SCHEDULE: Adage Capital Discloses 5.04% Stake in Seadrill

Adage Capital Management, L.P. and its principals have disclosed a 5.04% beneficial ownership stake in Seadrill Ltd, holding 3,138,286 common shares.

Summary

• Adage Capital Management, L.P., along with Robert Atchinson and Phillip Gross, reported beneficial ownership of 3,138,286 common shares of Seadrill Ltd.
• This ownership represents 5.04% of Seadrill Ltd's common shares outstanding.
• The percentage is calculated based on 62,225,301 common shares outstanding as of May 7, 2025, as reported in Seadrill's Quarterly Report on Form 10-Q filed on May 12, 2025.
• The filing is an Amendment No. 2 to a Schedule 13G, indicating an update to a previously reported beneficial ownership position.
• The reporting persons certify that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Seadrill Ltd.

Sentiment

Score: 5

Explanation: This is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the company's performance or future prospects. It simply reports an investment firm's stake.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of a significant ownership stake by an institutional investor in an offshore drilling company. It does not provide specific insights into broader industry trends or competitive dynamics beyond the fact that a major investment firm holds a notable position in the sector or this specific company.

Stakeholder Impact

• Shareholders: Disclosure of a significant institutional investor's stake can influence market perception and potentially provide a signal of institutional confidence or interest in the company.

Key Dates

Keywords

Seadrill, Adage Capital Management, Beneficial Ownership, Schedule 13G, Common Shares, Institutional Investor, Offshore Drilling