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 May 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, May 20, 2024 - Seadrill Limited (“Seadrill” or the “Company”) (NYSE & OSE: SDRL) initiated a share repurchase program December 14, 2023 to repurchase up to $250 million of the Company’s common shares in open market transactions on the OSE and NYSE until no later than September 30, 2024 pursuant to an agreement with Fearnley Securities AS and its subsidiary, Fearnley Securities, Inc. (“Fearnley”).

For the period from and including May 13, 2024 through May 17, 2024, the Company purchased a total of 187,700 shares at an average price of $51.56 per share. The transactions effected through the agreement with Fearnley 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)
13-May-24		OSE		2,990		50.02	149,549
13-May-24		NYSE		35,760		50.58	1,808,580
14-May-24		OSE		3,932		50.20	197,370
14-May-24		NYSE		33,068		50.97	1,685,585
15-May-24		OSE		6,417		50.61	324,736
15-May-24		NYSE		32,033		51.39	1,646,201
16-May-24		OSE		5,000		51.99	259,973
16-May-24		NYSE		31,550		52.50	1,656,252
17-May-24		NYSE		36,950		52.74	1,948,817
Period Total		OSE		18,339		50.80	931,627
	NYSE		169,361		51.64
	Total		187,700		51.56
Previously Disclosed Buybacks Under the Program (Accumulated)		OSE		491,639		46.22	22,721,982
	NYSE		3,612,756		46.92
	Total		4,104,395		46.84
Program Total		OSE		509,978		46.38	23,653,608
	NYSE		3,782,117		47.14
	Total		4,292,095		47.05

All values are in US Dollars.

The issuer’s holding of repurchased shares: 4,292,095

Following the completion of the above transactions, the Company had repurchased a total of 4,292,095 shares, corresponding to 5.80% 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 Fearnley that have been carried out during the above-mentioned time period is attached to this report and available at www.newsweb.no.

Contact Information

Lydia Brantley Mabry

Director of Investor Relations

ir@seadrill.com

About Seadrill Limited Seadrill is a leading offshore drilling contractor utilizing advanced technology to unlock oil and gas resources for clients across harsh and benign locations around the globe. Seadrill’s high-quality, technologically-advanced fleet spans all asset classes allowing its experienced crews to conduct operations across geographies, from shallow to ultra-deepwater environments.

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: May 20, 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.