SEADRILL Ltd Form SCHEDULE 13D/A — Oct 8, 2026
Elliott Investment Management filed Amendment No. 9 to its Schedule 13D on Seadrill Ltd, disclosing it sold 534,471 Seadrill common shares in the open market between September 22 and October 8, 2026, at prices between $43.90 and $47.43. Its direct beneficial ownership now stands at 3,108,641 shares, or 4.9% of the class — dropping below the 5% threshold. Separately, Elliott funds hold cash-settled swaps referencing 4,228,545 additional Seadrill shares, representing economic exposure comparable to 6.8% of the company, which Elliott disclaims beneficial ownership over.
Key figures
- Shares Outstanding
- 62541443
- Swap Shares
- 4228545
- Percent Of Class
- 4.9%
- Recent Sale Price Range
- $43.90 - $47.43
- Aggregate Cost Of Shares
- 69208895
- Shares Beneficially Owned
- 3108641
- Swap Economic Exposure Percent
- 6.8%
- Total Economic Exposure Percent
- 11.7%
AI analysis
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