Long Brady K 4
4 · Transocean Ltd. · Filed May 22, 2026
Research Summary
AI-generated summary of this filing
Transocean (RIG) EVP & CLO Brady K. Long Sells 81,741 Shares
What Happened Brady K. Long, Transocean's Executive Vice President & Chief Legal Officer, reported the sale of 81,741 Transocean shares on 2026-05-21. The shares were sold in multiple open-market/private-sale transactions for a weighted average price of $7.45 per share, for total proceeds of approximately $608,970. This was a sale (S) — often routine insider selling and not, by itself, a direct signal of company performance.
Key Details
- Transaction date: 2026-05-21; weighted average price reported: $7.45; total proceeds: ~$608,970.
- Price range: sales occurred at prices between $7.40 and $7.48 (inclusive); reporting person can provide per-price breakdown on request (see footnote F1).
- Shares owned after the transaction: not specified here — the filing notes the post-transaction beneficial ownership was adjusted due to a prior transfer of shares to the reporting person's former spouse pursuant to a domestic relations order (footnote F2).
- Filing date: 2026-05-22 (filed the next day); no indication this filing was late.
- Transaction code: S (Sale).
Context Sales by executives can be routine (diversification, tax or personal reasons) and do not necessarily reflect insider views of the company. This Form 4 reports outright share disposals rather than option exercises, gifts, or awards. For precise per-trade prices or the post-transaction beneficial ownership count, see the SEC filing (Accession 0001502666-26-000012) or request the breakdown referenced in footnote F1.
Insider Transaction Report
- Sale
Registered Shares
[F1][F2]2026-05-21$7.45/sh−81,741$608,970→ 1,125,438 total
Footnotes (2)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.40 to $7.48, inclusive. The reporting person undertakes to provide Transocean Ltd. (the "Company"), any security holder of the Company, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote (1) to this Form 4.
- [F2]The amount of securities beneficially owned following the reported transaction reflects a prior transfer of shares to the reporting person's former spouse pursuant to a domestic relations order.