SEC Form 4 · accession 0001628280-26-060295
Borr Drilling Ltd · BORR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jason Philip Crowe
Officer — SVP - Commercial
Period of report
Sep 2, 2026
Accepted (ET)
Sep 3, 2026 · 12:32 pm 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 | Sep 2, 2026 | S | 16,495 | $4.55 | D | 107,216 | D | |
| Common SharesF3 | holding | — | — | — | 112,500 | 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 SharesF4 | $6.31 | holding | — | — | — | Mar 1, 2025 | Nov 17, 2028 | Common Shares | 41,667 | 0 | D |
| Employee Stock Option to Purchase Common SharesF4 | $6.31 | holding | — | — | — | Mar 1, 2027 | Nov 17, 2028 | Common Shares | 41,666 | 0 | D |
| Employee Stock Option to Purchase Common SharesF4 | $6.31 | holding | — | — | — | Mar 1, 2026 | Nov 17, 2028 | Common Shares | 41,667 | 0 | D |
| Employee Stock Option to Purchase Common SharesF5 | $6.54 | holding | — | — | — | Aug 15, 2026 | Aug 15, 2029 | Common Shares | 33,333 | 0 | D |
| Employee Stock Option to Purchase Common SharesF5 | $6.54 | holding | — | — | — | Aug 15, 2027 | Aug 15, 2029 | Common Shares | 33,334 | 0 | D |
| Employee Stock Option to Purchase Common SharesF5 | $6.54 | holding | — | — | — | Aug 15, 2025 | Aug 15, 2029 | Common Shares | 33,333 | 0 | D |
Explanation of responses
- F1The reported sale was effected solely to satisfy tax withholding obligations arising from the vesting and settlement of restricted stock units and does not represent a discretionary sale by the reporting person
- F2Includes (a) 41,237 restricted stock units (RSUs) that vest in full on September 1, 2026, (b) 41,237 RSUs that vest in full on September 1, 2027 and (c) 41,237 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
- F3Represents (a) 37,500 restricted stock units (RSUs) that vest in full on September 1, 2027, (b) 37,500 RSUs that vest in full on September 1, 2028 and (c) 37,500 RSUs that vest in full on September 1, 2029, each conditional upon continuous employment with the Issuer at the date of vesting. Each RSU represents a contingent right to receive one common share
- F4Grant 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
- F5Grant 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