Perestroika (Cyprus) Ltd - Sep 15, 2023 Form 4 Insider Report for Transocean Ltd. (RIG)

Role: Director, 10%+ Owner
Signature: /s/ Daniel Ro-Trock by Power of Attorney
Stock symbol: RIG
Transactions as of: Sep 15, 2023
Transactions value $: $0
Form type: 4
Date filed: 9/19/2023, 05:22 PM
Previous filing: Apr 25, 2023
Next filing: Feb 29, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RIG	Registered Shares	Purchase		+1.98M	+2.4%		84.6M	Sep 15, 2023	Direct	F1

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

Explanation of Responses:

Id	Content
F1	In connection with the acquisition of all of the issued and outstanding equity interest in Liquila Ventures Ltd. ("Liquila"), Transocean Ltd. (the "Company") paid 1,978,396 shares of the Company valued at $15,870,000 for the equity interests of Liquila owned by the Reporting Person.

Remarks:

Perestroika (Cyprus) Ltd. is a wholly owned subsidiary of Perestroika AS. Due to Perestroika AS's designation of a member of the board of directors of the Company, Perestroika (Cyprus) Ltd. may be deemed to be a director of the Company by deputization. Perestroika AS's right to designate a member of the Company's board of directors has since terminated.