Borr Drilling (NYSE: BORR) CAO discloses stock options and RSU awards

Rhea-AI Filing Summary

Borr Drilling Ltd Chief Accounting Officer Jehan Mawjee filed an initial statement of beneficial ownership, detailing holdings of employee stock options to purchase common shares at exercise prices between 1.6600 and 6.5400 per share, with expirations ranging from 2026 to 2029. The filing also notes restricted stock units that are scheduled to vest between September 1, 2026 and September 1, 2028, subject to continued employment, while direct common share holdings are reported as zero.

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)

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	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	41,666	$6.54	D
Employee Stock Option to Purchase Common Shares	08/15/2026(5)	08/15/2029	Common Shares	41,667	$6.54	D
Employee Stock Option to Purchase Common Shares	08/15/2027(5)	08/15/2029	Common Shares	41,667	$6.54	D
Employee Stock Option to Purchase Common Shares	03/01/2024(6)	09/01/2027	Common Shares	43,334	$3.66	D
Employee Stock Option to Purchase Common Shares	03/01/2025(6)	09/01/2027	Common Shares	43,333	$4.41	D
Employee Stock Option to Purchase Common Shares	03/01/2026(6)	09/01/2027	Common Shares	43,333	$5.16	D
Employee Stock Option to Purchase Common Shares	08/12/2024(7)	08/12/2026	Common Shares	33,334	$1.66	D
Employee Stock Option to Purchase Common Shares	08/12/2025(7)	08/12/2026	Common Shares	66,666	$1.66	D

Explanation of Responses:

1. 22,910 RSUs that vest on September 1, 2026 and are conditional on the grantee remaining in continuous employment with the Company

2. 22,909 RSUs that vest on September 1, 2027 and are conditional on the grantee remaining in continuous employment with the Company

3. 22,910 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

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 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	03/18/2026
	** 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 the BORR Form 3 filing by Jehan Mawjee show?

The Form 3 shows initial beneficial ownership for Chief Accounting Officer Jehan Mawjee, listing multiple employee stock options and restricted stock units in Borr Drilling Ltd that vest over several years, while direct common share holdings are reported as zero.

What types of securities does Jehan Mawjee hold in Borr Drilling (BORR)?

Jehan Mawjee holds employee stock options to purchase Borr Drilling common shares and restricted stock units that vest over time. The options have various exercise prices and expiration dates, and the RSUs vest on specific future dates subject to continued employment.

Are there any buy or sell transactions in the BORR Form 3 for Jehan Mawjee?

No buy or sell transactions are reported. The Form 3 lists holding entries only, describing existing employee stock options and restricted stock units, without any open-market purchases, sales, exercises, or other transactions indicated in the summary data.

What are the exercise prices and expirations of the Borr Drilling options reported?

The employee stock options have exercise prices ranging from 1.6600 to 6.5400 per share, with expiration dates between 2026 and 2029. Each option series is tied to underlying common shares and specific vesting schedules described in the footnotes.

When do the restricted stock units in the BORR Form 3 vest?

The restricted stock units vest on September 1, 2026, September 1, 2027, and September 1, 2028. Vesting is conditional on the grantee remaining in continuous employment with Borr Drilling Ltd through each respective vesting date.

What do the option grant footnotes in the Borr Drilling Form 3 describe?

The footnotes describe option grants made on several dates, including August 12, 2021, September 1, 2022, November 17, 2023, and August 15, 2024. Each grant vests in one-third installments over future years, with strike prices set as of the filing date.