Perestroika (Cyprus) Ltd

Perestroika (Cyprus) Ltd acquired 1,500,000 shares of RIG at $4.02; holder now owns 96,574,894 shares amid 2-insider cluster

Perestroika (Cyprus) Ltd, a director, purchased 1,500,000 shares of Transocean Ltd at $4.02 on 2025-11-24, increasing holdings to 96,574,894 shares and contributing to a cluster pattern where 2 other insiders also bought within the past 14 days. While RIG stock has risen 27.8% over 90 days and shows recent momentum (+3.8% in 30 days), the company remains deeply unprofitable with a net income of $-1,923,000,000.00 against $1,028,000,000.00 in quarterly revenue, and Perestroika's prior same-ticker history shows mixed outcomes with a 1-of-4 rate of well-timed buys at the 90-day mark. This multi-insider acquisition occurs as the stock trades 9.4% below its 52-week high, suggesting accumulation at a relatively depressed recent price point rather than at peak valuations.

Director Perestroika (Cyprus) Ltd buys 4,000,000 RIG shares at $3.05; part of cluster; stock -33.2% from 52-week high.

Perestroika (Cyprus) Ltd acquired 4,000,000 shares of Transocean Ltd (RIG) at $3.05 on 2025-09-26, increasing holdings to 95,074,894 shares. This purchase occurs as part of a cluster pattern—2 other insiders also bought within the past 14 days. RIG is trading at $3.12, down 33.2% from its 52-week high of $4.67, providing context for valuation at time of purchase. However, the insider's historical execution at this ticker shows mixed results: of 5 prior RIG purchases, only 1 was followed by positive 90-day returns (the February 2024 buy at +18.0%), while 4 of 5 saw declines over 90 days (ranging from -1.0% to -26.0%). The company reported a net loss of $-938,000,000.00 in the latest quarter despite revenue of $988,000,000.00 and remains unprofitable on a full-year basis, limiting fundamental support for the transaction.

Perestroika (Cyprus) Ltd director buys 1,500,000 shares of RIG at $4.13; stock down -52.5% from 52-week high, down -18.2% in 30 days.

Perestroika (Cyprus) Ltd, a major shareholder (91.07M shares post-transaction), purchased 1,500,000 shares at $4.13 on 2024-09-12 as the stock is trading -52.5% from its 52-week high of $8.69 and down -18.2% over the past 30 days. The company is unprofitable with net income of $-123,000,000 in the latest quarter, though annual revenue grew +10.0% year-over-year to $861.0M. Perestroika's prior timing at this ticker is mixed: of 4 prior RIG trades, only 1 of 3 measurable buy outcomes was well-timed (the 2024-02-27 purchase showing +18.0% at 90 days), while more recent buys on 2024-08-02 and 2024-05-15 faced -9.4% and -14.3% headwinds at the 30- and 90-day marks. A cluster of 2 other insiders also bought within the past 14 days, though this director's pattern of mixed execution and the company's ongoing losses and sharp recent declines provide limited confidence in near-term recovery.

Perestroika (Cyprus) Ltd director bought 2,000,000 RIG shares at $5.23; director already holds 89.57M shares; stock down 42.4% from 52-week high.

Perestroika (Cyprus) Ltd, a director with dominant holdings of 89,574,894 shares post-transaction, purchased 2,000,000 shares at $5.23 on 2024-08-02, adding $10,460,000.00 in capital to the position at a time when RIG trades at $5.01 (down 42.4% from the 52-week high of $8.69). The company itself remains unprofitable, with a net income of $-123,000,000.00 over the latest quarter against quarterly revenue of $861,000,000.00, and the broader pattern is mixed: Perestroika's prior two completed RIG buys showed a +28.4% 30-day gain (2024-02-27) but also a -26.0% 90-day loss (2023-09-15), suggesting inconsistent timing across this ticker. Notably, 2 other insiders also bought RIG within the past 14 days, creating a cluster purchase pattern that may reflect coordinated shareholder action or confidence at depressed levels, though the company's current unprofitability and negative near-term price momentum (-12.4% over 90 days) frame this transaction in a context of material operational and valuation headwinds.