SEADRILL 2021 LTD

Ticker: SDRL CUSIP: G7997W102 Class: Common Stock

LAKEWOOD CAPITAL MANAGEMENT, LP's Holding History (CIK: 0001424381)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 85,100 Value ($000) $2,944 Avg Close $31.15 Range $28.10 - $35.22

Q3 2025

Shares 500,100 Value ($000) $15,108 Avg Close $30.46 Range $26.14 - $34.68

Q2 2025

Shares 525,100 Value ($000) $13,784 Avg Close $23.60 Range $17.74 - $29.41

Q1 2025

Shares 646,100 Value ($000) $16,153 Avg Close $30.97 Range $22.07 - $39.99

Q4 2024

Shares 503,000 Value ($000) $19,582 Avg Close $38.78 Range $34.74 - $42.36

Q3 2024

Shares 419,000 Value ($000) $16,651 Avg Close $46.00 Range $36.01 - $56.46

Q2 2024

Shares 283,000 Value ($000) $14,575 Avg Close $50.62 Range $47.01 - $53.58

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	85,100	$2,944	$31.15	$28.10 - $35.22
Q3 2025	500,100	$15,108	$30.46	$26.14 - $34.68
Q2 2025	525,100	$13,784	$23.60	$17.74 - $29.41
Q1 2025	646,100	$16,153	$30.97	$22.07 - $39.99
Q4 2024	503,000	$19,582	$38.78	$34.74 - $42.36
Q3 2024	419,000	$16,651	$46.00	$36.01 - $56.46
Q2 2024	283,000	$14,575	$50.62	$47.01 - $53.58