Sec Form 3 Filing - Strickler Todd D @ Seadrill Ltd - 2025-01-01

FORM 3 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Strickler Todd D 2. Issuer Name and Ticker or Trading Symbol Seadrill Ltd [ SDRL] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Senior VP & General Counsel (Last) (First) (Middle) 11025 EQUITY DRIVE, SUITE 150 3. Date of Earliest Transaction (MM/DD/YY) 01/01/2025 (Street) HOUSTON, TX77041 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Shares 5,442 D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Restricted Stock Units ( 1 ) ( 1 ) ( 1 ) Common Shares 1,068 D Restricted Stock Units ( 2 ) ( 2 ) ( 2 ) Common Shares 6,124 D Restricted Stock Units ( 3 ) ( 3 ) ( 3 ) Common Shares 11,738 D Restricted Stock Units ( 4 ) ( 4 ) ( 4 ) Common Shares 7,480 D Restricted Stock Units ( 5 ) ( 5 ) ( 5 ) Common Shares 7,620 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Strickler Todd D 11025 EQUITY DRIVE, SUITE 150 HOUSTON, TX77041 Senior VP & General Counsel Signatures /s/ Todd D. Strickler 01/02/2025 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Represents restricted stock units granted to the reporting person on April 21, 2023. Each restricted stock unit represents a contingent right to receive one common share, par value $0.01 per share (a "Common Share"), of Seadrill Limited (the "Company"). The restricted stock units vest on August 6, 2025 and will be settled in cash or Common Shares at the election of the Joint Nomination and Remuneration Committee of the Board of Directors of the Company (the "Committee"). ( 2 )Represents restricted stock units granted to the reporting person on September 25, 2023. Each restricted stock unit represents a contingent right to receive one Common Share. The restricted stock units vest on September 25, 2025 and will be settled in cash or Common Shares at the election of the Committee. ( 3 )Represents restricted stock units granted to the reporting person on April 17, 2024. Each restricted stock unit represents a contingent right to receive one Common Share. The restricted stock units vest in three equal annual installments beginning on April 17, 2025 and will be settled in cash or Common Shares at the election of the Committee. ( 4 )Represents performance-based restricted stock units granted to the reporting person on April 21, 2023. Each restricted stock unit represents a contingent right to receive one Common Share. The restricted stock units may be earned based on the extent the Company maintains or exceeds set per Common Share trading prices for a period of at least 45 consecutive trading days over the period beginning on August 6, 2022 and ending on August 6, 2025. The earned restricted stock units vest subject to the reporting person's continued employment from the grant date through August 6, 2025 and will be settled in cash or Common Shares at the election of the Committee. ( 5 )Represents performance-based restricted stock units granted to the reporting person on September 25, 2023 for which the performance metric described below has been certified by the Committee. Each restricted stock unit represents a contingent right to receive one Common Share. The restricted stock units were earned based on the achievement of an annual free cash flow performance metric for the annual measurement period beginning on January 1, 2023 and ending on December 31, 2023. The earned restricted stock units vest subject to the reporting person's continued employment from the grant date through December 31, 2025 and will be settled in cash or Common Shares at the election of the Committee.

Remarks: Exhibit List: Exhibit 24 - Power of Attorney

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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