Zambelli Ana 4

What Happened

• Ana Zambelli, a director of Seadrill Ltd (SDRL), was granted 2,618 restricted stock units (RSUs) on June 3, 2026. The Form 4 reports an acquisition (code A) at $0.00 — this is a derivative award, not an open-market purchase, so no cash was paid at grant. Each RSU represents a contingent right to one common share.

Key Details

• Transaction date: 2026-06-03; Form filed: 2026-06-05 (timely filing).
• Grant size and price: 2,618 RSUs; reported acquisition price $0.00 (award).
• Shares owned after transaction: Not reported in the filing.
• Footnotes: F1 confirms these are RSUs (one RSU = contingent right to one common share). F2: RSUs vest either at the 2027 Annual General Meeting if that meeting is at least 50 weeks from the grant date, or otherwise on the first anniversary of the grant; settlement may be in cash or common shares at the Joint Nomination and Remuneration Committee’s election.
• Transaction type: Derivative award (A). Not a sale or purchase of existing shares.

Context

• RSU grants are compensation/retention awards and do not reflect an immediate market purchase or sale. The economic value will depend on Seadrill’s share price at settlement and whether the committee elects cash or share settlement. This filing is informational about a grant rather than an insider trading signal.