Oak Hill Advisors (VAL) discloses 3.0M-share Valaris stake at 4.38%

Rhea-AI Filing Summary

Oak Hill Advisors, a Delaware investment adviser, reports beneficial ownership of 3,038,600 Valaris Ltd common shares, representing 4.38% of the class. The firm has shared voting and dispositive power over these shares and no sole voting or dispositive power.

The ownership percentage is calculated using 69,435,807 Valaris shares outstanding as of July 30, 2026, as disclosed in the company’s Form 10-Q for the quarter ended June 30, 2026. All reportable trades in the prior 60 days occurred in the open market. A Valaris director, Mr. Goldschmid, received a grant of 2,188 RSUs on June 10, 2026, which are deemed held for the benefit of certain Oak Hill Advisors clients, with no voting or investment control retained by him.

Filing Explained

The amendment adds that the 2,188 RSUs granted to director Mr. Goldschmid on June 10, 2026 will vest in full on the earlier of the grant’s first anniversary or Valaris’s next annual shareholder meeting; he has no voting or investment control over them.

Key Figures

Shares beneficially owned: 3,038,600 shares Ownership percentage: 4.38% Shares outstanding: 69,435,807 shares +4 more

7 metrics

Shares beneficially owned 3,038,600 shares Valaris common shares beneficially owned by Oak Hill Advisors

Ownership percentage 4.38% Portion of Valaris common shares represented by Oak Hill Advisors’ holdings

Shares outstanding 69,435,807 shares Valaris common shares outstanding as of July 30, 2026, per Form 10-Q

Shared voting power 3,038,600 shares Shares over which Oak Hill Advisors has shared voting authority

Shared dispositive power 3,038,600 shares Shares over which Oak Hill Advisors has shared power to dispose

RSUs granted to director 2,188 RSUs Grant to Mr. Goldschmid on June 10, 2026, for service as director

Item 5(e) date August 10, 2026 Date listed in Item 5(e) of the Schedule 13D amendment

Key Terms

beneficially owned, shared voting power, shared dispositive power, Restricted Stock Units, +1 more

5 terms

beneficially owned financial

"aggregate number of Shares and percentages of the Shares beneficially owned by the Reporting Person"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

shared voting power financial

"Shared Voting Power 3,038,600.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

shared dispositive power financial

"Shared Dispositive Power 3,038,600.00"

Restricted Stock Units financial

"Mr. Goldschmid received a grant of 2,188 RSUs in consideration for his services"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Schedule 13D regulatory

"constitutes Amendment No. 4 to the filed with the Securities and Exchange Commission"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

FAQ

What percentage of Valaris (VAL) shares does Oak Hill Advisors report owning?

Oak Hill Advisors reports beneficial ownership of 4.38% of Valaris Ltd’s common shares, corresponding to 3,038,600 shares. This percentage is based on 69,435,807 shares outstanding as of July 30, 2026, as disclosed in Valaris’s Form 10-Q.

How many Valaris (VAL) shares does Oak Hill Advisors control voting and dispositive power over?

Oak Hill Advisors reports 3,038,600 Valaris shares with shared voting and shared dispositive power. It reports 0 shares with sole voting power and 0 shares with sole dispositive power, reflecting a jointly controlled position.

What share count did Valaris (VAL) report outstanding for calculating Oak Hill Advisors’ 4.38%?

The 4.38% ownership is calculated using 69,435,807 Valaris common shares outstanding as of July 30, 2026. This outstanding share figure comes from Valaris’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2026.

What recent equity award related to Valaris (VAL) is disclosed for Mr. Goldschmid?

On June 10, 2026, Mr. Goldschmid received a grant of 2,188 RSUs for his service as a Valaris director. These RSUs vest on the earlier of the first anniversary of grant or the next annual shareholder meeting and are deemed held for certain Oak Hill Advisors clients.

Does Mr. Goldschmid control the Valaris (VAL) RSUs mentioned in the filing?

According to the disclosure, Mr. Goldschmid is deemed to hold the 2,188 RSUs for the benefit of certain Oak Hill Advisors clients and has no voting or investment control over these RSUs, consistent with Oak Hill Advisors’ internal policies.

How were Oak Hill Advisors’ recent Valaris (VAL) share transactions executed?

The filing states that all reportable transactions in Valaris shares by Oak Hill Advisors during the past 60 days were effected in the open market. Details of these trades are provided on an attached schedule incorporated by reference.

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

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Available on EDGAR 08/12/2026 - 06:47 PM Accepted by SEC EDGAR 08/12/2026 - 06:46 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 4)

Valaris Ltd

(Name of Issuer)

Common Shares, $0.01 par value per share

(Title of Class of Securities)

G9460G101

(CUSIP Number)

William H. Bohnsack, Jr.
Oak Hill Advisors, L.P., One Vanderbilt Avenue - 16th Floor
New York, NY, 10017
(212) 884-0384

Adriana Schwartz
Seward & Kissel LLP, One Battery Park Plaza
New York, NY, 10004
212-574-1200

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

08/10/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): G9460G101

1

Name of reporting person

OAK HILL ADVISORS LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 3,038,600.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 3,038,600.00

11

Aggregate amount beneficially owned by each reporting person

3,038,600.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

4.38 %

14

Type of Reporting Person (See Instructions)

IA, PN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Shares, $0.01 par value per share
(b)	Name of Issuer: Valaris Ltd
(c)	Address of Issuer's Principal Executive Offices: RICHMOND HOUSE, 12 PAR-LA-VILLE ROAD, HAMILTON, BERMUDA , 08.
Item 1 Comment: The following constitutes Amendment No. 4 ("Amendment No. 4") to the Schedule 13D filed with the Securities and Exchange Commission on June 25, 2021 (as amended, the "Schedule 13D"). This Amendment No. 4 amends and restates Items 5(a)-(c) and (e) and Item 6 of the Schedule 13D as set forth below. Capitalized terms used herein and not otherwise defined in this Amendment No. 4 have the meanings set forth in the Schedule 13D.
Item 5.	Interest in Securities of the Issuer
(a)	See rows (11) and (13) of the cover page to this Schedule 13D for the aggregate number of Shares and percentages of the Shares beneficially owned by the Reporting Person. The percentage used in this Schedule 13D is calculated based upon 69,435,807 Shares outstanding as of July 30, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2026, filed with the SEC on August 6, 2026.
(b)	See rows (7) through (10) of the cover page to this Schedule 13D for the number of Shares as to which the Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition.
(c)	The transactions in the Shares effected by the Reporting Person during the past sixty (60) days, which were all in the open market, are set forth on Schedule 1 attached hereto and incorporated by reference herein.
(e)	August 10, 2026.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	On June 10, 2026, Mr. Goldschmid received a grant of 2,188 RSUs in consideration for his services as a director of the Issuer. These RSUs will vest in full on the earlier of the first anniversary of the date of grant or the next annual meeting of the Issuer's shareholders. Pursuant to the policies of OHA, Mr. Goldschmid is deemed to hold the foregoing securities for the benefit of certain clients of OHA and accordingly holds no voting or investment control over the RSUs.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

OAK HILL ADVISORS LP

Signature:	/s/ William H. Bohnsack, Jr.
Name/Title:	William H. Bohnsack, Jr. Authorized Signatory
Date:	08/12/2026