Frederik Wilhelm Mohn - May 15, 2024 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: May 15, 2024
Transactions value $: $12,020,000
Form type: 4
Date filed: 5/17/2024, 05:42 PM
Previous filing: Feb 29, 2024
Next filing: Aug 5, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RIG	Registered Shares	Purchase	$12M	+2M	+2.34%	$6.01	87.6M	May 15, 2024	See footnote	F1
holding	RIG	Registered Shares						22.1K	May 15, 2024	Direct

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	RIG	Restricted Units	Award	$0	+36.1K		$0.00	36.1K	May 17, 2024	Registered Shares	36.1K	$0.00	Direct	F2

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

Explanation of Responses:

Id	Content
F1	These securities are held directly by Perestroika (Cyprus) Ltd., which is a wholly owned subsidiary of Perestroika AS. Mr. Frederik Mohn is the sole director and owner of Perestroika AS and is the indirect beneficial owner of all securities owned by Perestroika AS.
F2	Restricted Units, which are 1-for-1 registered share equivalents, were acquired on May 17, 2024, pursuant to the Issuer's long-term incentive plan. Restricted Units vest on the earlier of: (i) May 17, 2025, or (ii) the date of the next Annual General Meeting of the Company's shareholders following the May 17, 2024 grant date. Pursuant to the award agreement, such Restricted Units will be payable in registered shares of the Issuer following the vesting date, as defined above.

Content

These securities are held directly by Perestroika (Cyprus) Ltd., which is a wholly owned subsidiary of Perestroika AS. Mr. Frederik Mohn is the sole director and owner of Perestroika AS and is the indirect beneficial owner of all securities owned by Perestroika AS.

Restricted Units, which are 1-for-1 registered share equivalents, were acquired on May 17, 2024, pursuant to the Issuer's long-term incentive plan. Restricted Units vest on the earlier of: (i) May 17, 2025, or (ii) the date of the next Annual General Meeting of the Company's shareholders following the May 17, 2024 grant date. Pursuant to the award agreement, such Restricted Units will be payable in registered shares of the Issuer following the vesting date, as defined above.