Valaris SVP Lyne withholds 991 shares for taxes

Valaris Ltd senior vice president and chief commercial officer Matthew Lyne reported a Form 4 transaction involving company Common Shares.

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

Rhea-AI Filing Summary

Valaris Ltd senior vice president and chief commercial officer Matthew Lyne reported a Form 4 transaction involving company Common Shares. On the reported date, 991 shares were disposed of in a code F transaction, where shares are withheld to cover tax liabilities arising from equity vesting.

The shares were withheld upon settlement or vesting, and the related tax obligations will be paid in cash by the issuer to the taxing authority. After this tax-withholding disposition, Lyne directly owned 33,333 common shares of Valaris Ltd.

Insider Trade Summary

Exercise Price or Tax Liability: 991 shares

Exercise Price or Tax Liability 1 txn

Insider Lyne Matthew

Role SVP - CCO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Shares	991	$90.59	$90K

Holdings After Transaction: Common Shares — 33,333 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Valaris (VAL) report for Matthew Lyne?

Valaris reported that SVP and CCO Matthew Lyne had 991 common shares withheld in a Form 4 code F transaction. These shares were used to satisfy tax withholding obligations triggered when equity awards settled or vested.

How many Valaris (VAL) shares were involved in Matthew Lyne’s Form 4 filing?

The Form 4 shows 991 Valaris common shares were disposed of in a tax-withholding transaction. These shares were withheld upon settlement or vesting of equity awards to cover Lyne’s tax obligations, rather than sold in an open market transaction.

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

In this Form 4, transaction code F indicates a payment of tax liability by delivering securities. Specifically, 991 Valaris common shares were withheld upon settlement or vesting of awards so the issuer could satisfy Lyne’s tax obligations in cash to taxing authorities.

Did Matthew Lyne sell Valaris (VAL) shares on the open market in this Form 4?

The Form 4 describes a tax-withholding disposition, not an open market sale. 991 shares were withheld upon settlement or vesting to cover tax obligations, and the issuer will pay the related taxes in cash to the appropriate taxing authority.

How many Valaris (VAL) shares does Matthew Lyne own after this tax-withholding event?

After the reported tax-withholding disposition, Matthew Lyne directly owned 33,333 Valaris common shares. This figure reflects his direct holdings following the withholding of 991 shares to satisfy tax obligations arising from equity award settlement or vesting.

Who is the insider involved in this Valaris (VAL) Form 4 filing and what is his role?

The insider is Matthew Lyne, who serves as senior vice president and chief commercial officer of Valaris Ltd. He reported a code F tax-withholding disposition where 991 common shares were withheld upon equity vesting to cover his tax liabilities.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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^*

Lyne Matthew

(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 - CCO

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		991(1)	D	$90.59	33,333	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, 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.