Company: RIG
Filing Date: 2025-09-24
Form Type: 424B5
Source: 0001451505-25-000097
Chunk: 44

Company: Transocean Ltd.
Filing Date: 2025-09-24
Form: 424B5
Chunk 44
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We estimate that our out-of-pocket expenses for this offering will be approximately $ . All of the offering expenses will be paid by us. We also have agreed to reimburse the underwriters for up to $25,000 for their Financial Industry Regulatory Authority, Inc. (“FINRA”) counsel fee. In accordance with FINRA Rule 5110, this reimbursed fee is deemed underwriting compensation for this offering. Our shares are listed and trade on the NYSE under the symbol “RIG.”

S-27

In connection with this offering, we agreed that, subject to certain exceptions, we will not offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly or indirectly, any shares or securities convertible into or exercisable or exchangeable for any shares, excluding any exchangeable bonds issued by Transocean Inc. and guaranteed by the Company or any of its subsidiaries, or enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of shares, whether any of these transactions are to be settled by delivery of shares or other securities, in cash or otherwise, or file any registration statement with the SEC relating to the offering of any shares or any securities convertible into or exercisable or exchangeable for shares (other than a registration statement on Form S-8 or any registration statement the Company is required to file pursuant to existing registration rights) or publicly disclose the intention to enter into any such transaction or make such filing, without the prior written consent of the representatives for a period of 60 days after the date of this prospectus supplement.

Each of our executive officers and directors (collectively with Transocean, the “lock-up parties” and each, a “lock-up party”) have also agreed in connection with this offering that they will not offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly or indirectly, any shares or securities convertible into or exchangeable or exercisable for any shares, or enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of our shares, whether any of these transactions are to be settled by delivery of our shares