SEC Form 4 · accession 0001628280-26-060610
Borr Drilling Ltd · BORR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jehan Mawjee
Officer — Chief Accounting Officer
Period of report
Sep 3, 2026
Accepted (ET)
Sep 4, 2026 · 7:13 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 | Sep 3, 2026 | S | 10,903 | $4.8023 | D | 57,826 | D | |
| Common SharesF3 | holding | — | — | — | 45,000 | 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 SharesF4,F5 | $1.66 | holding | — | — | — | Aug 12, 2024 | Dec 31, 2026 | Common Shares | 33,334 | 0 | D |
| Employee Stock Option to Purchase Common SharesF4,F5 | $1.66 | holding | — | — | — | Aug 12, 2025 | Dec 31, 2026 | Common Shares | 66,666 | 0 | D |
| Employee Stock Option to Purchase Common SharesF6 | $6.54 | holding | — | — | — | Aug 15, 2025 | Aug 15, 2029 | Common Shares | 41,666 | 0 | D |
| Employee Stock Option to Purchase Common SharesF6 | $6.54 | holding | — | — | — | Aug 15, 2026 | Aug 15, 2029 | Common Shares | 41,667 | 0 | D |
| Employee Stock Option to Purchase Common SharesF6 | $6.54 | holding | — | — | — | Aug 15, 2027 | Aug 15, 2029 | Common Shares | 41,667 | 0 | D |
| Employee Stock Option to Purchase Common SharesF7 | $3.66 | holding | — | — | — | Mar 1, 2024 | Sep 1, 2027 | Common Shares | 43,334 | 0 | D |
| Employee Stock Option to Purchase Common SharesF7 | $4.41 | holding | — | — | — | Mar 1, 2025 | Sep 1, 2027 | Common Shares | 43,333 | 0 | D |
| Employee Stock Option to Purchase Common SharesF7 | $5.16 | holding | — | — | — | Mar 1, 2026 | Sep 1, 2027 | Common Shares | 43,333 | 0 | D |
| Employee Stock Option to Purchase Common SharesF8 | $6.31 | holding | — | — | — | Mar 1, 2025 | Nov 17, 2028 | Common Shares | 41,667 | 0 | D |
| Employee Stock Option to Purchase Common SharesF8 | $6.31 | holding | — | — | — | Mar 1, 2026 | Nov 17, 2028 | Common Shares | 41,667 | 0 | D |
| Employee Stock Option to Purchase Common SharesF8 | $6.31 | holding | — | — | — | Mar 1, 2027 | Nov 17, 2028 | Common Shares | 41,666 | 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) 22,910 restricted stock units (RSUs) that vest in full on September 1, 2026, (b) 22,909 RSUs that vest in full on September 1, 2027 and (c) 22,910 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) 15,000 restricted stock units (RSUs) that vest in full on September 1, 2027, (b) 15,000 RSUs that vest in full on September 1, 2028 and (c) 15,000 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 August 12, 2021 - options 1/3 vest every August 1 between 2023 and 2025 with strike price as at date of filing
- F5The reported transaction involved an amendment of an outstanding option to extend the expiration date, resulting in the cancellation of the "old" option and the grant of a replacement option. The option was originally granted on August 12, 2021, and is 100% vested and exercisable.
- F6Grant 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
- F7Grant 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
- F8Grant 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