Borr Drilling director-linked trust buys 500K shares

Borr Drilling Ltd director Tor Olav Troim reported an indirect open-market purchase of 500,000 common shares of Borr Drilling at an average price of $5.5818 per share on April 16, 2026.

Rhea-AI Filing Summary

Borr Drilling Ltd director Tor Olav Troim reported an indirect open-market purchase of 500,000 common shares of Borr Drilling at an average price of $5.5818 per share on April 16, 2026. The shares were acquired by Drew Holdings Ltd., which is wholly owned by Drew Trust, a non-discretionary trust in which Troim is the beneficiary.

After this transaction, Troim’s indirect holdings totaled 26,122,941 common shares, and his direct holdings were 81,867 common shares. The direct position includes 54,545 restricted stock units (RSUs) that vest in full on September 30, 2026, conditional on his continued service as a director.

Insider Trade Summary

Net Buyer: 500,000 shares

Net Buy 2 txns

Insider Troim Tor Olav

Role Director

Bought 500,000 shs ($2.79M)

Type	Security	Shares	Price	Value
Purchase	Common Shares	500,000	$5.5818	$2.79M
holding	Common Shares	--	--	--

Holdings After Transaction: Common Shares — 26,122,941 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

Shares purchased: 500,000 shares Purchase price: $5.5818 per share Indirect holdings after trade: 26,122,941 shares +2 more

5 metrics

Shares purchased 500,000 shares Open-market purchase on April 16, 2026

Purchase price $5.5818 per share Average price for 500,000 common shares

Indirect holdings after trade 26,122,941 shares Common shares held indirectly via Drew Holdings Ltd.

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

Restricted stock units 54,545 RSUs Vest in full on September 30, 2026, if service continues

Key Terms

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

4 terms

open-market purchase financial

"transaction_action: "open-market purchase""

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.

non-discretionary trust financial

"Drew Trust, a non-discretionary trust in which the reporting person is the beneficiary"

restricted stock units (RSUs) financial

"Includes 54,545 restricted stock units (RSUs) that vest in full"

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.

indirect ownership financial

"ownership_type: "indirect" and nature_of_ownership: "By Drew Holdings Ltd.""

FAQ

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

What insider transaction did Borr Drilling (BORR) disclose for Tor Olav Troim?

Borr Drilling disclosed that director Tor Olav Troim, through Drew Holdings Ltd., indirectly bought 500,000 common shares in an open-market transaction at an average price of $5.5818 per share on April 16, 2026, increasing his reported indirect ownership stake.

How many Borr Drilling (BORR) shares does Tor Olav Troim hold after this Form 4?

Following the reported trade, Tor Olav Troim holds 26,122,941 Borr Drilling common shares indirectly through Drew Holdings Ltd. and 81,867 common shares directly. The direct holdings figure includes restricted stock units that are scheduled to vest if service conditions are satisfied.

Who actually purchased the 500,000 Borr Drilling (BORR) shares reported for Tor Olav Troim?

The 500,000 Borr Drilling common shares were purchased by Drew Holdings Ltd., which is wholly owned by Drew Trust. The trust is a non-discretionary vehicle where Troim is the beneficiary, so the transaction is reported as his indirect ownership on the Form 4.

At what price were the new Borr Drilling (BORR) shares acquired in this insider trade?

The newly acquired Borr Drilling shares were bought at an average price of $5.5818 per share. This price reflects the weighted average for the 500,000 common shares purchased in the open-market transaction reported on April 16, 2026 by the entity associated with Troim.

What restricted stock units (RSUs) position does Tor Olav Troim have in Borr Drilling (BORR)?

Troim’s reported direct holdings include 54,545 restricted stock units that each represent a contingent right to receive one Borr Drilling common share. These RSUs vest in full on September 30, 2026, if he continues serving as a director through the vesting date.

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

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Accepted by SEC EDGAR 04/17/2026 - 09:35 AM EDT 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)
04/16/2026

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	04/16/2026	04/16/2026	P	V	500,000	A	$5.5818	26,122,941	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	04/17/2026
	** 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 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)