6-K - SDRL - Equibles

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

____________________________

FORM 6-K

____________________________

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

____________________________

SEADRILL LIMITED

(Exact name of Registrant as specified in its Charter)

____________________________

Park Place

55 Par-la-Ville Road Hamilton HM 11 Bermuda

(Address of principal executive office)

____________________________

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 15, 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 8, 2024, through July 12, 2024, the Company purchased a total of 188,500 shares at an average price of $51.36 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)
8 JUL 2024		OSE		800		51.48	41,182
8 JUL 2024		NYSE		85,000		51.14	4,346,960
9 JUL 2024		OSE		700		51.00	35,699
9 JUL 2024		NYSE		25,000		50.54	1,263,438
10 JUL 2024		OSE		700		50.63	35,438
10 JUL 2024		NYSE		25,000		50.60	1,265,020
11 JUL 2024		OSE		650		51.14	33,240
11 JUL 2024		NYSE		25,000		51.97	1,299,338
12 JUL 2024		OSE		650		52.58	34,180
12 JUL 2024		NYSE		25,000		53.05	1,326,353
Period total		OSE		3,500		51.35	179,740
	NYSE		185,000		51.36
	Total		188,500		51.36
Previously disclosed totals (accumulated)		OSE		6,600		51.13	337,481
	NYSE		321,118		51.13
	Total		327,718		51.13
Program total		OSE		10,100		51.21	517,221
	NYSE		506,118		51.21
	Total		516,218		51.21

All values are in US Dollars.

The issuer’s holding of repurchased shares: 516,218

Following the completion of the above transactions, the Company has repurchased a total of 516,218 of its own shares, corresponding to 0.76% 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 Limited 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 15, 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.