Borr Drilling (BORR) SVP Jason Crowe Sells 16,495 Shares

What Happened

• Jason Crowe, SVP – Commercial of Borr Drilling Ltd (BORR), sold 16,495 common shares on 2026-09-02 at $4.55 per share, yielding about $75,052. The Form 4 reports the sale was to satisfy tax withholding obligations arising from the vesting and settlement of restricted stock units (RSUs), not a discretionary sale.

Key Details

• Transaction type: Sale (open market or private sale), 16,495 shares at $4.55 on 2026-09-02 — proceeds ≈ $75,052. (Filed 2026-09-03.)
• Reason: Tax withholding related to RSU vesting (Footnote F1).
• Shares owned after the transaction: Not specified in the provided summary of the filing.
• Notable holdings/awards disclosed:
  • F2: 41,237 RSUs vesting on each of Sep 1, 2026; Sep 1, 2027; Sep 1, 2028 (each contingent on continued employment).
  • F3: 37,500 RSUs vesting on Sep 1, 2027; Sep 1, 2028; Sep 1, 2029 (contingent on continued employment).
  • F4/F5: Option grants with multi-year vesting schedules (granted Nov 17, 2023 and Aug 15, 2024).
• Timeliness: Transaction reported on 2026-09-03 for a 2026-09-02 sale (filed the next day), which appears timely.

Context

• This sale appears routine: selling shares to cover tax withholding for vested RSUs is common and does not necessarily indicate a change in the insider’s view of the company. The filing shows substantial future RSU vesting schedules and outstanding option grants, which can lead to periodic tax-related disposals when awards vest.