Dominic A. Savarino - Mar 1, 2024 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: Mar 1, 2024
Transactions value $: -$60,059
Form type: 4
Date filed: 3/1/2024, 05:09 PM
Previous filing: Jan 19, 2024
Next filing: Mar 19, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DO	Common Stock	Sale	-$60.1K	-5.11K	-8.16%	$11.76	57.5K	Mar 1, 2024	Direct	F1, F2

* 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.
F2	The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.39 to $11.92, inclusive. The reporting person undertakes to provide to Diamond Offshore Drilling, Inc., any security holder of Diamond Offshore Drilling, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.

Content

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.

The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.39 to $11.92, inclusive. The reporting person undertakes to provide to Diamond Offshore Drilling, Inc., any security holder of Diamond Offshore Drilling, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.