UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 6-K

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REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of July 2024

Commission File Number 001-39327

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SEADRILL LIMITED

(Exact name of Registrant as specified in its Charter)

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Park Place

55 Par-la-Ville Road
Hamilton HM 11 Bermuda

(Address of principal executive office)

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Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒        Form 40-F ☐

Seadrill Announces Transactions Made Under the Company’s Share Repurchase Program

Hamilton, Bermuda, July 15, 2024 - Seadrill Limited (“Seadrill” or the “Company”) (NYSE & OSE: SDRL) initiated a share repurchase program June 26, 2024 to repurchase up to $200 million of the Company’s common shares in open market transactions on the OSE and NYSE through September 25, 2024 until no later than September 30, 2025 pursuant to an agreement with DNB Markets (“DNB”).

For the period from and including July 8, 2024, through July 12, 2024, the Company purchased a total of 188,500 shares at an average price of $51.36 per share. The transactions effected through the agreement with DNB comprise all the transactions effected by or on behalf of the Company during the period.

Transaction overview

Date	Trading Venue	Volume	Weighted Average Share Price (USD)	Total Daily Transaction Value (USD)
8 JUL 2024	OSE	800	51.48	41,182
8 JUL 2024	NYSE	85,000	51.14	4,346,960
9 JUL 2024	OSE	700	51.00	35,699
9 JUL 2024	NYSE	25,000	50.54	1,263,438
10 JUL 2024	OSE	700	50.63	35,438
10 JUL 2024	NYSE	25,000	50.60	1,265,020
11 JUL 2024	OSE	650	51.14	33,240
11 JUL 2024	NYSE	25,000	51.97	1,299,338
12 JUL 2024	OSE	650	52.58	34,180
12 JUL 2024	NYSE	25,000	53.05	1,326,353
Period total	OSE	3,500	51.35	179,740
	NYSE	185,000	51.36	9,501,107
	Total	188,500	51.36	9,680,847
Previously disclosed totals (accumulated)	OSE	6,600	51.13	337,481
	NYSE	321,118	51.13	16,418,132
	Total	327,718	51.13	16,755,613
Program total	OSE	10,100	51.21	517,221
	NYSE	506,118	51.21	25,919,239
	Total	516,218	51.21	26,436,459

The issuer’s holding of repurchased shares: 516,218

Following the completion of the above transactions, the Company has repurchased a total of 516,218 of its own shares, corresponding to 0.76% of the Company’s total issued share count.

Appendix:
An overview of all transactions made under the Company’s repurchase program and its agreement with DNB that have been carried out during the above-mentioned period is attached to this report and available at www.newsweb.no.

About Seadrill Limited
Seadrill is setting the standard in deepwater oil and gas drilling. With its modern fleet, experienced crews, and advanced technologies, Seadrill safely, efficiently, and responsibly unlocks oil and gas resources for national, integrated, and independent oil companies. For further information, visit www.seadrill.com.

Contact

Lydia Brantley Mabry

Director of Investor Relations

ir@seadrill.com

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	SEADRILL LIMITED
Date: July 15, 2024
	By:	/s/ Grant Creed                       Name: Grant Creed Title: Chief Financial Officer

THIS REPORT ON FORM 6-K IS HEREBY INCORPORATED BY REFERENCE INTO (I) THE REGISTRATION STATEMENT ON FORM F-3 (NO. 333-271916) ORIGINALLY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON MAY 15, 2023 AND (II) THE REGISTRATION STATEMENT ON FORM S-8 (NO. 333-276710) ORIGINALLY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON JANUARY 26, 2024.