Is the 500,000-share BORR purchase by Tor Olav Trøim direct or indirect?

The 500,000-share Borr Drilling purchase is reported as indirect ownership. The shares were bought by Drew Holding Ltd., wholly owned by Drew Trust, a non-discretionary trust in which Trøim is the beneficiary.

Borr Drilling (BORR) director buys 500K shares at $5.1958

Filing Impact

(Very High)

Filing Sentiment

(Positive)

Form Type

Rhea-AI Filing Summary

Borr Drilling Ltd director Tor Olav Trøim reported an indirect open-market purchase of 500,000 common shares at $5.1958 per share. The shares were acquired by Drew Holding Ltd., which is wholly owned by Drew Trust, a non-discretionary trust where he is the beneficiary.

After this transaction, Drew Holding Ltd. held 25,622,941 common shares indirectly for his benefit. He also held 81,867 common shares directly, including 54,545 restricted stock units that are scheduled to vest in full on September 30, 2026, if he continues to serve as a director on that date.

Insider Trade Summary

Net Buyer: 500,000 shares ($2,597,900)

Net Buy 2 txns

Insider Troim Tor Olav

Role Director

Bought 500,000 shs ($2.60M)

Type	Security	Shares	Price	Value
Purchase	Common Shares	500,000	$5.1958	$2.60M
holding	Common Shares	--	--	--

Holdings After Transaction: Common Shares — 25,622,941 shares (Indirect, By Drew Holding Ltd.); Common Shares — 81,867 shares (Direct)

Footnotes (1)

Drew Holding Ltd. is wholly owned by Drew Trust, a non-discretionary trust in which the reporting person is the beneficiary. Includes 54,545 restricted stock units (RSUs) that vest in full on September 30, 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.

Form 4 Insider Transactions: What Each Field Means →

03/26/2026 - 08:24 AM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Troim Tor Olav

(Last)

(First)

(Middle)

C/O BORR DRILLING LIMITED

2ND FLOOR 9 PAR-LA-VILLE ROAD

(Street)

HAMILTON

D0 HM11

(City)

(State)

(Zip)

BERMUDA

(Country)

2. Issuer Name and Ticker or Trading Symbol
Borr Drilling Ltd [ BORR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol
[BORR]

3. Date of Earliest Transaction (Month/Day/Year)
03/24/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	03/24/2026	03/24/2026	P		500,000	A	$5.1958	25,622,941	I	By Drew Holding Ltd.⁽¹⁾
Common Shares								81,867⁽²⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Drew Holding Ltd. is wholly owned by Drew Trust, a non-discretionary trust in which the reporting person is the beneficiary.

2. Includes 54,545 restricted stock units (RSUs) that vest in full on September 30, 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.

Remarks:

	/s/ Temi Bankole as attorney-in-fact	03/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did BORR director Tor Olav Trøim report?

BORR director Tor Olav Trøim reported an indirect open-market purchase of 500,000 common shares. The shares were bought at $5.1958 each through Drew Holding Ltd., an entity owned by a trust in which he is the beneficiary.

At what price did the BORR insider buy the 500,000 shares?

The 500,000 Borr Drilling common shares were purchased at $5.1958 per share. This was an open-market transaction executed through Drew Holding Ltd., increasing the trust-related indirect ownership tied to director Tor Olav Trøim.

How many Borr Drilling shares does Drew Holding Ltd. own after the purchase?

After the reported transaction, Drew Holding Ltd. held 25,622,941 Borr Drilling common shares. Drew Holding Ltd. is wholly owned by Drew Trust, a non-discretionary trust where director Tor Olav Trøim is the beneficiary.

What are Tor Olav Trøim’s direct Borr Drilling holdings after this Form 4?

Following the reported activity, Tor Olav Trøim directly held 81,867 Borr Drilling common shares. This figure includes 54,545 restricted stock units that convert into common shares if vesting conditions are satisfied.

When do Tor Olav Trøim’s Borr Drilling RSUs vest and under what condition?

Tor Olav Trøim’s 54,545 restricted stock units vest in full on September 30, 2026. Vesting is conditional on his continuing to serve as a director of Borr Drilling through that specified vesting date.