Borr Drilling (NYSE: BORR) CEO details common share stake and option grants

Rhea-AI Filing Summary

Borr Drilling Ltd filed an amended insider report showing Chief Executive Officer Bruno Morand De Oliveira’s current equity holdings. He directly owns 694,828 Common Shares as of the reporting date and holds several employee stock option awards with exercise prices between $1.6600 and $6.5400 and expirations from August 12, 2026 to August 15, 2029.

Footnotes describe prior option grants dated August 12, 2021, September 1, 2022, November 17, 2023, and August 15, 2024, each vesting in three annual installments. They also note restricted stock units totaling three tranches of 183,276 RSUs vesting in full on September 1, 2026, September 1, 2027, and September 1, 2028, each RSU representing one common share.

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^*

Morand De Oliveira Bruno

(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)

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

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	694,828(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	08/15/2025(2)	08/15/2029	Common Shares	75,000	$6.54	D
Employee Stock Option to Purchase Common Shares	08/15/2026(2)	08/15/2029	Common Shares	75,000	$6.54	D
Employee Stock Option to Purchase Common Shares	08/15/2027(2)	08/15/2029	Common Shares	75,000	$6.54	D
Employee Stock Option to Purchase Common Shares	03/01/2025(3)	11/17/2028	Common Shares	100,000	$6.31	D
Employee Stock Option to Purchase Common Shares	03/01/2026(3)	11/17/2028	Common Shares	100,000	$6.31	D
Employee Stock Option to Purchase Common Shares	03/01/2027(3)	11/17/2028	Common Shares	100,000	$6.31	D
Employee Stock Option to Purchase Common Shares	03/01/2024(4)	09/01/2027	Common Shares	66,667	$3.66	D
Employee Stock Option to Purchase Common Shares	03/01/2025(4)	09/01/2027	Common Shares	66,667	$4.41	D
Employee Stock Option to Purchase Common Shares	03/01/2026(4)	09/01/2027	Common Shares	66,666	$5.16	D
Employee Stock Option to Purchase Common Shares	08/01/2023(5)	08/12/2026	Common Shares	91,667	$1.66	D
Employee Stock Option to Purchase Common Shares	08/01/2024(5)	08/12/2026	Common Shares	91,667	$1.66	D
Employee Stock Option to Purchase Common Shares	08/01/2025(5)	08/12/2026	Common Shares	91,666	$1.66	D

Explanation of Responses:

1. Includes (a) 183,276 restricted stock units (RSUs) that vest in full on September 1, 2026, (b) 183,276 RSUs that vest in full on September 1, 2027 and (c) 183,276 RSUs that vest in full on September 1, 2028, each conditional upon continuous employment with the Issuer at the date of vesting. Each RSU represents a contingent right to receive one common share

2. Grant of options on August 15, 2024 - options 1/3 vest every August 15 between 2025 and 2027 with strike price as at date of filing

3. Grant of options on November 17, 2023 - options 1/3 vest every March 1 between 2025 and 2027 with strike price as at date of filing

4. 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

5. 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 Borr Drilling (BORR) CEO Bruno Morand De Oliveira report owning in this Form 3/A?

He reports direct ownership of 694,828 Common Shares and multiple employee stock options. The options have exercise prices between $1.6600 and $6.5400 with expirations running from 2026 through 2029, reflecting his long-term equity alignment.

Are there any buy or sell transactions in this Borr Drilling (BORR) Form 3/A?

No buy or sell transactions are shown; it is a holdings report. All listed entries are labeled as holdings, and the transaction summary shows no purchases, sales, or option exercises, only unknown-code records reflecting existing positions.

What stock option grants for the Borr Drilling (BORR) CEO are disclosed?

He holds employee stock options on Common Shares with exercise prices of $1.6600, $3.6600, $4.4100, $5.1600, $6.3100, and $6.5400. Footnotes state these options were granted in 2021, 2022, 2023, and 2024 with staggered vesting schedules.

What restricted stock units (RSUs) for Borr Drilling (BORR) CEO are described?

Footnotes state he has three RSU tranches of 183,276 units each. They vest in full on September 1, 2026, September 1, 2027, and September 1, 2028, contingent on continuous employment, and each RSU represents a right to receive one common share.

How do the Borr Drilling (BORR) CEO’s options vest according to this filing?

The filing notes options granted on August 12, 2021, September 1, 2022, November 17, 2023, and August 15, 2024. Each grant vests in three equal installments over three years on specific dates (March 1 or August 1/15), aligning with multi-year service.

What is the nature of ownership reported by the Borr Drilling (BORR) CEO?

All listed holdings, including Common Shares and employee stock options, are reported as direct ownership with ownership code “D”. There is no indication of indirect holdings through entities or trusts in the provided data and footnotes.