Dominic A. Savarino - Jul 7, 2023 Form 4 Insider Report for DIAMOND OFFSHORE DRILLING, INC. (DO)

Role
Senior Vice President and CFO
Signature
/s/ Terence W. Waldorf Attorney-in-Fact for Dominic A. Savarino
Stock symbol
DO
Transactions as of
Jul 7, 2023
Transactions value $
-$86,955
Form type
4
Date filed
7/10/2023, 08:39 PM
Previous filing
Jul 5, 2023
Next filing
Aug 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DO Common Stock Sale -$87K -5.8K -13.24% $15.00 38K Jul 7, 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 1, 2023.