Perestroika

Director Perestroika purchases 1,500,000 shares of RIG at $4.02; holds 96,574,894 shares post-transaction as part of cluster buy pattern

Perestroika, a director, purchased 1,500,000 shares of Transocean Ltd. (RIG) at $4.02 on 2025-11-24, adding to an already substantial position of 96,574,894 shares. This represents a +1.6% increase in holdings at a price 0.3% below the current market level of $4.05. The purchase occurred within a 14-day cluster involving 2 other insiders also buying, which may suggest some coordinated conviction among board members. However, the broader context is mixed: Perestroika's prior trades at RIG show only 1 of 4 measurable prior buys (25%) ultimately produced positive 90-day returns, with the most recent acquisition on 2025-09-26 showing strong 30-day performance (+27.9%) but outcomes not yet fully measurable. Fundamentally, the company generated $1,028,000,000 in quarterly revenue with -24.4% annual growth and remains unprofitable with net income of $-1,923,000,000, presenting headwinds that complicate interpretation of insider accumulation alone.

Director Perestroika bought 4,000,000 shares of RIG at $3.05 (9/26); stock now $3.12. Cluster pattern with 2 other insiders buying within 14 days.

Perestroika, a Director, purchased 4,000,000 shares at $3.05 on 2025-09-26, expanding holdings from 91,074,894 to 95,074,894 shares (+4.4%). The transaction arrived as part of a cluster pattern—two other insiders also bought within the past 14 days. However, the insider's prior track record at this ticker is mixed: of 5 earlier RIG buys, only 1 generated a positive 90-day return; the average 90-day outcome across those 5 trades was negative. Fundamentally, RIG reported a net loss of $-938,000,000.00 in the latest quarter despite strong annual revenue growth of +24.4%, indicating the company remains unprofitable on a full-year basis. The current price of $3.12 sits -33.2% from the 52-week high and has declined -1.0% over 90 days, matching the historical pattern where insider buys at this ticker have typically underperformed on that timeframe.

Director Perestroika bought 1,500,000 shares of RIG at $4.13 on 2024-09-12; stock down -52.5% from 52-week high; cluster buy pattern with 2 other insiders in past 14 days.

Director Perestroika purchased 1,500,000 shares (1.50M shares) of Transocean Ltd. at $4.13 on 2024-09-12, increasing holdings by +1.7% to 91,074,894 shares total. The purchase occurs with the stock trading at -52.5% from its 52-week high and -18.2% over the past 30 days, suggesting significant downward momentum. Critically, this purchase is part of a cluster buy pattern with 2 other insiders acquiring shares within the past 14 days, which may signal aligned confidence despite near-term price deterioration. However, Perestroika's same-ticker history at RIG shows mixed outcomes: of 4 prior buys at this ticker, only 1 of 3 measurable 90-day results was well-timed (the 2024-02-27 buy returned +18.0% over 90 days), while the 2024-05-15 and 2023-09-15 purchases both declined -14.3% and -26.0% respectively at the 90-day mark. The company is unprofitable (net income of -$123.0M in the latest quarter) despite 10.0% annual revenue growth, suggesting fundamental challenges that may warrant scrutiny of insider motivations at severely depressed valuations.

Director Perestroika bought 2,000,000 shares of RIG at $5.23 on 2024-08-02; stock now at $5.01, down 42.4% from 52-week high.

Perestroika, a director, purchased 2,000,000 shares for $10,460,000.00 on 2024-08-02, expanding holdings from 87.57M to 89.57M shares, while the company operates unprofitably with net income of $-123,000,000.00 against quarterly revenue of $861,000,000.00. The transaction occurred as RIG's stock trades -42.4% from its 52-week high and follows a pattern of mixed outcomes: at this same ticker, his 2024-02-27 buy returned +18.0% at the 90-day mark, while his 2023-09-15 buy declined -26.0% over 90 days. A cluster of 2 other insiders also purchased within the prior 14 days, suggesting coordinated director activity. Current price of $5.01 sits below the $5.23 transaction price, and the insider's broader cross-ticker track record shows 3 prior buys averaging -4.0% at 90 days with a 50% win rate, indicating directional conviction is offset by measurable execution risk.