SEC Form 4 · accession 0001628280-26-044540
Borr Drilling Ltd · BORR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
De Oliveira Bruno Morand
Officer — Chief Executive Officer
Period of report
Jun 17, 2026
Accepted (ET)
Jun 22, 2026 · 11:26 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 | Jun 17, 2026 | P | 275,000 | $1.66 | A | 969,828 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option to Purchase Common SharesF2 | $1.66 | Jun 17, 2026 | M | 91,667 | A | Aug 1, 2023 | Aug 12, 2026 | Common Shares | 91,667 | 91,667 | D |
| Employee Stock Option to Purchase Common SharesF2 | $1.66 | Jun 17, 2026 | M | 91,667 | A | Aug 1, 2024 | Aug 12, 2026 | Common Shares | 91,667 | 91,667 | D |
| Employee Stock Option to Purchase Common SharesF2 | $1.66 | Jun 17, 2026 | M | 91,666 | A | Aug 1, 2025 | Aug 12, 2026 | Common Shares | 91,666 | 91,666 | D |
| Employee Stock Option to Purchase Common SharesF3 | $3.66 | holding | — | — | — | Mar 1, 2024 | Sep 1, 2027 | Common Shares | 66,667 | 0 | D |
| Employee Stock Option to Purchase Common SharesF3 | $4.41 | holding | — | — | — | Mar 1, 2025 | Sep 1, 2027 | Common Shares | 66,667 | 0 | D |
| Employee Stock Option to Purchase Common SharesF3 | $5.16 | holding | — | — | — | Mar 1, 2026 | Sep 1, 2027 | Common Shares | 66,666 | 0 | D |
| Employee Stock Option to Purchase Common SharesF4 | $6.54 | holding | — | — | — | Aug 15, 2025 | Aug 15, 2029 | Common Shares | 75,000 | 0 | D |
| Employee Stock Option to Purchase Common SharesF4 | $6.54 | holding | — | — | — | Aug 15, 2026 | Aug 15, 2029 | Common Shares | 75,000 | 0 | D |
| Employee Stock Option to Purchase Common SharesF4 | $6.54 | holding | — | — | — | Aug 15, 2027 | Aug 15, 2029 | Common Shares | 75,000 | 0 | D |
| Employee Stock Option to Purchase Common SharesF5 | $6.31 | holding | — | — | — | Mar 1, 2025 | Nov 17, 2028 | Common Shares | 100,000 | 0 | D |
| Employee Stock Option to Purchase Common SharesF5 | $6.31 | holding | — | — | — | Mar 1, 2026 | Nov 17, 2028 | Common Shares | 100,000 | 0 | D |
| Employee Stock Option to Purchase Common SharesF5 | $6.31 | holding | — | — | — | Mar 1, 2027 | Nov 17, 2028 | Common Shares | 100,000 | 0 | D |
Explanation of responses
- F1Includes (a) 183,276 restricted stock units (RSUs) that vest in full on September 1, 2026, (b) 183,276 RSUs that vest in full on September 1, 2027, (c) 183,276 RSUs that vest in full on September 1, 2028, each conditional upon continuous employment with the Issuer at the date of vesting. Each RSU represents a contingent right to receive one common share and (d) full exercise of 2021 Plan Options
- F2Grant of options on August 12, 2021 - options 1/3 vest every August 1 between 2023 and 2025 with strike price as at date of filing. Options were exercised for cash on June 17, 2026
- F3Grant of options on September 1, 2022 - options 1/3 vest every March 1 between 2024 and 2026 with staggered strike price as at date of filing
- F4Grant of options on August 15, 2024 - options 1/3 vest every August 15 between 2025 and 2027 with strike price as at date of filing
- F5Grant of options on November 17, 2023 - options 1/3 vest every March 1 between 2025 and 2027 with strike price as at date of filing