Borr Drilling (BORR) director details share, RSU and option stakes

Rhea-AI Filing Summary

Borr Drilling Ltd director Patrick Schorn reports his current equity holdings in the company, rather than any new trades. He directly owns 2,335,000 common shares. This includes 500,000 restricted stock units that vested in full on December 31, 2025 and 250,000 RSUs scheduled to vest on December 31, 2026, conditional on his continued service as a director.

Schorn also holds several employee stock option grants over common shares. One grant from September 1, 2022 vests in three annual tranches between March 1, 2024 and March 1, 2026 with staggered exercise prices of $3.66, $4.41 and $5.16 per share, expiring on September 1, 2027. Another grant from August 12, 2021 vests in three annual tranches between August 1, 2023 and August 1, 2025 at an exercise price of $1.66 per share, expiring on August 12, 2026.

Insider Trade Summary

7 transactions reported

Mixed 7 txns

Insider Schorn Patrick

Role Director

Type	Security	Shares	Price	Value
holding	Employee Stock Option to Purchase Common Shares	--	--	--
holding	Employee Stock Option to Purchase Common Shares	--	--	--
holding	Employee Stock Option to Purchase Common Shares	--	--	--
holding	Employee Stock Option to Purchase Common Shares	--	--	--
holding	Employee Stock Option to Purchase Common Shares	--	--	--
holding	Employee Stock Option to Purchase Common Shares	--	--	--
holding	Common Shares	--	--	--

Holdings After Transaction: Employee Stock Option to Purchase Common Shares — 333,334 shares (Direct); Common Shares — 2,335,000 shares (Direct)

Footnotes (1)

1. Includes (a) 500,000 restricted stock units (RSUs) that vested in full on December 31, 2025 and (b) 250,000 RSUs that vest in full on December 31, 2026 conditional upon continuing to serve as a Director of the Issuer at the date of vesting. Each RSU represents a contingent right to receive one common share Grant of options on September 1, 2022 - options 1/3 vest every March 1 between 2024 and 2026 with staggered strike price as at date of filing Grant of options on August 12, 2021 - options 1/3 vest every August 1 between 2023 and 2025 with strike price as at date of filing

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Schorn Patrick

(Last) (First) (Middle)

C/O BORR DRILLING LIMITED

2ND FLOOR 9 PAR-LA-VILLE ROAD

(Street)

HAMILTON HM11

(City) (State) (Zip)

BERMUDA

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Borr Drilling Ltd [ BORR ]

3a. Foreign Trading Symbol
[BORR]

5. If Amendment, Date of Original Filed (Month/Day/Year)
03/18/2026

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Shares	2,335,000(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option to Purchase Common Shares	03/01/2024(2)	09/01/2027	Common Shares	333,334	$3.66	D
Employee Stock Option to Purchase Common Shares	03/01/2025(2)	09/01/2027	Common Shares	333,333	$4.41	D
Employee Stock Option to Purchase Common Shares	03/01/2026(2)	09/01/2027	Common Shares	333,333	$5.16	D
Employee Stock Option to Purchase Common Shares	08/12/2023(3)	08/12/2026	Common Shares	400,000	$1.66	D
Employee Stock Option to Purchase Common Shares	08/12/2024(3)	08/12/2026	Common Shares	400,000	$1.66	D
Employee Stock Option to Purchase Common Shares	08/12/2025(3)	08/12/2026	Common Shares	400,000	$1.66	D

Explanation of Responses:

1. Includes (a) 500,000 restricted stock units (RSUs) that vested in full on December 31, 2025 and (b) 250,000 RSUs that vest in full on December 31, 2026 conditional upon continuing to serve as a Director of the Issuer at the date of vesting. Each RSU represents a contingent right to receive one common share

2. Grant of options on September 1, 2022 - options 1/3 vest every March 1 between 2024 and 2026 with staggered strike price as at date of filing

3. Grant of options on August 12, 2021 - options 1/3 vest every August 1 between 2023 and 2025 with strike price as at date of filing

Remarks:

	/s/ Temi Bankole as attorney-in-fact	03/25/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does the Borr Drilling (BORR) Form 3/A for Patrick Schorn show?

The Form 3/A shows current holdings for director Patrick Schorn, not new trades. He reports direct ownership of common shares, vested restricted stock units, and several employee stock option grants with specified vesting schedules and exercise prices.

How many Borr Drilling common shares does Patrick Schorn hold?

Patrick Schorn directly holds 2,335,000 common shares of Borr Drilling. This figure includes vested restricted stock units and outlines additional RSUs that are scheduled to vest in the future, subject to continued board service.

What restricted stock units (RSUs) are reported for BORR director Patrick Schorn?

Schorn reports 500,000 RSUs that vested in full on December 31, 2025 and 250,000 RSUs that vest on December 31, 2026, conditional on him continuing to serve as a Borr Drilling director at the vesting date.

What stock option grants over Borr Drilling shares does Patrick Schorn hold?

Schorn holds employee stock options from grants dated September 1, 2022 and August 12, 2021. These vest in three annual tranches each, with exercise prices of $3.66, $4.41, $5.16 and $1.66 per share, and expirations in 2027 and 2026.

Does the Borr Drilling Form 3/A show Patrick Schorn buying or selling shares?

The Form 3/A lists holdings only, with transaction codes marked as unknown and no buy or sell activity identified. It updates Schorn’s ownership of common shares, RSUs, and stock options without recording open-market trades.

When do Patrick Schorn’s Borr Drilling stock options expire?

The reported employee stock options expire on September 1, 2027 for the 2022 grant and August 12, 2026 for the 2021 grant. Each grant is tied to specific vesting dates and exercise prices over Borr Drilling common shares.