Valaris (VAL) CEO Form 4 shows 2,741 shares withheld for tax obligations

Rhea-AI Filing Summary

Valaris Ltd. disclosed an insider equity transaction involving its President & CEO, who is also a director. On 12/31/2025, 2,741 common shares were withheld in a transaction coded "F," which indicates shares were surrendered to cover taxes due at vesting. The shares were valued at $50.4 per share for this purpose.

After this tax withholding event, the reporting person beneficially owns 245,381 common shares, held directly. The filing notes that the issuer will pay the related tax withholding amount in cash to the appropriate taxing authority, reflecting an administrative adjustment rather than an open-market sale.

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^*

Dibowitz Anton

(Last) (First) (Middle)

C/O CLARENDON HOUSE

2 CHURCH STREET

(Street)

HAMILTON D0 HM 11

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025

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	12/31/2025		F		2,741(1)	D	$50.4	245,381	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 vesting to enable the reporting person to satisfy tax withholding obligations that arose upon such vesting, which will be paid by the issuer to the appropriate taxing authority in cash.

Remarks:

	/s/ Andrew Campbell, by power-of-attorney	01/02/2026
	** 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.
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FAQ

What insider transaction did Valaris (VAL) report in this Form 4 filing?

The filing reports that on 12/31/2025, the President & CEO of Valaris Ltd., who is also a director, had 2,741 common shares withheld in a transaction coded "F" to cover tax obligations arising from a vesting event.

How many Valaris (VAL) shares were withheld for taxes and at what value?

The insider had 2,741 common shares withheld upon vesting, with the shares valued at $50.4 per share for tax withholding purposes.

How many Valaris (VAL) shares does the insider own after this Form 4 transaction?

Following the tax withholding transaction, the reporting person beneficially owns 245,381 common shares of Valaris Ltd., held directly.

Was the Valaris (VAL) Form 4 transaction an open-market sale by the insider?

No. The explanation states that the 2,741 shares were withheld upon vesting to satisfy tax withholding obligations, with the issuer paying the tax amount in cash to the taxing authority, rather than the insider selling shares in the market.

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

The transaction is coded "F", which in this context is described as shares being withheld upon vesting so the reporting person can satisfy tax withholding obligations, with the issuer remitting cash to the tax authority.

What roles does the reporting person hold at Valaris (VAL)?

The reporting person is identified as both a Director and an Officer, serving as President & CEO of Valaris Ltd.