SEC Form 4 · accession 0001628280-26-042066
Borr Drilling Ltd · BORR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thiago Mordehachvili
Director
Period of report
Jun 9, 2026
Accepted (ET)
Jun 10, 2026 · 8:03 am EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001715497
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1,F2 | Jun 9, 2026 | S | 8,000,000 | $4.70 | D | 38,199,677 | I | By Granular Capital Ltd |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Contract for DifferenceF2,F3 | — | holding | — | — | — | — | — | Common Shares | 2,000,000 | 0 | I |
Explanation of responses
- F1Includes 54,545 restricted stock units (RSUs) that vest in full on September 30, 2026 conditional upon continuing to serve as a Director of the Issuer at the date of vesting. Each RSU represents a contingent right to receive one common share.
- F2Granular Capital Ltd is a fund founded and managed by the reporting person.
- F3The contract for difference is a long position, has no true maturity date (as it can be rolled over continuously) and can be closed at the option of Granular Capital Ltd.