[Form 3] Borr Drilling Ltd Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Borr Drilling Ltd director Alexandra Kate Blankenship has filed an initial ownership report showing her position in the company. The Form 3 lists direct beneficial ownership of 274,875 common shares. A footnote also discloses 54,545 restricted share units scheduled to vest on September 30, 2026, if she continues serving as a director.

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^*

Blankenship Alexandra Kate

(Last) (First) (Middle)

C/O BORR DRILLING LIMITED

2ND FLOOR 9 PAR-LA-VILLE ROAD

(Street)

HAMILTON D0 HM11

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/17/2026

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

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

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

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

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	0(1)	D
Common Shares	274,875	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

Explanation of Responses:

1. 54,545 RSUs which will vest in full on September 30, 2026 conditional upon continuing to serve as a Director of the Company at the date of vesting.

Remarks:

	/s/ Temi Bankole as attorney-in-fact	03/17/2026
	** 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.

FAQ

What insider ownership does Borr Drilling (BORR) director Alexandra Blankenship report on this Form 3?

The Form 3 shows Alexandra Blankenship directly beneficially owns 274,875 common shares of Borr Drilling Ltd. This filing establishes her initial reported stake as a director under SEC rules, giving investors a baseline view of her equity exposure.

Are there any restricted share units (RSUs) reported for Borr Drilling (BORR) director Alexandra Blankenship?

A footnote reports 54,545 RSUs granted to Alexandra Blankenship. These RSUs will vest in full on September 30, 2026, provided she continues to serve as a director on that date, aligning part of her compensation with long-term service.

Does this Borr Drilling (BORR) Form 3 show any recent insider buying or selling?

No explicit insider purchases or sales are shown. The filing records holdings only, with transaction codes marked as unknown and no buy or sell counts in the summary, indicating this is primarily an initial ownership disclosure for regulatory purposes.

What is the purpose of this Form 3 filing for Borr Drilling (BORR)?

This Form 3 serves as an initial statement of beneficial ownership for director Alexandra Blankenship. It discloses her current common share holdings and RSUs, providing transparency about her equity interests as she serves on Borr Drilling’s board.

How do the RSU vesting conditions affect Borr Drilling (BORR) director compensation?

The 54,545 RSUs vest only if Alexandra Blankenship remains a director through September 30, 2026. This time-based vesting structure ties part of her compensation to continued board service, encouraging long-term alignment with the company’s governance.