Borr Drilling (NYSE: BORR) CEO details share, option and RSU holdings

Rhea-AI Filing Summary

Borr Drilling Ltd’s Chief Executive Officer, Bruno Morand De Oliveira, has filed an initial statement of beneficial ownership. He directly holds 145,000 common shares and a series of employee stock options to purchase additional common shares at exercise prices between $1.6600 and $6.5400, with expirations from 2026 through 2029.

The options reflect multiple grants that vest in staged thirds, as described in the footnotes for awards dated August 12, 2021, September 1, 2022, August 15, 2024, and November 17, 2023. Footnotes also note 183,276 restricted share units vesting on each of September 1, 2026, September 1, 2027, and September 1, 2028, subject to his 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^*

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)

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	0(1)	D
Common Shares	0(2)	D
Common Shares	0(3)	D
Common Shares	145,000	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(4)	08/15/2029	Common Shares	75,000	$6.54	D
Employee Stock Option to Purchase Common Shares	08/15/2026(4)	08/15/2029	Common Shares	75,000	$6.54	D
Employee Stock Option to Purchase Common Shares	08/15/2027(4)	08/15/2029	Common Shares	75,000	$6.54	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	08/01/2025(5)	08/12/2026	Common Shares	91,666	$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	03/01/2024(6)	09/01/2027	Common Shares	66,667	$3.66	D
Employee Stock Option to Purchase Common Shares	03/01/2026(6)	09/01/2027	Common Shares	66,666	$5.16	D
Employee Stock Option to Purchase Common Shares	03/01/2025(6)	09/01/2027	Common Shares	66,667	$4.41	D
Employee Stock Option to Purchase Common Shares	03/01/2025(7)	11/17/2028	Common Shares	100,000	$6.31	D
Employee Stock Option to Purchase Common Shares	03/01/2027(7)	11/17/2028	Common Shares	100,000	$6.31	D
Employee Stock Option to Purchase Common Shares	03/01/2026(7)	11/17/2028	Common Shares	100,000	$6.31	D

Explanation of Responses:

1. 183,276 RSUs that vest on September 1, 2027 and are conditional on the grantee remaining in continuous employment with the Company

2. 183,276 RSUs that vest on September 1, 2026 and are conditional on the grantee remaining in continuous employment with the Company

3. 183,276 RSUs that vest on September 1, 2028 and are conditional on the grantee remaining in continuous employment with the Company

4. 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

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

6. 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

7. 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

Remarks:

	/s/ Temi Bankole as attorney-in-fact	03/18/2026
	** 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 on his Form 3?

He reports direct ownership of 145,000 common shares of Borr Drilling Ltd, plus multiple employee stock options and restricted share units that provide potential additional exposure, all detailed with specific exercise prices, vesting schedules, and expiration dates in the filing and its footnotes.

What stock options does the BORR CEO hold according to this Form 3?

The CEO holds several employee stock options to purchase Borr Drilling common shares with exercise prices from $1.6600 to $6.5400, expiring between 2026 and 2029. Vesting occurs in one-third increments on specified dates tied to each original grant.

What restricted share units (RSUs) are disclosed for the BORR CEO?

Footnotes disclose 183,276 RSUs vesting on each of September 1, 2026, September 1, 2027, and September 1, 2028. Each tranche is conditional on Bruno Morand De Oliveira remaining in continuous employment with Borr Drilling until the relevant vesting date.

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

This Form 3 primarily lists existing holdings rather than new buy or sell transactions. The entries describe the CEO’s current common share position, outstanding employee stock options, and restricted share units as of the filing, along with their vesting and expiration terms.

How are the BORR CEO’s employee stock options structured in this disclosure?

The options come from grants dated August 12, 2021, September 1, 2022, August 15, 2024, and November 17, 2023. Each grant vests in one-third increments on future dates, with strike prices set as of the filing date and specified expiration years through 2029.