Mackenzie Roderick James 4

4 · Transocean Ltd. · Filed Mar 3, 2026

Form 4

Period: 2026-03-01

EVP, Chief Commercial Officer

Transactions

Exercise/Conversion
Registered Shares
[F1]
2026-03-01$6.25/sh+34,924$218,275→ 287,742 total
Exercise/Conversion
Registered Shares
[F2]
2026-03-01$6.25/sh+50,663$316,644→ 338,405 total
Exercise/Conversion
Registered Shares
[F3]
2026-03-01$6.25/sh+70,876$442,975→ 409,281 total
Tax Payment
Registered Shares
[F4]
2026-03-03$6.12/sh−62,886$384,862→ 346,395 total

Footnotes (4)

[F1]Restricted Units, which are 1-for-1 share equivalents, acquired on February 9, 2023, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2026.
[F2]Restricted Units, which are 1-for-1 share equivalents, acquired on February 8, 2024, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2026, resulting in the right of the reporting person to receive the registered shares. The remaining restricted share units vest as follows: 50,664 on March 1, 2027.
[F3]Restricted Units, which are 1-for-1 share equivalents, acquired on February 13, 2025, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2026, resulting in the right of the reporting person to receive the registered shares. The remaining restricted share units vest as follows: 70,876 on March 1, 2027 and 70,877 on March 1, 2028.
[F4]Shares sold upon vesting to satisfy tax withholding obligations.

Signature

/s/ Debra Kupferman by Power of Attorney|2026-03-03

Documents

1 file