Valaris (VAL) SVP & General Counsel has shares withheld to cover tax obligations

Rhea-AI Filing Summary

Valaris Ltd senior vice president and general counsel Davor Vukadin reported a tax-related share disposition. On settlement or vesting of equity awards, 479 common shares were withheld at $90.59 per share to cover withholding taxes, with cash paid by the issuer to tax authorities. After this transaction, Vukadin directly owned 19,516 common shares.

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^*

Vukadin Davor

(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 & General Counsel

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		479(1)	D	$90.59	19,516	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.

FAQ

What did Valaris (VAL) executive Davor Vukadin report on this Form 4?

Davor Vukadin reported a tax-withholding disposition of shares tied to equity award settlement or vesting. The company withheld 479 common shares and will remit cash equal to their value to the tax authorities on his behalf.

How many Valaris (VAL) shares were withheld for taxes in this transaction?

A total of 479 Valaris common shares were withheld to satisfy tax obligations arising from settlement or vesting of equity awards. The withholding price was $90.59 per share, and the issuer will pay the related cash amount to the taxing authority.

Was the Valaris (VAL) Form 4 transaction an open-market sale of shares?

No, this Form 4 reflects a tax-withholding disposition, not an open-market sale. Shares were withheld upon settlement or vesting of equity awards so the issuer can pay Vukadin’s tax liability in cash to the appropriate taxing authority.

How many Valaris (VAL) shares does Davor Vukadin own after the reported transaction?

Following the tax-withholding disposition, Davor Vukadin directly owns 19,516 Valaris common shares. This figure reflects his direct holdings after 479 shares were withheld to cover tax obligations tied to equity award settlement or vesting.

What does transaction code F mean in the Valaris (VAL) Form 4?

Transaction code F indicates payment of an exercise price or tax liability by delivering or withholding securities. In this case, Valaris common shares were withheld upon settlement or vesting so the issuer can pay Davor Vukadin’s tax withholding obligations in cash.