EVP & Chief Legal Officer Brady K Long sold 81,741 shares of RIG at $7.45 on 2026-05-21 for $608,970.45; stock now $6.81.
Brady K Long, EVP & Chief Legal Officer, sold 81,741 shares at $7.45, reducing his holdings by 6.8% from 1,207,179 to 1,125,438 shares. The sale occurred when the stock was trading 11.1% below its 52-week high of $7.66, and the stock has since declined to $6.81, meaning the sale was well-timed relative to subsequent price action. Long's cross-ticker track record shows a 0.00% well-timed rate on his 2 prior open-market sales (with average 90-day returns of +26.3%), while his prior two sales at RIG specifically (2026-01-27 and 2026-01-26) also produced positive post-sale returns of +30.4% and +22.2% respectively—neither well-timed by the metric of selling before a decline. The company reported latest-quarter revenue of $1,081,000,000, annual revenue growth of +12.5%, and net income of $71,000,000, though it was unprofitable over its most recent full fiscal year, which represents a fundamental disconnect between near-term operational results and full-year losses that may warrant attention to trend sustainability.