Mordehachvili Thiago 4

What Happened
Thiago Mordehachvili, a director of Borr Drilling Ltd (BORR), sold 8,000,000 common shares on 2026-06-09 at $4.70 per share, resulting in gross proceeds of $37,600,000. This was a sale (S) reported on a Form 4; sales are often routine insider dispositions and do not by themselves indicate company outlook.

Key Details

• Transaction date: 2026-06-09; Form 4 filed 2026-06-10 (timely within standard reporting window).
• Transaction type: Sale (open-market or private sale as reported).
• Shares sold: 8,000,000 at $4.70 each; total proceeds $37,600,000.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Notable footnotes from the filing:
  • F1: Includes 54,545 restricted stock units (RSUs) that vest in full on Sept 30, 2026 if the reporting person remains a director; each RSU converts to one common share.
  • F2: Granular Capital Ltd is a fund founded and managed by the reporting person.
  • F3: A referenced contract for difference is a long position with no fixed maturity and can be closed at the option of Granular Capital Ltd.
• No 10b5-1 trading plan, tax-withholding sale, or other special conditions were noted in the provided details.

Context
Insider sales are common and may be for personal or portfolio reasons; purchases are generally considered stronger signals of insider confidence. The filing also notes potential future interest (RSUs) and that the reporting person manages a fund (Granular Capital) and holds a convertible derivative (CFD) position, which are part of his broader exposure but are separate from this specific share sale.