# EDGAR Filing Document

**Accession Number:** 0001737706
**File Stem:** 0001193125-26-258482
**Filing Date:** 2026-6
**Character Count:** 25465
**Document Hash:** 8a42bc75431f75a78e88dc8254afa4b1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-258482.hdr.sgml**: 20260622

**ACCESSION NUMBER**: 0001193125-26-258482

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 15

**FILED AS OF DATE**: 20260605

**DATE AS OF CHANGE**: 20260605

**EFFECTIVENESS DATE**: 20260605

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SEADRILL Ltd
- **CENTRAL INDEX KEY:** 0001737706
- **STANDARD INDUSTRIAL CLASSIFICATION:** DRILLING OIL & GAS WELLS [1381]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 981834031
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-296521
- **FILM NUMBER:** 261066956

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** PARK PLACE
- **STREET 2:** 55 PAR-LA-VILLE ROAD
- **CITY:** HAMILTON
- **PROVINCE COUNTRY:** D0
- **ZIP:** HM 11
- **BUSINESS PHONE:** 441 300 7250

**MAIL ADDRESS:**
- **STREET 1:** 4425 WESTWAY PARK BLVD
- **STREET 2:** SUITE 170
- **CITY:** HOUSTON
- **STATE:** TX

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Seadrill Ltd
- **DATE OF NAME CHANGE:** 20180710

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NEW SDRL LTD.
- **DATE OF NAME CHANGE:** 20180417

**As filed with the Securities and Exchange Commission on June 5, 2026** 

**Registration No. 333-** 

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**FORM S-8** 

**REGISTRATION STATEMENT** 

***UNDER***

***THE SECURITIES ACT OF 1933***

## SEADRILL LIMITED
**(Exact name of registrant as specified in its charter)** 

---

| | |
|:---|:---|
| **Bermuda** | **98-1834031** |
| **(State or other jurisdiction of**<br> **incorporation or organization)** | **(I.R.S. Employer**<br> **Identification No.)** |
| **4425 Westway Park Blvd., Suite 170**<br> **Houston, Texas** | **77041** |
| **(Address of Principal Executive Offices)** | **(Zip Code)** |

---

**Amended and Restated Seadrill Limited 2022 Management Incentive Plan** 

**(Full title of the plan)** 

**Todd Strickler** 

**Seadrill Americas Inc.** 

**4425 Westway Park Blvd., Suite 170** 

**Houston, Texas 77041** 

**(Name and address of agent for service)** 

**(713) 329-1150** 

**(Telephone number, including area code, of agent for service)** 

***Copies to:***

**Clinton W. Rancher** 

**Lakshmi Ramanathan** 

**Baker Botts L.L.P.** 

**910 Louisiana Street** 

**Houston, Texas 77002** 

**(713) 229-1234** 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

---

| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | ☒ | Accelerated filer | ☐ |
| Non-accelerated filer | ☐ | Smaller reporting company | ☐ |
|  |  | Emerging growth company | ☐ |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

------

**EXPLANATORY NOTE** 

Seadrill Limited (the "Company") is filing this Registration Statement on Form S-8 (this "Registration Statement") pursuant to General Instruction E of Form S-8 under the Securities Act of 1933, as amended (the "Securities Act"), to register an additional 1,400,000 common shares, par value $0.01 per share ("Common Shares"), of the Company issuable in respect of awards granted under the Amended and Restated Seadrill Limited 2022 Management Incentive Plan (as amended from time to time, the "Plan"), which include Common Shares that may again become available for delivery with respect to awards under the Plan pursuant to the share counting, share recycling and other terms and conditions of the Plan. Pursuant to Rule 416(a) under the Securities Act, this Registration Statement shall also cover such indeterminate number of additional Common Shares as may become issuable under the Plan as a result of share splits, share dividends or similar transactions pursuant to the adjustment or antidilution provisions thereof.

In accordance with General Instruction E to Form S-8, the contents of the Registration Statement on Form S-8 filed by the Company with the Securities and Exchange Commission (the "Commission") on [January 26, 2024](http://www.sec.gov/Archives/edgar/data/1737706/000119312524016717/d737316ds8.htm) (Registration No. 333-276710) relating to the Plan are incorporated by reference into this Registration Statement, except for those items being updated by this Registration Statement.

**PART II** 

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT** 

**Item 3.** **Incorporation of Documents by Reference.** <br>

Except to the extent that information is deemed furnished and not filed pursuant to federal securities laws and regulations, the following documents filed with the Commission by the Company are incorporated by reference into this Registration Statement and will be deemed to be a part hereof:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Company's Annual Report on 10-K for the fiscal year ended
December 31, 2025, filed with the Commission on [February 26, 2026](http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/0001737706/000173770626000010/sdrl-20251231.htm) (the "2025 Form 10-K");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Company's Quarterly Report on Form 10-Q for the quarter ended
March 31, 2026, filed with the Commission on [May 11, 2026](http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/0001737706/000173770626000016/sdrl-20260331.htm) ;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the Company's Current Reports on Form 8-K, filed with the
Commission on [March 18, 2026](http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/0001737706/000119312526113974/d28707d8k.htm) and [June 5, 2026](http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/1737706/000119312526258288/d138409d8k.htm) ;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the information included in the Company's Definitive Proxy Statement on Schedule 14A for the
Company's 2026 Annual General Meeting of Shareholders, filed with the Commission on [April 20, 2026](http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/0001737706/000114036126015486/ny20062826x1_def14a.htm) , to the extent incorporated by reference into Part III of the 2025 Form 10-K; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the description of the Common Shares contained in [Exhibit 4.1](http://www.sec.gov/Archives/edgar/data/1737706/000162828025008662/exhibit41-sdrlxdescription.htm) to the Company's Annual Report on Form 10-K for the fiscal year ended December 
31, 2024, filed with the Commission on [February 27, 2025](http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/1737706/000162828025008662/sdrl-20241231.htm) , and any amendment or report filed for the purpose of
updating such description.

Except to the extent that information is deemed furnished and not filed pursuant to federal securities laws and regulations, all documents subsequently filed with the Commission by the Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as amended, prior to the filing by the Company of a post-effective amendment to this Registration Statement which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be a part hereof from the dates of filing of such documents.

Any statement contained herein or in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.

------

**Item 8.** **Exhibits.** <br>

The following documents are filed as part of this Registration Statement or incorporated by reference herein:

---

| | |
|:---|:---|
| **Exhibit**<br> **Number** | **Description** |
| 4.1 | [Certificate of Incorporation of Seadrill 2021 Limited delivered October 21, 2021 (incorporated by reference to Exhibit 1.1 to Seadrill Limited's Annual Report on Form 20-F filed with the Commission on April 29, 2022).](http://www.sec.gov/Archives/edgar/data/1737706/000162828022011225/certificationofincorpora.htm) |
| 4.2 | [Memorandum of Association of Seadrill 2021 Limited (incorporated by reference to Exhibit 1.2 to Seadrill Limited's Annual Report on Form 20-F filed with the Commission on April 29, 2022).](http://www.sec.gov/Archives/edgar/data/1737706/000162828022011225/exhibit122021.htm) |
| 4.3 | [Certificate of Deposit of Memorandum of Increase of Share Capital of Seadrill Limited (incorporated by reference to Exhibit 1.3 to Seadrill Limited's Annual Report on Form 20-F filed with the Commission on April 29, 2022).](http://www.sec.gov/Archives/edgar/data/1737706/000162828022011225/exhibit132021.htm) |
| 4.4 | [Certificate of Change of Name from Seadrill 2021 Limited to Seadrill Limited delivered February 22, 2022 (incorporated by reference to Exhibit 1.5 to Seadrill Limited's Annual Report on Form 20-F filed with the Commission on April 29, 2022).](http://www.sec.gov/Archives/edgar/data/1737706/000162828022011225/namechangecertificate.htm) |
| 4.5 | [Bye-Laws of Seadrill Limited (incorporated by reference to Exhibit 1.4 to Seadrill Limited's Annual Report on Form 20-F filed with the Commission on April 29, 2022).](http://www.sec.gov/Archives/edgar/data/1737706/000162828022011225/exhibit142021.htm) |
| 4.6 | [Amended and Restated Seadrill Limited 2022 Management Incentive Plan (incorporated by reference to Exhibit 99.2 to Seadrill Limited's Report on 6-K furnished to the Commission on November 20, 2023).](http://www.sec.gov/Archives/edgar/data/1737706/000119312523280159/d485854dex992.htm) |
| 4.7 | [Amendment No. 1 to the Amended and Restated Seadrill Limited 2022 Management Incentive Plan (incorporated by reference to Exhibit 10.1 to Seadrill Limited's Current Report on Form 8-K filed with the Commission on June 5, 2026).](http://www.sec.gov/Archives/edgar/data/1737706/000119312526258288/d138409dex101.htm) |
| 5.1\* | [Opinion of Conyers Dill & Pearman Limited as to the legality of the securities being registered.](d119577dex51.htm) |
| 23.1\* | [Consent of PricewaterhouseCoopers LLP (United States), independent registered public accounting firm (Seadrill Limited).](d119577dex231.htm) |
| 23.2\* | [Consent of PricewaterhouseCoopers LLP (Watford, United Kingdom), independent registered public accounting firm (Seadrill Limited).](d119577dex232.htm) |
| 23.3\* | [Consent of Conyers Dill & Pearman Limited (included in Exhibit 5.1).](d119577dex51.htm) |
| 24.1\* | [Power of Attorney (included on the signature page hereto).](#sig) |
| 107.1\* | [Filing Fee Table.](d119577dexfilingfees.htm) |

---

\* Filed herewith.

------

**SIGNATURES** 

Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Houston, State of Texas, on June 5, 2026.

---

| | |
|:---|:---|
| **SEADRILL LIMITED** | **SEADRILL LIMITED** |
| By: | /s/ Samir Ali |
| Name: | Samir Ali |
| Title: | President and Chief Executive Officer |

---

**POWER OF ATTORNEY** 

Each person whose signature appears below hereby constitutes and appoints Samir Ali, Grant Creed and Todd Strickler, and each of them, each with full power to act without the other, as his or her true and lawful attorneys-in-fact and agents, each with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this registration statement, and to file the same with all exhibits thereto, and all other documents in connection therewith, with the Securities and Exchange Commission, granting unto each of said attorneys-in-fact and agents full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that each of said attorneys-in-fact and agents, or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the date(s) indicated.

---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| /s/ Samir Ali | President and Chief Executive Officer<br> (Principal Executive Officer) | June 5, 2026 |
| Samir Ali | President and Chief Executive Officer<br> (Principal Executive Officer) |  |
| /s/ Grant Creed<br> Grant Creed | Executive Vice President and Chief Financial Officer<br> (Principal Financial Officer and Principal Accounting<br> Officer) | June 5, 2026 |
| /s/ Julie Johnson Robertson | Chairman of the Board | June 5, 2026 |
| Julie Johnson Robertson |  |  |
| /s/ Mark A. McCollum | Director | June 5, 2026 |
| Mark A. McCollum |  |  |
| /s/ Jean Cahuzac | Director | June 5, 2026 |
| Jean Cahuzac |  |  |
| /s/ Jan B. Kjærvik | Director | June 5, 2026 |
| Jan B. Kjærvik |  |  |
| /s/ Andrew Schultz | Director | June 5, 2026 |
| Andrew Schultz |  |  |

---

------

---

| | | |
|:---|:---|:---|
| /s/ Paul Smith | Director | June 5, 2026 |
| Paul Smith |  |  |
| /s/ Ana Zambelli | Director | June 5, 2026 |
| Ana Zambelli |  |  |
| /s/ Harry Quarls | Director | June 5, 2026 |
| Harry Quarls |  |  |
| /s/ Jonathan Swinney | Director | June 5, 2026 |
| Jonathan Swinney |  |  |

---

------

**SIGNATURE OF AUTHORIZED REPRESENTATIVE OF THE REGISTRANT** 

Pursuant to the Securities Act of 1933, the undersigned, a duly authorized representative of Seadrill Limited in the United States, has signed this registration statement in the City of Houston, State of Texas, on June 5, 2026.

---

| | |
|:---|:---|
| **SEADRILL AMERICAS INC.** | **SEADRILL AMERICAS INC.** |
| By: | /s/ Todd Strickler |
| Name: | Todd Strickler |
| Title: | Senior Vice President and General Counsel |

---

## Exhibit 5.1

**Exhibit 5.1** 

---

| | |
|:---|:---|
| ![LOGO](g119577g0603091912587.jpg) | **CONYERS DILL & PEARMAN LIMITED** |
| ![LOGO](g119577g0603091912587.jpg) | <br> Clarendon House, 2 Church Street |
| ![LOGO](g119577g0603091912587.jpg) | Hamilton HM 11, Bermuda |
| ![LOGO](g119577g0603091912587.jpg) | <br> Mail: PO Box HM 666, Hamilton HM CX, Bermuda |
| ![LOGO](g119577g0603091912587.jpg) | T +1 441 295 1422 |
| ![LOGO](g119577g0603091912587.jpg) | <br> **conyers.com** |

---

5 June 2026

Matter No.: 1015551

+1 441 299 4968

jennifer.panchaud@conyers.com

Seadrill Limited

55 Par-la-ville Road

Hamilton, HM11

Bermuda

Dear Sirs,

---

| | |
|:---|:---|
| **Re:** | **Seadrill Limited (the "Company")**  |

---

We have acted as special Bermuda legal counsel to the Company in connection with a registration statement on Form S-8 filed with the Securities and Exchange Commission (the "**Commission**") on 5 June 2026 (the "**Registration Statement**", which term does not include any other document or agreement whether or not specifically referred to therein or attached as an exhibit or schedule thereto) relating to the registration under the United States Securities Act of 1933, as amended (the "**Securities Act**"), of 1,400,000 common shares, par value US$0.01 per share (the "**Common Shares**"), issuable pursuant to the Amended and Restated Seadrill Limited 2022 Management Incentive Plan (as amended by Amendment No.1 to the Amended and Restated Seadrill Limited 2022 Management Incentive Plan, the "**Plan**", which term does not include any other document or agreement whether or not specifically referred to therein or attached as an exhibit or schedule thereto).

**1.** **DOCUMENTS REVIEWED** 

For the purposes of giving this opinion, we have examined electronic copies of the following documents:

1.1. the Registration Statement; and

1.2. the Plan.

We have also reviewed:

1.3. copies of the memorandum of association and the bye-laws of the
Company, each certified by the Resident Representative of the Company on 2 June 2026;

------

1.4. copies of minutes of a meeting of its directors held on 6 August 22 and 25 September 2023, each
certified by the Secretary of the Company on or around 4 June 2026, minutes of a meetings of its members held on 17 November 2023 certified by the Secretary of the Company on or around 4 June 2026, minutes of a meeting of its
directors held on 25 March 2026 and minutes of a meeting of its Joint Nomination and Remuneration Committee held on 25 March 2026, each certified by the Secretary of the Company on 21 May 2026, and minutes of a meeting of its members
held on 3 June 2026 certified by the Secretary of the Company on or around 4 June 2026 (collectively, the "**Resolutions** "); and

1.5. such other documents and made such enquiries as to questions of law as we have deemed necessary in order to
render the opinion set forth below.

**2.** **ASSUMPTIONS** 

We have assumed:

2.1. the genuineness and authenticity of all signatures and the conformity to the originals of all copies (whether
or not certified) of all documents examined by us and the accuracy, authenticity and completeness of the originals from which such copies were taken;

2.2. that where a document has been examined by us in draft form, it will be or has been executed and/or filed in
the form of that draft, and where a number of drafts of a document have been examined by us all changes thereto have been marked or otherwise drawn to our attention;

2.3. the accuracy and completeness of all factual representations made in the Registration Statement, the Plan and
other documents reviewed by us;

2.4. that the Resolutions were passed at one or more duly convened, constituted and quorate meetings, or by
unanimous written resolutions, remain in full force and effect and have not been rescinded or amended;

2.5. that there is no provision of the law of any jurisdiction, other than Bermuda, which would have any implication
in relation to the opinions expressed herein;

2.6. the validity and binding effect under the laws of the State of Delaware of the Plan in accordance with its
terms;

2.7. that there is no provision of any award agreement which would have any implication in relation to the opinions
expressed herein;

2.8. that, upon the issue of any Common Shares, the Company will receive consideration for the full issue price
thereof which shall be equal to at least the par value thereof;

2.9. that on the date of issuance of any of the Common Shares the Company will have sufficient authorised but
unissued common shares; and

2.10. that the Company's shares will be listed on an appointed stock exchange, as defined in the Companies Act
1981, as amended, at the time of issuance of any Common Shares.

**conyers.com \| 2** 

------

**3.** **QUALIFICATIONS** 

3.1. We express no opinion with respect to the issuance of shares pursuant to any provision of the Plan that
purports to obligate the Company to issue shares following the commencement of a winding up or liquidation.

3.2. We have made no investigation of and express no opinion in relation to the laws of any jurisdiction other than
Bermuda.

3.3. This opinion is to be governed by and construed in accordance with the laws of Bermuda and is limited to and is
given on the basis of the current law and practice in Bermuda.

3.4. This opinion is issued solely for the purposes of the filing of the Registration Statement and the issuance of
the Common Shares by the Company pursuant to the Plan and is not to be relied upon in respect of any other matter.

**4.** **OPINION** 

On the basis of and subject to the foregoing, we are of the opinion that:

4.1. The Company is duly incorporated and existing under the laws of Bermuda in good standing (meaning solely that
it has not failed to make any filing with any Bermuda governmental authority under the Companies Act 1981, or to pay any Bermuda government fee or tax, which would make it liable to be struck off the Register of Companies and thereby cease to exist
under the laws of Bermuda).

4.2. When issued and paid for in accordance with the terms of the Plan, the Common Shares will be validly issued,
fully paid and non-assessable (which term means when used herein that no further sums are required to be paid by the holders thereof in connection with the issue of such shares).

We consent to the filing of this opinion as an exhibit to the Registration Statement. In giving such consent, we do not hereby admit that we are experts within the meaning of Section 11 of the Securities Act or that we are within the category of persons whose consent is required under Section 7 of the Securities Act or the Rules and Regulations of the Commission promulgated thereunder.

Yours faithfully,

/s/ Conyers Dill & Pearman Limited

**Conyers Dill & Pearman Limited** 

**conyers.com \| 3**

## Exhibit 23.1

**Exhibit 23.1** 

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the incorporation by reference in this Registration Statement on Form S-8 of Seadrill Limited of our report dated February 26, 2026 relating to the financial statements and the effectiveness of internal control over financial reporting, which appears in Seadrill Limited's Annual Report on Form 10-K for the year ended December 31, 2025.

---

| |
|:---|
| /s/ PricewaterhouseCoopers LLP |
| Houston, Texas |
| June 5, 2026 |

---

## Exhibit 23.2

**Exhibit 23.2** 

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the incorporation by reference in this Registration Statement on Form S-8 of Seadrill Limited of our report dated February 27, 2025 relating to the financial statements, which appears in Seadrill Limited's Annual Report on Form 10-K for the year ended December 31, 2025.

---

| |
|:---|
| /s/ PricewaterhouseCoopers LLP |
| Watford, United Kingdom |
| June 5, 2026 |

---

## Ex-Filing

?xml version='1.0' encoding='ASCII'? EX-FILING FEES

---

| |
|:---|
| **Calculation of Filing Fee Tables**  |
| &nbsp;&nbsp;&nbsp;&nbsp;**S-8**  |
| &nbsp;&nbsp;&nbsp;&nbsp;**SEADRILL Ltd**  |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Security Type**  | **Security Class Title**  | **Fee Calculation Rule**  | **Amount Registered**  | **Proposed Maximum Offering Price Per Unit**  | **Maximum Aggregate Offering Price**  | **Fee Rate**  | **Amount of Registration Fee**  |
| 1 | Equity | Common Shares, par value $0.01 per share | Other | 1400000 | $47.56 | $66584000.00 | 0.0001381 | $9195.25 |
| Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: |  | $66584000.00  |  | $9195.25  |
| Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  |  |  |  | $0.00  |
| Net Fee Due:  | Net Fee Due:  | Net Fee Due:  | Net Fee Due:  | Net Fee Due:  |  |  |  | $9195.25  |

---

 **Offering Note** <br>

<sup>1</sup> Estimated in accordance with Rule 457(c) and (h) under the Securities Act of 1933, as amended (the "Securities Act"), solely for purposes of calculating the registration fee, based on the average of the high and low sales prices of the common shares, par value $0.01 per share ("Common Shares"), of Seadrill Limited as reported on the New York Stock Exchange on May 29, 2026. Represents Common Shares issuable in respect of awards granted under the Amended and Restated Seadrill Limited 2022 Management Incentive Plan (as amended from time to time, the "Plan"), which include Common Shares that may again become available for delivery with respect to awards under the Plan pursuant to the share counting, share recycling and other terms and conditions of the Plan. Pursuant to Rule 416(a) under the Securities Act, this Registration Statement on Form S-8 shall also cover such indeterminate number of additional Common Shares as may become issuable under the Plan as a result of share splits, share dividends or similar transactions pursuant to the adjustment or antidilution provisions thereof.

---

| |
|:---|
| |
| **Rule 457(p)** |
| Fee Offset Claims |
| Fee Offset Sources |

---