December 3, 2025 · Form 4 insider transaction
Transocean Ltd. sold 2,021,920 shares of KITT at $1.02 per share, a transaction worth $2.06M. The trade was recorded as open-market sale and disclosed on an SEC Form 4, filed 1 day after the transaction.
The amount of securities beneficially owned following the reported transaction includes 6,421 shares of the Issuer's common stock that the reporting person has the right to receive if, on or before September 9, 2027, the shares of the Issuer's common stock meet or exceed certain target prices as set forth in the Merger Agreement described in the reporting person's Form 3 filed on September 23, 2022.; These securities are owned directly by Transocean International Limited, a Bermuda exempted company limited by shares. Transocean International Limited is a wholly owned subsidiary of Transocean Ltd. Because Transocean Ltd. controls Transocean International Limited, both Transocean Ltd. and Transocean International Limited are deemed to beneficially own the shares of common stock of the Issuer that Transocean International Limited holds directly or has a right to acquire.