Valaris (VAL) Form 4: 35,000-share disposal by SVP-COO at ~$48.84

Rhea-AI Filing Summary

Valaris Ltd. reporting person Luca Gilles, Senior Vice President and Chief Operating Officer, disposed of 35,000 common shares on 09/03/2025 at a weighted-average price of $48.84 per share (actual sale prices ranged from $48.69 to $49.44). After the sale, the reporting person beneficially owned 81,269 common shares. The Form 4 was signed by Andrew Campbell by power-of-attorney on 09/05/2025. The filer indicates the reported sale is a non-derivative transaction and provides a footnote that the price shown is a weighted average with a price range.

Positive

• Timely, complete disclosure of the insider sale on Form 4 with post-transaction beneficial ownership reported
• Price transparency provided via weighted-average price and explicit range ($48.69 to $49.44)

Negative

• No disclosure in this Form 4 of a 10b5-1 plan or stated reason for the sale, leaving motives unspecified
• Insider reduced holdings by 35,000 shares, which may be viewed negatively by some investors

Insights

Securities Analyst

TL;DR: Officer sold a meaningful block of shares, reducing holdings to 81,269 shares; sale shows execution across a narrow price range.

The 35,000-share sale by the COO is a clear, disclosed non-derivative disposition executed at a weighted-average price of $48.84 with individual trade prices spanning $48.69 to $49.44. For investors monitoring insider activity, the transaction is relevant because it reduces an insider's direct ownership by a measurable amount and is fully reported on Form 4. The filing contains no information about the purpose of the sale, any 10b5-1 plan designation, or other linked transactions, so interpretation should be limited to the observable facts disclosed.

Corporate Governance Expert

TL;DR: Proper Form 4 disclosure filed; signature executed by POA; no governance issues explicitly stated.

The filing complies with Section 16 reporting by disclosing the non-derivative sale, the post-transaction beneficial ownership, and a price range footnote. The signature was executed by an attorney-in-fact, which is permissible when documented. There is no disclosure in this Form 4 of any rule 10b5-1 plan or other written plan; absence of such a designation is a factual gap in this filing and should not be presumed. Material governance concerns are not evident from the document alone.

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
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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^*

Luca Gilles

(Last) (First) (Middle)

C/O 5847 SAN FELIPE

SUITE 3300

(Street)

HOUSTON TX 77057

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Valaris Ltd [ VAL ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
09/03/2025

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

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 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	09/03/2025		S		35,000	D	$48.84(1)	81,269	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. The price in column 4 is a weighted average. The prices actually received ranged from $48.69 to $49.44. The issuer undertakes to provide upon request by the SEC staff, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Remarks:

	/s/ Andrew Campbell, by power-of-attorney	09/05/2025
	** 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.

FAQ

What did Luca Gilles (VAL) report on Form 4?

The filing reports a sale of 35,000 common shares on 09/03/2025 at a weighted-average price of $48.84, leaving 81,269 shares beneficially owned.

At what prices were the shares sold in the VAL insider transaction?

The Form 4 states a weighted-average price of $48.84 and a price range of $48.69 to $49.44 for the reported sale.

Does the Form 4 indicate a 10b5-1 trading plan for the sale?

No. The Form 4 does not indicate that the transaction was made pursuant to a 10b5-1 plan or provide any reason for the sale.

Who signed the Form 4 for Luca Gilles?

The Form 4 was signed on behalf of the reporting person by Andrew Campbell by power-of-attorney on 09/05/2025.

How many shares did Luca Gilles own after the reported sale?

After the sale, the reporting person beneficially owned 81,269 common shares.