Borr Drilling director buys 200K shares at $4.3731

Borr Drilling Ltd (BORR) had a Form 4 filed for director Tor Olav Troim.

Rhea-AI Filing Summary

Borr Drilling Ltd (BORR) had a Form 4 filed for director Tor Olav Troim. An entity associated with him, Drew Holdings Ltd., purchased 200,000 common shares on August 25, 2026 at $4.3731 per share, held indirectly through a non-discretionary trust where he is the beneficiary. Following this, indirect holdings total 29,385,941 shares. He also holds 81,867 shares directly, including 54,545 restricted stock units that vest in full on September 30, 2026 if he continues to serve as a director.

Insider Trade Summary

Net Buyer: 200,000 shares

Net Buy 2 txns

Insider Troim Tor Olav

Role Director

Bought 200,000 shs ($875K)

Type	Security	Shares	Price	Value
Purchase	Common Shares F1	200,000	$4.3731	$875K
holding	Common Shares F2	--	--	--

Holdings After Transaction: Common Shares — 29,385,941 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: 200,000 common shares Purchase price per share: $4.3731 per share Indirect holdings after transaction: 29,385,941 common shares +3 more

6 metrics

Shares purchased 200,000 common shares Purchase on August 25, 2026 by Drew Holdings Ltd.

Purchase price per share $4.3731 per share Price for 200,000-share purchase on August 25, 2026

Indirect holdings after transaction 29,385,941 common shares Indirect ownership through Drew Holdings Ltd.

Direct holdings after transaction 81,867 common shares Direct ownership position reported as of August 24, 2026

Restricted stock units (RSUs) 54,545 RSUs Included in direct holdings; vest on September 30, 2026

RSU vesting date September 30, 2026 Vesting of 54,545 RSUs conditional on continuing as director

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) 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.

non-discretionary trust financial

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

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.

What insider transaction did BORR director Tor Olav Troim report on this Form 4?

He reported that Drew Holdings Ltd., an entity associated with him, purchased 200,000 Borr Drilling common shares on August 25, 2026. The shares are held indirectly through Drew Holdings Ltd., which is wholly owned by a non-discretionary trust where he is the beneficiary.

At what price were the newly purchased BORR shares acquired by the entity linked to Tor Olav Troim?

The 200,000 Borr Drilling common shares were purchased at $4.3731 per share. The transaction is coded as a purchase in the open market or a private transaction, and the price is reported on a per-share basis for this trade.

How many BORR shares does Tor Olav Troim own indirectly after this transaction?

After the reported purchase, entities associated with Tor Olav Troim own 29,385,941 Borr Drilling common shares indirectly. These indirect holdings are reported as being held through Drew Holdings Ltd., which is wholly owned by a non-discretionary trust benefiting him.

What are Tor Olav Troim’s direct share and RSU holdings in BORR after this Form 4?

He directly holds 81,867 Borr Drilling common shares, which include 54,545 restricted stock units (RSUs). Each RSU represents a contingent right to receive one common share, and these RSUs vest in full on September 30, 2026 if he continues serving as a director.

When do Tor Olav Troim’s BORR restricted stock units vest and under what condition?

The 54,545 restricted stock units vest in full on September 30, 2026, conditional upon Tor Olav Troim continuing to serve as a director of Borr Drilling Ltd. on the vesting date. Each vested RSU will convert into one common share.

Was Tor Olav Troim’s BORR share purchase reported as under a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5-1 checkbox is not marked as affirming a trading plan, and there is no footnote indicating that the 200,000-share purchase was made pursuant to a Rule 10b5-1 or similar pre-arranged trading arrangement.

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

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Available on EDGAR 08/25/2026 - 07:07 AM EDT Accepted by SEC EDGAR 08/25/2026 - 07:06 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)
08/24/2026

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	08/25/2026	08/24/2026	P	V	200,000	A	$4.3731	29,385,941	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	08/25/2026
	** 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)