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  4. [Form 3] SFL Corp Ltd. Initial Statement of Beneficial Ownership

SFL (NYSE: SFL) director discloses option grants and indirect shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

SFL Corp Ltd. director Homan-Russell George William reported his initial holdings. He holds share options over 25,000 common shares at an exercise price of $7.1600 expiring on February 14, 2028, 25,000 at $9.8100 expiring on February 13, 2029, 26,000 at $7.5200 expiring on March 12, 2030, and 35,000 at $10.2800 expiring on February 19, 2031. He also indirectly owns 8,750 common shares through WHR Capital Ltd., a company wholly owned by him. The options were issued under the issuer’s share option scheme and vest in equal one‑third installments over three years for each grant, becoming exercisable as they vest.

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Insider Homan-Russell George William
Role Director
Type Security Shares Price Value
holding Share options -- -- --
holding Share options -- -- --
holding Share options -- -- --
holding Share options -- -- --
holding Common shares -- -- --
Holdings After Transaction: Share options — 25,000 shares (Direct); Common shares — 8,750 shares (Indirect, By WHR Capital Ltd., a company wholly owned by the Reporting Person)
Footnotes (1)
  1. The share options issued pursuant to the Issuer's Share Option Scheme vest over a three-year period in increments of 1/3 per annum with initial vesting on February 14, 2024 and subsequent vesting on February 14, 2025 and February 14, 2026. These share options become exercisable upon vesting. The share options issued pursuant to the Issuer's Share Option Scheme vest over a three-year period in increments of 1/3 per annum with initial vesting on February 13, 2025 and subsequent vesting on February 13, 2026 and February 13, 2027. These share options become exercisable upon vesting. The share options issued pursuant to the Issuer's Share Option Scheme vest over a three-year period in increments of 1/3 per annum with initial vesting on March 12, 2026 and subsequent vesting on March 12, 2027 and March 12, 2028. These share options become exercisable upon vesting. The share options issued pursuant to the Issuer's Share Option Scheme vest over a three-year period in increments of 1/3 per annum with initial vesting on February 19, 2027 and subsequent vesting on February 19, 2028 and February 19, 2029. These share options become exercisable upon vesting.
Options at $7.1600 25,000 underlying shares Exercise price $7.1600; expire February 14, 2028
Options at $9.8100 25,000 underlying shares Exercise price $9.8100; expire February 13, 2029
Options at $7.5200 26,000 underlying shares Exercise price $7.5200; expire March 12, 2030
Options at $10.2800 35,000 underlying shares Exercise price $10.2800; expire February 19, 2031
Indirect common shares 8,750 shares Held by WHR Capital Ltd., wholly owned by reporting person
Share options financial
"The share options issued pursuant to the Issuer's Share Option Scheme vest over a three-year period"
Share options are contracts that give someone the right, but not the obligation, to buy a company’s stock at a predetermined price for a limited time—think of them like a coupon to purchase shares later at a set price. They matter to investors because when exercised they increase the number of outstanding shares (dilution), can change management incentives and company value, and represent a potential future claim on profits or equity.
Issuer's Share Option Scheme financial
"The share options issued pursuant to the Issuer's Share Option Scheme vest over a three-year period"
indirect financial
"Common shares ... indirect ... By WHR Capital Ltd., a company wholly owned by the Reporting Person"
Beneficial ownership financial
"a company wholly owned by the Reporting Person"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Understanding Insider Trading Forms →
SEC Form 3
FORM 3UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:3235-0104
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
Homan-Russell George William
(Last)(First)(Middle)
C/O SFL CORPORATION LTD.
PAR-LA-VILLE PLACE, 14 PAR-LA-VILLE ROAD
(Street)
HAMILTONHAMILTONHM 08
(City)(State)(Zip)
BERMUDA
(Country)		2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026		3. Issuer Name and Ticker or Trading Symbol
SFL Corp Ltd. [ SFL ]
3a. Foreign Trading Symbol
5. If Amendment, Date of Original Filed (Month/Day/Year)
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common shares8,750IBy WHR Capital Ltd., a company wholly owned by the Reporting Person
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year)3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Share options (1)02/14/2028Common shares25,000$7.16D
Share options (2)02/13/2029Common shares25,000$9.81D
Share options (3)03/12/2030Common shares26,000$7.52D
Share options (4)02/19/2031Common shares35,000$10.28D
Explanation of Responses:
1. The share options issued pursuant to the Issuer's Share Option Scheme vest over a three-year period in increments of 1/3 per annum with initial vesting on February 14, 2024 and subsequent vesting on February 14, 2025 and February 14, 2026. These share options become exercisable upon vesting.
2. The share options issued pursuant to the Issuer's Share Option Scheme vest over a three-year period in increments of 1/3 per annum with initial vesting on February 13, 2025 and subsequent vesting on February 13, 2026 and February 13, 2027. These share options become exercisable upon vesting.
3. The share options issued pursuant to the Issuer's Share Option Scheme vest over a three-year period in increments of 1/3 per annum with initial vesting on March 12, 2026 and subsequent vesting on March 12, 2027 and March 12, 2028. These share options become exercisable upon vesting.
4. The share options issued pursuant to the Issuer's Share Option Scheme vest over a three-year period in increments of 1/3 per annum with initial vesting on February 19, 2027 and subsequent vesting on February 19, 2028 and February 19, 2029. These share options become exercisable upon vesting.
/s/ William George Homan-Russell03/31/2026
** Signature of Reporting PersonDate
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 5 (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 3: SEC 1473 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did SFL (SFL) director Homan-Russell report on his Form 3?

He reported his initial beneficial ownership, including several batches of share options over common shares and an indirect holding of 8,750 common shares via WHR Capital Ltd., a company he wholly owns. The filing shows positions, not recent market purchases or sales.

How many SFL share options does Homan-Russell hold and at what exercise prices?

He holds options over 25,000 common shares at $7.1600, 25,000 at $9.8100, 26,000 at $7.5200, and 35,000 at $10.2800. Each option series has a different expiration date between 2028 and 2031.

When do Homan-Russell’s SFL share options vest and become exercisable?

Each grant vests over three years in equal one-third installments and becomes exercisable upon vesting. Initial vesting dates are February 14, 2024, February 13, 2025, March 12, 2026, and February 19, 2027, with subsequent vesting on the same calendar dates in following years.

What indirect SFL share ownership does Homan-Russell report on Form 3?

He reports indirect ownership of 8,750 common shares held by WHR Capital Ltd. The filing notes WHR Capital Ltd. is wholly owned by him, so these shares are attributed to him as indirect beneficial ownership in addition to his option awards.

Do Homan-Russell’s reported SFL holdings indicate recent buying or selling activity?

The Form 3 reflects holdings rather than explicit buy or sell transactions. All transactions are coded as holdings with unknown transaction codes, and summary data show no recorded buys, sells, exercises, gifts, or tax-withholding dispositions in this report.