Troim Tor Olav 4

What Happened

• Troim Tor Olav, a director of Borr Drilling Ltd (BORR), acquired 500,000 common shares on March 24, 2026. The reported purchase price was $5.20 per share, for a total reported value of $2,597,900. This was a purchase (code P), which is generally more informative to investors than routine sales.

Key Details

• Transaction date and price: 2026-03-24, 500,000 shares at $5.20 per share.
• Total value: $2,597,900.
• Transaction type: Purchase (open-market or private purchase, recorded as code P).
• Shares owned after transaction: Not specified in the provided excerpt of the filing; see the full Form 4 for "Amount Owned Following Reported Transaction."
• Filing date and timeliness: Form 4 filed 2026-03-26 — appears to be filed within the standard 2-business-day window.
• Footnotes of note:
  • F1: Drew Holding Ltd. is wholly owned by Drew Trust, a non-discretionary trust in which the reporting person is the beneficiary (indicates some holdings may be through this trust/entity).
  • F2: Includes 54,545 restricted stock units (RSUs) that vest in full on September 30, 2026, conditioned on continued service as a director; each RSU is a contingent right to one common share.

Context

• This was a straight purchase, not an option exercise, gift, or award. Purchases by insiders can be interpreted as a positive signal since they increase exposure to the company's equity, but they do not prove future performance. The filing indicates holdings tied to a trust (Drew Holding/Drew Trust) and outstanding RSUs that vest later; these RSUs are contingent on continued board service.