Borr Drilling (NYSE: BORR) CAO reports option and share stakes

Rhea-AI Filing Summary

Borr Drilling Ltd’s Chief Accounting Officer, Jehan Mawjee, filed an amended initial ownership report detailing her existing equity interests in the company. The filing lists direct holdings of 68,729 common shares and multiple grants of employee stock options to purchase common shares at various exercise prices and maturities.

The option awards cover blocks of 33,334 to 66,666 underlying common shares with exercise prices ranging from $1.66 to $6.54 and expiration dates between 2026 and 2029. Footnotes also describe restricted stock units scheduled to vest in 2026, 2027 and 2028, contingent on continued employment.

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

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1. Name and Address of Reporting Person^*

Mawjee Jehan

(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 Accounting 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	68,729(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	08/12/2024(2)	08/12/2026	Common Shares	33,334	$1.66	D
Employee Stock Option to Purchase Common Shares	08/12/2025(2)	08/12/2026	Common Shares	66,666	$1.66	D
Employee Stock Option to Purchase Common Shares	08/15/2025(3)	08/15/2029	Common Shares	41,666	$6.54	D
Employee Stock Option to Purchase Common Shares	08/15/2026(3)	08/15/2029	Common Shares	41,667	$6.54	D
Employee Stock Option to Purchase Common Shares	08/15/2027(3)	08/15/2029	Common Shares	41,667	$6.54	D
Employee Stock Option to Purchase Common Shares	03/01/2025(4)	11/17/2028	Common Shares	41,667	$6.31	D
Employee Stock Option to Purchase Common Shares	03/01/2026(4)	11/17/2028	Common Shares	41,667	$6.31	D
Employee Stock Option to Purchase Common Shares	03/01/2027(4)	11/17/2028	Common Shares	41,666	$6.31	D
Employee Stock Option to Purchase Common Shares	03/01/2024(5)	09/01/2027	Common Shares	43,334	$3.66	D
Employee Stock Option to Purchase Common Shares	03/01/2025(5)	09/01/2027	Common Shares	43,333	$4.41	D
Employee Stock Option to Purchase Common Shares	03/01/2026(5)	09/01/2027	Common Shares	43,333	$5.16	D

Explanation of Responses:

1. Includes (a) 22,910 restricted stock units (RSUs) that vest in full on September 1, 2026, (b) 22,909 RSUs that vest in full on September 1, 2027 and (c) 22,910 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 12, 2021 - options 1/3 vest every August 1 between 2023 and 2025 with strike price as at date of filing

3. 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

4. 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

5. 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

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 insider position does Jehan Mawjee hold at Borr Drilling (BORR)?

Jehan Mawjee is the Chief Accounting Officer of Borr Drilling Ltd. The amended ownership report identifies her as an officer rather than a director or 10% owner, and it details her holdings of common shares, stock options and restricted stock units in the company.

What common share holdings does the Borr Drilling CAO report in this Form 3/A?

The filing reports direct ownership of 68,729 common shares. This figure is shown as the total common shares held following the reported holdings entry, separate from the various employee stock options and restricted stock units described elsewhere in the document and its footnotes.

What stock option grants are disclosed for the Borr Drilling CAO in this filing?

The report lists several employee stock options to purchase common shares. These options have exercise prices including $1.66, $3.66, $4.41, $5.16, $6.31 and $6.54 per share, with expiration dates from 2026 through 2029 and underlying share amounts between 33,334 and 66,666.

Does this Borr Drilling Form 3/A show any insider buying or selling activity?

No, the filing only shows holdings and does not report buys or sells. All entries are classified as holdings, with the transaction summary indicating zero buy or sell transactions and a neutral net buy-sell direction for the period covered.

What do the footnotes say about restricted stock units for the Borr Drilling CAO?

The footnotes describe three tranches of restricted stock units (RSUs). These include 22,910 RSUs vesting on September 1, 2026, 22,909 vesting on September 1, 2027, and 22,910 vesting on September 1, 2028, each contingent on continuous employment and settled one-for-one in common shares.

How are the Borr Drilling CAO’s stock options structured in terms of vesting?

Footnotes outline multi-year vesting schedules for several option grants. Grants dated August 12, 2021, August 15, 2024, November 17, 2023 and September 1, 2022 vest in one‑third installments on specified August 1, August 15 or March 1 dates over two to three years, subject to employment conditions.