UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

___________________________________

FORM 8-K

___________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~July~~August 186, 2025

___________________________________

SEADRILL LIMITED

(Exact name of registrant as specified in its charter)

Bermuda		001-39327		98-1834031
(State or other jurisdictionof incorporation)		(CommissionFile Number)		(IRS EmployerIdentification No.)

___________________________________

11025 Equity Dr., Ste. 150, Houston, Texas, United States of America		77041
Bermuda(State or other jurisdiction of incorporation)	001-39327(Commission File Number)		98-1834031(I.R.S. Employer Identification No.)
(Address of principal executive offices)		(Zip Code)
11025 Equity Dr., Ste. 150,Houston, Texas, United States of America, 77041
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code:			+1 (713) 329-1150
	N/A
(Former name or former address, if changed since last report)

~~Registrant’s telephone number, including area code: +1 (713) 329-1150~~___________________________________

N/Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2.):

☐ Written communications pursuant to Rule 425 under the Securities Act (~~Former~~17 ~~name~~CFR or230.425) ~~former~~☐ ~~address,~~Soliciting ifmaterial ~~changed~~pursuant ~~since~~to ~~last~~Rule ~~report~~14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Shares, par value $0.01 per share

SDRL

New York Stock Exchange

☐Indicate ~~Written~~by ~~communications~~check ~~pursuant~~mark towhether the registrant is an emerging growth company as defined in Rule ~~425~~405 ~~under~~of the Securities Act ~~(17~~of ~~CFR~~1933 (§230.~~425~~405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12n-2 of this chapter).

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		TradingSymbol(s)		Name of each exchangeon which registered
Common Shares, par value $0.01 per share		SDRL		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7 2.0102 ~~Regulation~~- FDResults ~~Disclosure~~of Operations and Financial Condition.

AsOn ~~previously disclosed~~August 6, ~~in March 2023~~2025, Seadrill Limited ~~(“Seadrill”~~issued ~~or the “Company”) and~~ a ~~subsidiary~~press ~~were~~release ~~served~~announcing ~~with~~its asecond ~~claim~~quarter by2025 anresults. ~~individual~~A ~~(the~~copy ~~“Claimant”)~~of ~~filed in~~ the ~~High~~press ~~Court~~release ofis ~~Justice,~~furnished ~~Business~~as ~~and~~Exhibit ~~Property Courts of England and Wales, King’s Bench Division, Commercial Court (the “High Court”)~~99.1 ~~The dispute relates~~ to ~~negotiations~~this inCurrent ~~late~~Report ~~2018~~on ~~and~~Form ~~early~~8-K ~~2019, following which Sonadrill, the Company’s joint venture in Angola, was established. The Claimant claimed damages for breach of contract~~ and~~/or~~ ~~restitution~~is ~~for~~incorporated ~~unjust~~by ~~enrichment~~reference ~~of approximately $72 million~~herein.

OnThe ~~July 11,~~information ~~2025,~~furnished ~~the~~pursuant ~~High~~to ~~Court~~this ~~rendered~~Item ~~judgment~~2.02, inincluding ~~favor~~Exhibit ~~of Claimant~~99.1, ~~The~~shall ~~parties~~not ~~are~~be ~~continuing~~deemed to ~~make~~be ~~submissions~~“filed” tofor the ~~High~~purposes ~~Court~~of onSection ~~the~~18 ~~issue~~ of the ~~quantum~~Securities ofExchange ~~damages~~Act toof ~~be paid; however~~1934, ~~Seadrill~~as ~~presently~~amended ~~estimates that its liability following~~ (the ~~High~~“Exchange ~~Court’s~~Act”), ~~judgment~~or isotherwise ~~unlikely to exceed $53 million,~~ subject to ~~finalization~~the liabilities of ~~calculations~~that ~~relating~~section, tonor ~~interest. This~~shall ~~amount~~such isinformation ~~exclusive~~be ofdeemed ~~any~~incorporated ~~claim~~ by ~~the~~reference ~~Claimant~~into inany ~~respect~~registration ofstatement ~~legal~~or ~~fees,~~other afiling ~~portion~~under ~~of which may be awarded by~~ the ~~High~~Securities ~~Court~~Act atof a1933, ~~later~~as ~~date.~~amended, ~~Seadrill~~or ~~is reviewing~~ the ~~judgment~~Exchange ~~and evaluating its options~~Act, ~~including~~unless ~~the~~specifically ~~possibility~~identified ofin ~~seeking~~such ~~permission~~filing ~~for~~as anbeing ~~appeal~~incorporated toby ~~the~~reference ~~Court~~in ofsuch ~~Appeal~~filing.

~~Seadrill~~Item ~~expects~~9.01 ~~the~~- ~~impact~~Financial ofStatements ~~this~~and ~~judgment to Adjusted EBITDA for the full year 2025 to be approximately $10 million.~~Exhibits

~~The information furnished pursuant to this Item 7.01 shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended~~ (~~the “Exchange Act”~~d),: or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference into any registration statement or other filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, unless specifically identified in such filing as being incorporated by reference in such filing.Exhibits:

Forward-Looking Statements


Exhibit No.						Description
99.1						Press release of Seadrill Limited, dated August 6, 2025
104						Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

This Current Report on Form 8-K includes forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, including those regarding the Company’s estimates of liability and the impact to Adjusted EBITDA for the full year 2025. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, those described under Part I, Item 1A, “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, filed with the U.S. Securities and Exchange Commission (the “SEC”) on February 27, 2025 and other important factors described from time to time in the reports filed or furnished by us with the SEC.

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 hereunto duly authorized.

	SEADRILL LIMITED	~~SEADRILL LIMITED~~
Date: July 18, 2025		By:	/s/ Grant Creed
Date: August 6, 2025
			Name: Grant Creed
	By:		/s/ Grant Creed
			Title: Chief Financial Officer
	Name:		Grant Creed
	Title:		Chief Financial Officer

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