Transocean Ltd. - 28 Oct 2025 Form 4 Insider Report for Nauticus Robotics, Inc. (KITT)

Role: 10%+ Owner
Signature: /s/ Daniel Ro-Trock, Assistant Corporate Secretary
Issuer symbol: KITT
Transactions as of: 28 Oct 2025
Net transactions value: +$1.2
Form type: 4
Filing time: 31 Oct 2025, 18:34:35 UTC
Previous filing: 23 Sep 2022
Next filing: 04 Dec 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Transocean Ltd.	10%+ Owner	TURMSTRASSE 30, STEINHAUSEN, SWITZERLAND	/s/ Daniel Ro-Trock, Assistant Corporate Secretary	31 Oct 2025	0001451505

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KITT	Common Stock, par value U.S. $0.0001	Conversion of derivative security	$3,773,959	+2,144,295	+33395%	$1.76	2,150,716	28 Oct 2025	By Transocean International Limited	F1, F2

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	KITT	Convertible Senior Secured Term Loan 2023	Conversion of derivative security	$3,773,958				0	28 Oct 2025	Common Stock, par value U.S. $0.0001	2,144,295	$1.76	By Transocean International Limited	F1, F3

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

Explanation of Responses:

Id	Content
F1	These securities are owned directly by Transocean International Limited, a Bermuda exempted company limited by shares. Transocean International Limited is a wholly owned subsidiary of Transocean Ltd. Because Transocean Ltd. controls Transocean International Limited, both Transocean Ltd. and Transocean International Limited are deemed to beneficially own the shares of common stock that Transocean International Limited holds directly or has a right to acquire.
F2	The amount reported also includes 6,421 additional shares (the "Earnout Shares") of the Issuer's common stock issuable to the Reporting Person on or before September 9, 2027, pursuant to certain earnout conditions, as described in the Merger Agreement (as defined in the Reporting Person's Form 3 filed on September 9, 2023).
F3	The shares of the Issuer's common stock reported herein as being beneficially owned by the Reporting Person consists of the Earnout Shares and 2,144,295 shares of the Issuer's common stock acquired on October 28, 2025 (the "Conversion Shares") by Transocean International Limited in connection with the exercise of its right to convert $3,000,000 of outstanding principal amount of loans, together with accrued interest (the "Note Conversion"), made pursuant to that certain Senior Secured Term Loan Agreement, dated as of September 18, 2023, by and among the Issuer, the collateral agent and the other lenders party thereto (as amended, the "Convertible Note"). Loans made pursuant to the Convertible Note were convertible into shares of the Issuer's common stock at a conversion price of $1.76 per share.