Adamson Keelan 4

What Happened
Adamson Keelan, President and CEO of Transocean Ltd. (RIG), sold a total of 81,533 shares in two open-market transactions: 22,846 shares on 2026-01-26 for $114,230 and 58,687 shares on 2026-01-27 for $293,435, for combined proceeds of approximately $407,665. These were sales (not purchases), which are often routine rather than a direct signal of company outlook.

Key Details

• Transaction dates and amounts:
  • 2026-01-26: Sold 22,846 shares at a reported price of $5.00 — proceeds $114,230.
  • 2026-01-27: Sold 58,687 shares at a reported price of $5.00 — proceeds $293,435.
• Reported total proceeds: ≈ $407,665.
• Price note: The filing lists weighted average prices; the footnote states trades occurred at prices ranging $5.00–$5.01 and the filer will provide a per-price breakdown on request.
• Plan disclosure: Sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 28, 2025.
• Filing timing: Form 4 was filed on 2026-01-28 covering the 2026-01-26/27 transactions; the filing appears to have been submitted in the normal timeframe (no late-filing flag noted in the provided info).
• Shares owned after the transactions: Not specified in the provided filing excerpt.

Context
These were open-market sales completed under a pre-established 10b5-1 plan, which typically means the trades were pre-planned and executed according to the plan’s rules. For retail investors, purchases are generally more informative about insider conviction; routine sales under 10b5-1 plans are common and don't, by themselves, prove a change in the insider’s view of the company.