Jason Pack - 29 May 2025 Form 4 Insider Report for Transocean Ltd. (RIG)

Role: SVP, Chief Accounting Officer
Signature: /s/ Daniel Ro-Trock by Power of Attorney
Issuer symbol: RIG
Transactions as of: 29 May 2025
Net transactions value: +$4,477
Form type: 4
Filing time: 02 Jun 2025, 16:58:24 UTC
Previous filing: 04 Mar 2025
Next filing: 09 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Pack Jason	SVP, Chief Accounting Officer	1414 ENCLAVE PARKWAY, HOUSTON	/s/ Daniel Ro-Trock by Power of Attorney	02 Jun 2025	0002030852

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RIG	Registered Shares	Options Exercise	$7,456	+2,901	+1.4%	$2.57	204,001	29 May 2025	Direct	F1
transaction	RIG	Registered Shares	Tax liability	$2,979	-1,159	-0.57%	$2.57	202,842	30 May 2025	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted Units, which are 1-for-1 share equivalents, acquired on May 16, 2024, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on May 29, 2025, resulting in the right of the reporting person to receive the registered shares. The remaining restricted share units vest as follows: 2,901 on March 1, 2026; and 2,901 on March 1, 2027.
F2	Shares sold upon vesting to satisfy tax withholding obligations.