Andrew Eliot Schultz - 14 May 2026 Form 4 Insider Report for Seadrill Ltd (SDRL)

Reporting relationship: Director
Issuer ticker: SDRL
Reported as of: 14 May 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 18 May 2026, 11:04:34 UTC
Prior SEC filing: 16 May 2025
Next SEC filing: 05 Jun 2026
Source filing: View source filing
Reporting owner signature: /s/ Todd D. Strickler, attorney-in-fact

Key filing fact

Andrew Eliot Schultz filed Form 4 for Seadrill Ltd (SDRL) on 18 May 2026.

Key facts

This page summarizes Andrew Eliot Schultz's Form 4 filing for Seadrill Ltd (SDRL).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 18 May 2026, 11:04.

Change

Previous filing in this sequence was filed on 16 May 2025.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001649487 Primary reporting owner

SCHULTZ ANDREW ELIOT

Relationship: Director
Address: 4425 WESTWAY PARK BLVD., SUITE 170, HOUSTON
Signature: /s/ Todd D. Strickler, attorney-in-fact
Signature date: 18 May 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SDRL transaction

Common Shares

Options Exercise

Transaction value
Shares: +4,860
Change %: +202%
Price
Shares after: 7,269
Date: 14 May 2026
Ownership: Direct
Footnotes: F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SDRL transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -4,860
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 14 May 2026
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 4,860
Exercise price
Footnotes: F1, F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

The reporting person elected to defer the receipt of the common shares, par value $0.01 per share ("Common Shares"), of Seadrill Limited (the "Company") underlying the restricted stock units granted on May 14, 2025 until the earlier of (i) a separation from service from the Company and (ii) a change in control of the Company.

Footnote F2

Restricted stock units convert into Common Shares on a one-for-one basis.

Footnote F3

On May 14, 2025, the reporting person was granted 4,860 restricted stock units, all of which vested on the first anniversary of the grant date.