Borr Drilling (BORR) Chief Accounting Officer Mawjee Jehan Sells Shares

What Happened
Mawjee Jehan, Chief Accounting Officer of Borr Drilling Ltd (BORR), sold 10,903 common shares on 2026-09-03 at $4.80 per share for a total of $52,359. The filing reports the sale as an "S" transaction (sale/open market or private sale), but the filing footnote states the sale was effected solely to satisfy tax withholding obligations arising from RSU vesting and not a discretionary divestiture.

Key Details

• Transaction date and price: 2026-09-03, 10,903 shares at $4.80 each (total ≈ $52,359).
• Reason for sale: Tax withholding related to vesting/settlement of restricted stock units (footnote F1).
• Filing date: 2026-09-04 (timely; covers the 2026-09-03 transaction).
• Post-transaction holdings: The Form 4 does not state an aggregate common-share total but discloses outstanding RSUs and options (see below).
• Notable footnotes (summary):
  • F2: RSUs — 22,910 vest 9/1/2026; 22,909 vest 9/1/2027; 22,910 vest 9/1/2028 (each = 1 share, conditioned on continued employment).
  • F3: RSUs — 15,000 vest 9/1/2027; 15,000 vest 9/1/2028; 15,000 vest 9/1/2029.
  • F4/F6/F7/F8: Multiple stock option grants with staggered vesting schedules (grants in 2021, 2022, 2023, 2024 — typical 1/3 vesting tranches).
  • F5: An outstanding option granted 8/12/2021 was amended to extend its expiration (old option canceled and a replacement granted); that option is 100% vested and exercisable.
• Filing timeliness: Reported promptly (no late filing indicated).

Context
Because the sale was disclosed as a tax-withholding disposition tied to RSU vesting, it is generally considered a routine administrative sale rather than a directional signal about the insider’s view of the company. The filing also shows the insider has additional contingent RSUs and option awards that will vest over coming years; for derivative transactions the footnotes indicate standard vesting schedules and an amended option expiration.