SDRL · SEADRILL Ltd

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.92 to $45.21, inclusive. The reporting person undertakes to provide to Seadrill Limited (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1) to this Form 4.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.44 to $45.425, inclusive.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.87 to $44.435, inclusive. The reporting person undertakes to provide to Seadrill Limited (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1) and (2) to this Form 4.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.49 to $44.91, inclusive. The reporting person undertakes to provide to Seadrill Limited (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1) to this Form 4.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.505 to $44.895, inclusive. The reporting person undertakes to provide to Seadrill Limited (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1) to this Form 4.

Represents restricted stock units granted to the reporting person on June 3, 2026. Each restricted stock unit represents a contingent right to receive one common share, par value $0.01 per share (a "Common Share"), of Seadrill Limited (the "Company").

The restricted stock units vest either (i) on the date of the 2027 Annual General Meeting of Shareholders of the Company (the "2027 Meeting"), if the 2027 Meeting occurs at least 50 weeks from the grant date or (ii) if earlier or the 2027 Meeting occurs less than 50 weeks from the grant date, on the first anniversary of the grant date, and will be settled in cash or Common Shares at the election of the Joint Nomination and Remuneration Committee of the Board of Directors of the Company.

Represents restricted stock units granted to the reporting person on June 3, 2026. Each restricted stock unit represents a contingent right to receive one common share, par value $0.01 per share (a "Common Share"), of Seadrill Limited (the "Company").

The restricted stock units vest either (i) on the date of the 2027 Annual General Meeting of Shareholders of the Company (the "2027 Meeting"), if the 2027 Meeting occurs at least 50 weeks from the grant date or (ii) if earlier or the 2027 Meeting occurs less than 50 weeks from the grant date, on the first anniversary of the grant date, and will be settled in cash or Common Shares at the election of the Joint Nomination and Remuneration Committee of the Board of Directors of the Company.

Represents restricted stock units granted to the reporting person on June 3, 2026. Each restricted stock unit represents a contingent right to receive one common share, par value $0.01 per share (a "Common Share"), of Seadrill Limited (the "Company").

The restricted stock units vest either (i) on the date of the 2027 Annual General Meeting of Shareholders of the Company (the "2027 Meeting"), if the 2027 Meeting occurs at least 50 weeks from the grant date or (ii) if earlier or the 2027 Meeting occurs less than 50 weeks from the grant date, on the first anniversary of the grant date, and will be settled in cash or Common Shares at the election of the Joint Nomination and Remuneration Committee of the Board of Directors of the Company.

Represents restricted stock units granted to the reporting person on June 3, 2026. Each restricted stock unit represents a contingent right to receive one common share, par value $0.01 per share (a "Common Share"), of Seadrill Limited (the "Company").

The restricted stock units vest either (i) on the date of the 2027 Annual General Meeting of Shareholders of the Company (the "2027 Meeting"), if the 2027 Meeting occurs at least 50 weeks from the grant date or (ii) if earlier or the 2027 Meeting occurs less than 50 weeks from the grant date, on the first anniversary of the grant date, and will be settled in cash or Common Shares at the election of the Joint Nomination and Remuneration Committee of the Board of Directors of the Company.

Represents restricted stock units granted to the reporting person on June 3, 2026. Each restricted stock unit represents a contingent right to receive one common share, par value $0.01 per share (a "Common Share"), of Seadrill Limited (the "Company").

The restricted stock units vest either (i) on the date of the 2027 Annual General Meeting of Shareholders of the Company (the "2027 Meeting"), if the 2027 Meeting occurs at least 50 weeks from the grant date or (ii) if earlier or the 2027 Meeting occurs less than 50 weeks from the grant date, on the first anniversary of the grant date, and will be settled in cash or Common Shares at the election of the Joint Nomination and Remuneration Committee of the Board of Directors of the Company.

Represents restricted stock units granted to the reporting person on June 3, 2026. Each restricted stock unit represents a contingent right to receive one common share, par value $0.01 per share (a "Common Share"), of Seadrill Limited (the "Company").

The restricted stock units vest either (i) on the date of the 2027 Annual General Meeting of Shareholders of the Company (the "2027 Meeting"), if the 2027 Meeting occurs at least 50 weeks from the grant date or (ii) if earlier or the 2027 Meeting occurs less than 50 weeks from the grant date, on the first anniversary of the grant date, and will be settled in cash or Common Shares at the election of the Joint Nomination and Remuneration Committee of the Board of Directors of the Company.

Represents restricted stock units granted to the reporting person on June 3, 2026. Each restricted stock unit represents a contingent right to receive one common share, par value $0.01 per share (a "Common Share"), of Seadrill Limited (the "Company").

The restricted stock units vest either (i) on the date of the 2027 Annual General Meeting of Shareholders of the Company (the "2027 Meeting"), if the 2027 Meeting occurs at least 50 weeks from the grant date or (ii) if earlier or the 2027 Meeting occurs less than 50 weeks from the grant date, on the first anniversary of the grant date, and will be settled in cash or Common Shares at the election of the Joint Nomination and Remuneration Committee of the Board of Directors of the Company.

Represents restricted stock units granted to the reporting person on June 3, 2026. Each restricted stock unit represents a contingent right to receive one common share, par value $0.01 per share (a "Common Share"), of Seadrill Limited (the "Company").

The restricted stock units vest either (i) on the date of the 2027 Annual General Meeting of Shareholders of the Company (the "2027 Meeting"), if the 2027 Meeting occurs at least 50 weeks from the grant date or (ii) if earlier or the 2027 Meeting occurs less than 50 weeks from the grant date, on the first anniversary of the grant date, and will be settled in cash or Common Shares at the election of the Joint Nomination and Remuneration Committee of the Board of Directors of the Company.

Represents restricted stock units granted to the reporting person on June 3, 2026. Each restricted stock unit represents a contingent right to receive one common share, par value $0.01 per share (a "Common Share"), of Seadrill Limited (the "Company").

The restricted stock units vest either (i) on the date of the 2027 Annual General Meeting of Shareholders of the Company (the "2027 Meeting"), if the 2027 Meeting occurs at least 50 weeks from the grant date or (ii) if earlier or the 2027 Meeting occurs less than 50 weeks from the grant date, on the first anniversary of the grant date, and will be settled in cash or Common Shares at the election of the Joint Nomination and Remuneration Committee of the Board of Directors of the Company.

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.

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

Restricted stock units convert into common shares, par value $0.01 per share, of Seadrill Limited on a one-for-one basis.

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.

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

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.

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

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

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.

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.

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

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.

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.

Restricted stock units convert into common shares, par value $0.01 per share, of Seadrill Limited on a one-for-one basis.

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.

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

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

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.

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.

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

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.

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.

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.

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

Restricted stock units convert into common shares, par value $0.01 per share, of Seadrill Limited on a one-for-one basis.

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.

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.

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

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

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.

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.

Restricted stock units convert into common shares, par value $0.01 per share, of Seadrill Limited on a one-for-one basis.

On May 14, 2025, the reporting person was granted 6,075 restricted stock units, all of which vested on the first anniversary of the grant date.

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.

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

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

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.

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.

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

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.

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.

Restricted stock units convert into common shares, par value $0.01 per share, of Seadrill Limited on a one-for-one basis.

Restricted stock units convert into common shares, par value $0.01 per share, of Seadrill Limited on a one-for-one basis.

On April 25, 2025, the reporting person was granted 23,864 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.

Restricted stock units convert into common shares, par value $0.01 per share, of Seadrill Limited on a one-for-one basis.

Restricted stock units convert into common shares, par value $0.01 per share, of Seadrill Limited on a one-for-one basis.

Restricted stock units convert into common shares, par value $0.01 per share, of Seadrill Limited on a one-for-one basis.

Restricted stock units convert into common shares, par value $0.01 per share, of Seadrill Limited on a one-for-one basis.

On April 25, 2025, the reporting person was granted 23,864 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.

Restricted stock units convert into common shares, par value $0.01 per share, of Seadrill Limited on a one-for-one basis.

On April 25, 2025, the reporting person was granted 23,864 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.

Restricted stock units convert into common shares, par value $0.01 per share, of Seadrill Limited on a one-for-one basis.

On April 25, 2025, the reporting person was granted 36,714 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.

Restricted stock units convert into common shares, par value $0.01 per share, of Seadrill Limited on a one-for-one basis.

On April 25, 2025, the reporting person was granted 23,864 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.

Restricted stock units convert into common shares, par value $0.01 per share, of Seadrill Limited on a one-for-one basis.

Restricted stock units convert into common shares, par value $0.01 per share, of Seadrill Limited on a one-for-one basis.

Restricted stock units convert into common shares, par value $0.01 per share, of Seadrill Limited on a one-for-one basis.

On April 17, 2024, the reporting person was granted 11,738 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.