Company: RIG
Filing Date: 2025-09-26
Form Type: 424B5
Source: 0001451505-25-000102
Chunk: 45

Company: Transocean Ltd.
Filing Date: 2025-09-26
Form: 424B5
Chunk 45
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 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 or other securities, in cash or otherwise, or publicly disclose the intention to enter into any such transaction, without, in each case, the prior written consent of the representatives for a period of 60 days (the “Restricted Period”) after the date of this prospectus supplement.

These lock-up restrictions are subject to certain specific exceptions, including (but not limited to) (a) transactions relating to our shares or other securities acquired in open market transactions after the completion of the offering; provided that no filing under Section 16(a) of the Exchange Act shall be required or shall be voluntarily made in connection with subsequent sales of our shares or other securities acquired in such open market transactions, (b) transfers of our shares or any security convertible into our shares as a bona fidegift; providedthat any such transfer shall not involve a disposition for value, (c) distributions of our shares or any security convertible into our shares to limited partners or shareholders of the lock-up party; provided that in the case of any transfer or distribution pursuant to above clause (c), (i) each donee or distributee shall sign and deliver a lock up agreement substantially in the form of this agreement and (ii) no filing under Section 16(a) of the Exchange Act, reporting a reduction in beneficial ownership of our shares, shall be required or shall be voluntarily made during the Restricted Period, (