SCHEDULE 13G/A: Adage Capital Management Discloses 6.76% Stake in Seadrill Ltd

Adage Capital Management, L.P., along with its managing members Robert Atchinson and Phillip Gross, has reported a beneficial ownership of 6.76% in Seadrill Ltd, holding 4,200,535 common shares.

Summary

• Adage Capital Management, L.P., Robert Atchinson, and Phillip Gross (collectively, the "Reporting Persons") have filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership in Seadrill Ltd.
• The Reporting Persons collectively beneficially own 4,200,535 common shares of Seadrill Ltd.
• This ownership represents 6.76% of the total common shares outstanding.
• The percentage is calculated based on 62,163,028 common shares outstanding as of February 20, 2025, as reported in Seadrill Ltd's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed on February 27, 2025.
• Adage Capital Management, L.P. is a Delaware limited partnership, while Robert Atchinson and Phillip Gross are citizens of the United States.
• The Reporting Persons hold shared voting and shared dispositive power over all 4,200,535 shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 6

Explanation: The document is largely neutral as it is a mandatory disclosure of beneficial ownership. The disclosure of a significant institutional stake by a known investment firm could be perceived as a slightly positive signal by the market, indicating institutional interest.

Positives

• The disclosure of a significant institutional investment by Adage Capital Management, a reputable investment firm, may be viewed positively by the market as a vote of confidence in Seadrill Ltd.

Future Outlook

N/A This filing is a beneficial ownership report and does not contain forward-looking statements or guidance from Seadrill Ltd.

Industry Context

N/A This Schedule 13G filing primarily concerns beneficial ownership disclosure and does not provide information for broader industry trend analysis.

Stakeholder Impact

• Shareholders: The disclosure provides transparency regarding the ownership structure of Seadrill Ltd, informing existing and potential investors about a significant institutional stake.

Key Dates

Keywords

Seadrill Ltd, Adage Capital Management, Beneficial Ownership, Schedule 13G, Common Shares, Institutional Investment, SEC Filing