Tax-withholding share disposition by Valaris (NYSE: VAL) senior VP

Rhea-AI Filing Summary

Valaris Ltd senior vice president and general counsel Davor Vukadin reported an automatic share disposition related to taxes. On settlement or vesting of equity awards on March 3, 2026, 690 common shares were withheld at $90.63 per share to cover tax withholding obligations. After this tax-withholding disposition, Vukadin directly owned 19,995 common shares. According to the disclosure, the company will remit the related cash amount to the taxing authorities.

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

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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^*

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)
03/03/2026

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	03/03/2026		F		690(1)	D	$90.63	19,995	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	03/05/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transaction did VAL executive Davor Vukadin report?

Davor Vukadin reported a tax-related share disposition. On settlement or vesting of equity awards, 690 Valaris common shares were withheld to satisfy his tax withholding obligations, rather than being sold in the open market, and the issuer will pay the taxes in cash.

How many Valaris (VAL) shares were involved in the tax withholding?

A total of 690 Valaris common shares were withheld. These shares were retained upon settlement or vesting of equity awards at a reported price of $90.63 per share, specifically to cover tax withholding obligations arising from the equity award event.

What is Davor Vukadin’s Valaris share ownership after this Form 4?

After the transaction, Vukadin directly owned 19,995 Valaris shares. This figure reflects his remaining direct holdings following the 690-share tax-withholding disposition tied to the settlement or vesting of company equity awards on March 3, 2026.

Was the Valaris (VAL) insider transaction an open-market sale?

No, the transaction was a tax-withholding disposition, not an open-market sale. The shares were withheld upon settlement or vesting of equity awards to cover tax obligations, and Valaris will remit the corresponding cash taxes to the appropriate authority.

Who benefits from the withheld Valaris (VAL) shares in this tax transaction?

The withheld shares satisfy the insider’s tax obligations. Valaris retains 690 shares and pays the equivalent tax amount in cash to taxing authorities, allowing the executive to cover taxes arising from equity award settlement without making a separate cash payment.