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

Rhea-AI Filing Summary

Borr Drilling Ltd senior vice president – commercial Jason Philip Crowe has filed an initial ownership report on Form 3. The filing shows no directly held common shares, but several employee stock options to purchase common shares with exercise prices of 6.3100 and 6.5400, expiring between 2028 and 2029. Footnotes also describe restricted stock units of 41,237, 41,236 and 41,237 that vest on September 1 of 2026, 2027 and 2028 if he remains continuously employed.

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^*

Crowe Jason Philip

(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)
	SVP - Commercial

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

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	03/01/2025(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	08/15/2025(5)	08/15/2029	Common Shares	33,333	$6.54	D
Employee Stock Option to Purchase Common Shares	08/15/2026(5)	08/15/2029	Common Shares	33,333	$6.54	D
Employee Stock Option to Purchase Common Shares	08/15/2027(5)	08/15/2029	Common Shares	33,334	$6.54	D

Explanation of Responses:

1. 41,237 RSUs that vest on September 1, 2026 and are conditional on the grantee remaining in continuous employment with the Company

2. 41,236 RSUs that vest on September 1, 2027 and are conditional on the grantee remaining in continuous employment with the Company

3. 41,237 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 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 August 15, 2024 - options 1/3 vest every August 15 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)