TRANSOCEAN LTD_May 22, 2026

This Form 8-K filing by Transocean Ltd. reports on key decisions made at the 2026 Annual General Meeting of Shareholders held on May 22, 2026. Shareholders approved an amendment to the Articles of Association to permit the issuance of up to 240,801,936 shares, with a term expiring on May 22, 2027. This amendment also reflects changes in the Company's total issued share capital due to the issuance of 100,000,000 shares into treasury, resulting in a new share capital of U.S. $130,400,968.10 divided into 1,304,009,681 registered shares. This issuance is exempt under Section 4(a)(2) of the Securities Act of 1933, as it does not involve a public offering. Additionally, the Board of Directors approved an amendment to the Organizational Regulations to dissolve the Finance Committee, effective July 1, 2026. The filing also details the approval of the 2025 Annual Report, advisory votes on compensation and non-financial matters, discharge of board and management, appropriation of accumulated losses, election of directors and committee members, reelection of the independent proxy, and ratification of the independent registered public accounting firm and auditor.