Borr Drilling: Drew Holdings buys 1.5M shares

The director's direct-holding entry included 54,545 RSUs conditioned on continued service on September 30, 2026.

Rhea-AI Filing Summary

Borr Drilling Ltd director Tor Olav Troim reported that Drew Holdings Ltd purchased 1,500,000 common shares on October 5, 2026, at $4.1314 per share; no Rule 10b5-1 plan is reported. After the purchase, indirect holdings were 32,035,941 common shares. The separate direct-holding entry was 81,867 common shares, including 54,545 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.

Insider Trade Summary

Net Buyer: 1,500,000 shares

Net Buy 2 txns

Insider Troim Tor Olav

Role Director

Bought 1,500,000 shs ($6.20M)

Type	Security	Shares	Price	Value
Purchase	Common Shares F1	1,500,000	$4.1314	$6.20M
holding	Common Shares F2	--	--	--

Holdings After Transaction: Common Shares — 32,035,941 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

Common shares purchased: 1,500,000 common shares Purchase price: $4.1314 per share Indirect holdings after purchase: 32,035,941 common shares +2 more

5 metrics

Common shares purchased 1,500,000 common shares October 5, 2026; purchased by Drew Holdings Ltd

Purchase price $4.1314 per share Drew Holdings Ltd purchase on October 5, 2026

Indirect holdings after purchase 32,035,941 common shares After the October 5, 2026 purchase

Direct holdings 81,867 common shares Reported after the October 5, 2026 transaction

Restricted stock units 54,545 RSUs Vest in full on September 30, 2026, conditional upon continued service as a director on the vesting date

Key Terms

restricted stock units (RSUs), non-discretionary trust, contingent right

3 terms

restricted stock units (RSUs) financial

"Includes 54,545 restricted stock units (RSUs)"

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

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

contingent right financial

"Each RSU represents a contingent right to receive one common share"

FAQ

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

How many BORR shares did Drew Holdings buy, and at what price?

Drew Holdings Ltd purchased 1,500,000 common shares on October 5, 2026, at $4.1314 per share. Tor Olav Troim reported the purchase as an indirect holding, and no Rule 10b5-1 plan is reported.

What were Tor Olav Troim's BORR holdings after the October 5, 2026 purchase?

After the purchase, indirect holdings were 32,035,941 common shares. The separate direct-holding entry was 81,867 common shares, including 54,545 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.

Who owns Drew Holdings Ltd in Tor Olav Troim's BORR report?

Drew Holdings Ltd is wholly owned by Drew Trust, a non-discretionary trust in which Tor Olav Troim is the beneficiary.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 10/06/2026 - 07:30 AM Accepted by SEC EDGAR 10/06/2026 - 07:29 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)
10/05/2026

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	10/05/2026	10/06/2026	P	V	1,500,000	A	$4.1314	32,035,941	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	10/06/2026
	** 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)