Borr Drilling (BORR) CFO Magnus Vaaler Sells Shares

What Happened
Magnus Vaaler, Chief Financial Officer of Borr Drilling Ltd (BORR), reported a sale of 19,625 common shares on September 3, 2026 at $4.80 per share, totaling $94,245. The filing notes this sale was effected solely to satisfy tax withholding obligations arising from the vesting and settlement of restricted stock units and is not a discretionary sale by the reporting person.

Key Details

• Transaction date: 2026-09-03; reported on Form 4 filed 2026-09-04 (timely filing).
• Price and proceeds: 19,625 shares × $4.80 = $94,245.
• Manner of sale: Reported as an open market or private sale (code S).
• Reason: Tax withholding related to RSU vesting (Footnote F1).
• Shares owned after transaction: Not specified in the excerpt provided — see the full Form 4 for total beneficial ownership.
• Notable footnotes:
  • F1: Sale solely to satisfy tax withholding from RSU vesting.
  • F2/F3: Multiple RSU grants remain outstanding with scheduled vesting in 2026–2029 (each RSU converts to one share).
  • F4–F6/F8 and F7: Several stock option grants with staggered vesting schedules; F7 notes an amendment extending an option’s expiration (replacement grant).

Context
This was a routine tax-withholding sale following RSU vesting, which insiders commonly do to cover taxes and does not necessarily signal a change in the insider’s view of the company. The filing also shows the CFO holds additional unvested RSUs and options with multi-year vesting schedules; consult the full Form 4 for complete holdings and vesting dates.