SEC Form 4 · accession 0001628280-26-062804
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
Sep 18, 2026
Accepted (ET)
Sep 21, 2026 · 7:09 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 | Sep 18, 2026 | P | 45,500 | $4.40 | A | 1,015,328 | D | |
| Common SharesF2 | holding | — | — | — | 475,000 | 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 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
- F2Represents (a) 158,334 restricted stock units (RSUs) that vest in full on September 1, 2027, (b) 158,332 RSUs that vest in full on September 1, 2028 and (c) 158,334 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
- 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