SEC Form 4 · accession 0001628280-26-044543
Borr Drilling Ltd · BORR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patrick Schorn
Director
Period of report
Jun 17, 2026
Accepted (ET)
Jun 22, 2026 · 11:27 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 | 1,200,000 | $1.66 | A | 3,535,000 | 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 | 400,000 | A | Aug 12, 2023 | Aug 12, 2026 | Common Shares | 400,000 | 400,000 | D |
| Employee Stock Option to Purchase Common SharesF2 | $1.66 | Jun 17, 2026 | M | 400,000 | A | Aug 12, 2024 | Aug 12, 2026 | Common Shares | 400,000 | 400,000 | D |
| Employee Stock Option to Purchase Common SharesF2 | $1.66 | Jun 17, 2026 | M | 400,000 | A | Aug 12, 2025 | Aug 12, 2026 | Common Shares | 400,000 | 400,000 | D |
| Employee Stock Option to Purchase Common SharesF3 | $3.66 | holding | — | — | — | Mar 1, 2024 | Sep 1, 2027 | Common Shares | 333,334 | 0 | D |
| Employee Stock Option to Purchase Common SharesF3 | $4.41 | holding | — | — | — | Mar 1, 2025 | Sep 1, 2027 | Common Shares | 333,333 | 0 | D |
| Employee Stock Option to Purchase Common SharesF3 | $5.16 | holding | — | — | — | Mar 1, 2026 | Sep 1, 2027 | Common Shares | 333,333 | 0 | D |
Explanation of responses
- F1Includes (a) 500,000 restricted stock units (RSUs) that vested in full on December 31, 2025, (b) 250,000 RSUs that vest in full on December 31, 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 and (c) 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