Jeremy D. Thigpen - 01 Mar 2026 Form 4 Insider Report for Transocean Ltd. (RIG)

Role
Executive Chair, Director
Signature
/s/ Debra Kupferman by Power of Attorney
Issuer symbol
RIG
Transactions as of
01 Mar 2026
Net transactions value
+$2,315,816
Form type
4
Filing time
03 Mar 2026, 21:28:52 UTC
Previous filing
09 Feb 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
THIGPEN JEREMY D Executive Chair, Director 1414 ENCLAVE PARKWAY, HOUSTON /s/ Debra Kupferman by Power of Attorney 03 Mar 2026 0001240666

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RIG Registered Shares Options Exercise $1,209,488 +193,518 +8.6% $6.25 2,442,643 01 Mar 2026 Direct F1, F2
transaction RIG Registered Shares Options Exercise $1,535,250 +245,640 +10% $6.25 2,688,283 01 Mar 2026 Direct F3
transaction RIG Registered Shares Options Exercise $1,073,881 +171,821 +6.4% $6.25 2,860,104 01 Mar 2026 Direct F4
transaction RIG Registered Shares Tax liability $1,502,803 -245,556 -8.6% $6.12 2,614,548 03 Mar 2026 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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, resulting in the right of the reporting person to receive the registered shares.
F2 The amount of securities beneficially owned following the reported transaction reflects a prior transfer of shares to the reporting person's former spouse pursuant to a domestic relations order.
F3 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: 245,640 on March 1, 2027.
F4 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: 171,821 on March 1, 2027 and 171,822 on March 1, 2028.
F5 Shares sold upon vesting to satisfy tax withholding obligations.