Borr Drilling director buys 1.06M shares

Borr Drilling Ltd director Tor Olav Trøim reported a large insider purchase through an affiliated entity.

Rhea-AI Filing Summary

Borr Drilling Ltd director Tor Olav Trøim reported a large insider purchase through an affiliated entity. On June 9, 2026, Drew Holdings Ltd., which is wholly owned by Drew Trust where he is the beneficiary, bought 1,063,000 common shares in an open-market transaction at $4.70 per share.

After this trade, Drew Holdings Ltd. held 27,185,941 common shares indirectly for his benefit. Separately, he held 81,867 common shares directly, including 54,545 restricted stock units that are scheduled to vest in full on September 30, 2026, subject to his continued service as a director.

Insider Trade Summary

Net Buyer: 1,063,000 shares

Net Buy 2 txns

Insider Troim Tor Olav

Role Director

Bought 1,063,000 shs ($5.00M)

Type	Security	Shares	Price	Value
Purchase	Common Shares	1,063,000	$4.70	$5.00M
holding	Common Shares	--	--	--

Holdings After Transaction: Common Shares — 27,185,941 shares (Indirect, By Drew Holdings Ltd.); Common Shares — 81,867 shares (Direct)

Footnotes (2)

1. F1. Drew Holdings Ltd. is wholly owned by Drew Trust, a non-discretionary trust in which the reporting person is the beneficiary.
2. F2. Includes 54,545 restricted stock units (RSUs) that vest in full on September 30, 2026 conditional upon continuing to serve as a Director of the Issuer at the date of vesting. Each RSU represents a contingent right to receive one common share.

Key Figures

Insider purchase size: 1,063,000 shares Purchase price: $4.70 per share Indirect holdings after trade: 27,185,941 shares +2 more

5 metrics

Insider purchase size 1,063,000 shares Open-market purchase on June 9, 2026

Purchase price $4.70 per share Price for 1,063,000 common shares

Indirect holdings after trade 27,185,941 shares Common shares held by Drew Holdings Ltd.

Direct holdings after trade 81,867 shares Common shares held directly by Tor Olav Trøim

RSUs outstanding 54,545 RSUs Vest on September 30, 2026 if service continues

Key Terms

restricted stock units (RSUs), non-discretionary trust, open-market purchase

3 terms

restricted stock units (RSUs) financial

"Includes 54,545 restricted stock units (RSUs) that vest in full on September 30, 2026"

Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.

non-discretionary trust financial

"Drew Holdings Ltd. is wholly owned by Drew Trust, a non-discretionary trust"

open-market purchase financial

"transaction_action: open-market purchase for 1,063,000 common shares"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Borr Drilling (BORR) report for Tor Olav Trøim?

Borr Drilling reported that an entity associated with director Tor Olav Trøim, Drew Holdings Ltd., purchased 1,063,000 common shares on June 9, 2026. The shares were acquired in an open-market transaction at $4.70 per share.

At what price were the new Borr Drilling (BORR) shares bought in this Form 4?

The associated entity purchased Borr Drilling common shares at $4.70 per share. This price applies to the entire 1,063,000-share open-market transaction reported for June 9, 2026 on the Form 4 filing.

How many Borr Drilling (BORR) shares does Drew Holdings Ltd. own after the trade?

After the reported transaction, Drew Holdings Ltd. held 27,185,941 Borr Drilling common shares. The Form 4 notes that Drew Holdings is wholly owned by Drew Trust, a non-discretionary trust in which Tor Olav Trøim is the beneficiary.

What are Tor Olav Trøim’s direct Borr Drilling (BORR) holdings after this Form 4?

Following the filing, Tor Olav Trøim directly held 81,867 Borr Drilling common shares. This direct position includes 54,545 restricted stock units that represent a contingent right to receive one common share per unit upon vesting.

When do Tor Olav Trøim’s Borr Drilling (BORR) RSUs vest?

The Form 4 states that 54,545 restricted stock units vest in full on September 30, 2026, provided he continues to serve as a director on the vesting date. Each RSU converts into one Borr Drilling common share upon vesting.

How is ownership of the Borr Drilling (BORR) shares structured in this Form 4?

The purchased shares are held indirectly through Drew Holdings Ltd., which is wholly owned by Drew Trust, a non-discretionary trust where Tor Olav Trøim is the beneficiary. He also holds additional common shares and RSUs directly in his own name.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/10/2026 - 08:13 AM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Troim Tor Olav

(Last) (First) (Middle)

C/O BORR DRILLING LIMITED

2ND FLOOR 9 PAR-LA-VILLE ROAD

(Street)

HAMILTON D0 HM11

(City) (State) (Zip)

BERMUDA

(Country)

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

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

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

2a. Foreign Trading Symbol
[BORR]

3. Date of Earliest Transaction (Month/Day/Year)
06/09/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	06/09/2026	06/10/2026	P		1,063,000	A	$4.7	27,185,941	I	By Drew Holdings Ltd.(1)
Common Shares								81,867(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Drew Holdings Ltd. is wholly owned by Drew Trust, a non-discretionary trust in which the reporting person is the beneficiary.

2. Includes 54,545 restricted stock units (RSUs) that vest in full on September 30, 2026 conditional upon continuing to serve as a Director of the Issuer at the date of vesting. Each RSU represents a contingent right to receive one common share.

Remarks:

	/s/ Temi Bankole as attorney-in-fact	06/10/2026
	** 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 4 (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 4: SEC 1474 (03-26)