Company: RIG
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001451505-25-000049
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Company: Transocean Ltd.
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 1A
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Item 1A.Risk Factors

There have been no material changes to the risk factors as previously disclosed in “Part I. Item 1A. Risk Factors” in our annual report on Form 10-K for the year ended December 31, 2024.

Item 2.Unregistered Sales of Equity Securities and Use of Proceeds

Issuer Purchases of Equity Securities

​​​​​​​​​​​​​​​​​​​Total number of shares​Approximate dollar value​​​Total number​Average​purchased as part​of shares that may yet​​​of shares​price paid​of publicly announced​be purchased under the plans​Period    purchased    per share    plans or programs    or programs (in millions) (a) January 2025​ —​$ —​— $ 3,668​February 2025​ —​​ —​—​​ 3,668​March 2025​ —​​ —​—​​ 3,668​Total​ —​$ —​ — $ 3,668​

(a)In May 2009, at our annual general meeting, shareholders approved and authorized our board of directors, at its discretion, to repurchase for cancellation any amount of our shares for an aggregate purchase price of up to CHF 3.50 billion.  At March 31, 2025, the authorization remaining under the share repurchase program was for the repurchase of our outstanding shares for an aggregate purchase price of up to CHF 3.24 billion, equivalent to $3.67 billion.  The share repurchase program could be suspended or discontinued by our board of directors or company management, as applicable, at any time.

Item 3.Defaults Upon Senior Securities

Not applicable.

Item 4.Mine Safety Disclosures

Not applicable.

Item 5.Other Information

In accordance with Transocean’s previously announced succession planning strategy, Mr. Keelan Adamson has been appointed President and Chief Executive Officer of Transocean effective as of May 1, 2025.  Mr. Adamson will assume the responsibilities of Principal Executive Officer from Mr. Jeremy Thigpen as of such date.