6-K - SDRL - Equibles

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 6-K

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REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of July 2024

Commission File Number 001-39327

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SEADRILL LIMITED

(Exact name of Registrant as specified in its Charter)

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Park Place

55 Par-la-Ville Road Hamilton HM 11 Bermuda

(Address of principal executive office)

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Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

Seadrill Announces Transactions Made Under the Company’s Share Repurchase Program

Hamilton, Bermuda, July 29, 2024 - Seadrill Limited (“Seadrill” or the “Company”) (NYSE & OSE: SDRL) initiated a share repurchase program June 26, 2024 to repurchase up to $200 million of the Company’s common shares in open market transactions on the OSE and NYSE through September 25, 2024 until no later than September 30, 2025 pursuant to an agreement with DNB Markets (“DNB”).

For the period from and including July 22, 2024, through July 26, 2024, the Company purchased a total of 158,387 shares at an average price of $54.77 per share. The transactions effected through the agreement with DNB comprise all the transactions effected by or on behalf of the Company during the period.

Transaction overview

Date		Trading Venue		Volume		Weighted Average Share Price ()	Total Daily Transaction Value (USD)
22 JUL 2024		OSE		650		52.14	33,891
22 JUL 2024		NYSE		24,000		53.81	1,291,493
23 JUL 2024		OSE		650		53.42	34,722
23 JUL 2024		NYSE		17,000		54.44	925,497
24 JUL 2024		OSE		450		54.26	24,418
24 JUL 2024		NYSE		23,567		54.06	1,274,034
25 JUL 2024		OSE		650		53.53	34,797
25 JUL 2024		NYSE		16,000		54.97	879,582
26 JUL 2024		OSE		420		55.79	23,431
26 JUL 2024		NYSE		75,000		55.38	4,153,672
Period total		OSE		2,820		53.64	151,259
	NYSE		155,567		54.79
	Total		158,387		54.77
Previously disclosed totals (accumulated)		OSE		12,850		51.71	664,418
	NYSE		752,118		52.18
	Total		764,968		52.17
Program total		OSE		15,670		52.05	815,677
	NYSE		907,685		52.63
	Total		923,355		52.62

All values are in US Dollars.

The issuer’s holding of repurchased shares: 923,355

Following the completion of the above transactions, the Company has repurchased a total of 923,355 of its own shares, corresponding to 1.34% of the Company’s total issued share count.

Appendix: An overview of all transactions made under the Company’s repurchase program and its agreement with DNB that have been carried out during the above-mentioned period is attached to this report and available at www.newsweb.no.

About Seadrill Seadrill is setting the standard in deepwater oil and gas drilling. With its modern fleet, experienced crews, and advanced technologies, Seadrill safely, efficiently, and responsibly unlocks oil and gas resources for national, integrated, and independent oil companies. For further information, visit www.seadrill.com.

Contact

Lydia Brantley Mabry

Director of Investor Relations

ir@seadrill.com

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	SEADRILL LIMITED
Date: July 29, 2024
	By:	/s/ Grant Creed<br><br>Name: Grant Creed<br><br>Title: Chief Financial Officer

THIS REPORT ON FORM 6-K IS HEREBY INCORPORATED BY REFERENCE INTO (I) THE REGISTRATION STATEMENT ON FORM F-3 (NO. 333-271916) ORIGINALLY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON MAY 15, 2023 AND (II) THE REGISTRATION STATEMENT ON FORM S-8 (NO. 333-276710) ORIGINALLY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON JANUARY 26, 2024.