SEADRILL Ltd
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
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Sep 30, 2026 · Filed Nov 4, 2026
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UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
During the second quarter of 2024, the Company's Board of Directors authorized a $500 million Share repurchase program that would initially run for a period of two years from June 25, 2024, the date of completion of the programs initiated in 2023. On June 22, 2026, the Company's Board of Directors authorized an extension of the Share repurchase program to run through December 31, 2026.
For the three months ended September 30, 2026, Seadrill repurchased outstanding common shares as follows:
| Period | Total number of shares purchased | Average price paid per share | Total number of shares purchased as part of publicly announced plans or programs | Maximum dollar value of shares that may yet be purchased under the plans or programs (1) |
|---|---|---|---|---|
| July 1 - July 31 | 497,360 | $40.11 | 497,360 | $168,289,382 |
| August 1 - August 31 | 50,314 | 42.58 | 50,314 | 166,146,864 |
| September 1 - September 30 | — | — | — | 166,146,864 |
| Total | 547,674 | $40.34 | 547,674 | $166,146,864 |
(1)Relates to the $500 million Share repurchase program authorized by the Company's Board of Directors and announced on May 16, 2024, which will run through December 31, 2026, as authorized by the Company's Board of Directors and announced on June 22, 2026.
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