Elliott Investment Management Amends Seadrill Filing

TL;DR

Elliott Investment Management updated their Seadrill stake filing. Watch for more.

AI Summary

Elliott Investment Management L.P. has filed an amendment (No. 6) to its Schedule 13D concerning Seadrill Limited, as of August 22, 2024. The filing indicates changes in beneficial ownership, though specific new holdings or changes in percentage are not detailed in this excerpt. Elliott Investment Management L.P. is a significant entity involved in investment management.

Why It Matters

This filing signals potential shifts in significant shareholder positions, which could influence Seadrill's stock performance and corporate strategy.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often indicate changes in significant investor positions, which can lead to stock volatility.

Key Players & Entities

• Seadrill Limited (company) — Subject Company
• Elliott Investment Management L.P. (company) — Filing Party
• Eleazer Klein, Esq. (person) — Legal Counsel
• Adriana Schwartz, Esq. (person) — Legal Counsel
• Schulte Roth & Zabel LLP (company) — Legal Counsel

FAQ

Key Financial Figures

• $0.01 — e of Issuer) Common Shares, par value $0.01 per share (Title of Class of Securitie
• $72,519,850 — Shares reported herein is approximately $72,519,850. The Reporting Person may effect purc

Filing Documents

• p24-2657sc13da.htm (SC 13D/A) — 38KB
• 0000902664-24-005240.txt ( ) — 40KB

of the Schedule 13D is hereby amended and restated to read as follows

Item 3 of the Schedule 13D is hereby amended and restated to read as follows:

of the Schedule 13D is incorporated herein by reference

Item 4 of the Schedule 13D is incorporated herein by reference. The aggregate cost of the Common Shares reported herein is approximately $72,519,850. The Reporting Person may effect purchases of the Common Shares through margin accounts maintained for the Elliott Funds with prime brokers, which extend margin credit as and when required to open or carry positions in their margin accounts, subject to applicable federal margin regulations, stock exchange rules and such firms' credit policies. Positions in the Common Shares may be held in margin accounts and may be pledged as collateral security for the repayment of debit balances in such accounts. Since other securities may be held in such margin accounts, it may not be possible to determine the amounts, if any, of margin used to purchase the Common Shares. Item 5. INTEREST IN SECURITIES OF THE ISSUER Items 5(a)-(c) of the Schedule 13D are hereby amended and restated to read as follows: (a) See rows (11) and (13) of the cover page to this Schedule 13D for the aggregate number of Common Shares and percentage of Common Shares beneficially owned by the Reporting Person. The aggregate percentage of Common Shares reported beneficially owned by the Reporting Person is based upon 68,834,075 admitted Common Shares as set forth on the Euronext website as of the date hereof. (b) See rows (7) through (10) of the cover page to this Schedule 13D for the Common Shares as to which the Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition. (c) The transactions in the Common Shares effected by the Reporting Person during the past sixty (60) days, which were all in the open market, are set forth on Schedule 1 attached hereto. Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER The fifth paragraph of Item 6 of the Schedule 13D is hereby amended and restated as follows: The Elliott

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. DATE: August 22, 2024 Elliott Investment Management L.P. /s/ Elliot Greenberg Name:Elliot Greenberg Title:Vice President CUSIP No. G7997W102 Schedule 13D/A Page 5 of 5 Pages SCHEDULE 1 Transactions in the Common Shares of the Issuer by the Reporting Person During the Past Sixty (60) Days The following table sets forth all transactions in the Common Shares effected during the past sixty (60) days by the Reporting Person. Except as noted below, all such transactions were effected in the open market through brokers and the price per share includes commissions. Trade Date Shares Purchased (Sold) Price Per Share ($) 06/28/2024 (113,438) 51.51 07/05/2024 (19,465) 51.61 07/08/2024 (4,124) 52.07 07/09/2024 (5,100) 50.44 07/15/2024 (70,734) 54.70 07/16/2024 (4,400) 54.88 07/22/2024 (66,570) 54.00 07/23/2024 (50,970) 54.82 07/24/2024 (5,020) 54.22 07/25/2024 (97,190) 55.09 07/26/2024 (78,191) 53.31 07/29/2024 (45,474) 54.16 08/05/2024 100,000 46.94

View Full Filing

View this SC 13D/A filing on SEC EDGAR