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

Reporting relationship: 10%+ Owner
Issuer ticker: KITT
Reported as of: 28 Oct 2025
Net transaction value: +$1.2
SEC form: 4
Accepted by SEC: 31 Oct 2025, 18:34:35 UTC
Prior SEC filing: 23 Sep 2022
Next SEC filing: 04 Dec 2025
Source filing: View source filing
Reporting owner signature: /s/ Daniel Ro-Trock, Assistant Corporate Secretary

Key filing fact

Transocean Ltd. filed Form 4 for Nauticus Robotics, Inc. (KITT) on 31 Oct 2025.

Key facts

This page summarizes Transocean Ltd.'s Form 4 filing for Nauticus Robotics, Inc. (KITT).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 31 Oct 2025, 18:34.

Change

Previous filing in this sequence was filed on 23 Sep 2022.
Current net transaction value: +$1.2.

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 0001451505 Primary reporting owner

Transocean Ltd.

Relationship: 10%+ Owner
Address: TURMSTRASSE 30, STEINHAUSEN, SWITZERLAND
Signature: /s/ Daniel Ro-Trock, Assistant Corporate Secretary
Signature date: 31 Oct 2025

Reported non-derivative transactions

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

KITT transaction

Common Stock, par value U.S. $0.0001

Conversion of derivative security

Transaction value: $3,773,959
Shares: +2,144,295
Change %: +33395%
Price: $1.76
Shares after: 2,150,716
Date: 28 Oct 2025
Ownership: By Transocean International Limited
Footnotes: F1, F2

Reported derivative securities

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

KITT transaction Derivative

Convertible Senior Secured Term Loan 2023

Conversion of derivative security

Transaction value: $3,773,958
Shares
Change %
Price
Shares after: 0
Date: 28 Oct 2025
Ownership: By Transocean International Limited
Underlying class: Common Stock, par value U.S. $0.0001
Underlying amount: 2,144,295
Exercise price: $1.76
Footnotes: F1, 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

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.

Footnote 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).

Footnote 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.