Valaris (VAL) SVP-COO Luca Gilles has 830 shares withheld to cover taxes

Rhea-AI Filing Summary

Valaris Ltd SVP and COO Luca Gilles reported a tax-related share disposition. On settlement or vesting of equity awards on March 5, 2026, 830 common shares were withheld at $90.59 per share to cover tax withholding obligations.

These shares were not sold in the open market; they were withheld by Valaris Ltd, which will remit the related taxes in cash to the appropriate taxing authority. After this tax-withholding disposition, Gilles directly holds 83,222 common shares of Valaris.

Insider Trade Summary

Net Seller: 830 shares

Net Sell 1 txn

Insider Luca Gilles

Role SVP - COO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Shares	830	$90.59	$75K

Holdings After Transaction: Common Shares — 83,222 shares (Direct)

Footnotes (1)

1. F1. These shares were withheld upon settlement or vesting to enable the reporting person to satisfy tax withholding obligations that arose upon such settlement or vesting, which will be paid by the issuer to the appropriate taxing authority in cash.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 03/09/2026 - 05:15 PM Learn about SEC filing dates

FAQ

What insider transaction did Valaris (VAL) SVP-COO Luca Gilles report?

Valaris SVP-COO Luca Gilles reported a tax-related disposition of 830 common shares. The shares were withheld upon settlement or vesting of equity awards to satisfy tax withholding obligations, rather than sold in the open market, and taxes will be paid in cash by Valaris.

How many Valaris (VAL) shares were withheld for taxes in Luca Gilles' Form 4?

The filing shows that 830 Valaris common shares were withheld to cover tax obligations. These shares were taken upon settlement or vesting of awards, at a price of $90.59 per share, with Valaris paying the corresponding tax amounts in cash to tax authorities.

Does the Valaris (VAL) Form 4 show an open-market sale by Luca Gilles?

The Form 4 does not show an open-market sale. It records a tax-withholding disposition coded “F,” where 830 shares were withheld upon settlement or vesting of equity awards so that Valaris can satisfy Gilles’ tax obligations by paying the taxing authority in cash.

How many Valaris (VAL) shares does Luca Gilles own after this Form 4 transaction?

After the reported tax-withholding disposition, Luca Gilles directly owns 83,222 Valaris common shares. This total reflects his holdings following the withholding of 830 shares to cover tax obligations that arose when his equity awards settled or vested.

What does transaction code "F" mean in the Valaris (VAL) Form 4 for Luca Gilles?

Transaction code “F” indicates payment of an exercise price or tax liability by delivering securities. In this case, 830 Valaris shares were withheld upon equity award settlement or vesting so the company can meet Luca Gilles’ tax withholding obligations in cash.

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^*

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)
03/05/2026

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	03/05/2026		F		830(1)	D	$90.59	83,222	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. These shares were withheld upon settlement or vesting to enable the reporting person to satisfy tax withholding obligations that arose upon such settlement or vesting, which will be paid by the issuer to the appropriate taxing authority in cash.

Remarks:

	/s/ Andrew Campbell, by power-of-attorney	03/09/2026
	** 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.