shares	4.86K		Direct	F1, F2

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 May 14, 2025. 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").
F2	The restricted stock units vest either (i) on the date of the 2026 Annual General Meeting of Shareholders of the Company (the "2026 Meeting"), if the 2026 Meeting occurs at least 50 weeks from the grant date or (ii) if earlier or the 2026 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 May 14, 2025. 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 2026 Annual General Meeting of Shareholders of the Company (the "2026 Meeting"), if the 2026 Meeting occurs at least 50 weeks from the grant date or (ii) if earlier or the 2026 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.