Borr Drilling Ltd: director Troim Tor Olav bought 1,500,000 shares

What happened Troim Tor Olav, a director, purchased 1,500,000 common shares at $4.13 per share on Oct 5, 2026, for a total of $6,197,100, according to the Form 4 filed Oct 6, 2026. The filing lists the transaction type as an open market or private purchase (code P).

Key details

• Transaction date and price: Oct 5, 2026 — 1,500,000 shares at $4.13 per share (total $6,197,100); code P (purchase).
• Shares owned after the transaction: not disclosed in the filing.
• Footnotes:
  • F1: Drew Holdings Ltd. is wholly owned by Drew Trust, a non-discretionary trust in which the reporting person is the beneficiary.
  • F2: Includes 54,545 restricted stock units (RSUs) that vest in full on Sep 30, 2026 conditional upon continuing to serve as a Director; each RSU represents a contingent right to receive one common share.
• Filing timing: Form 4 filed Oct 6, 2026 for a transaction reported Oct 5, 2026.

Why it may matter

• The filing reports a purchase (code P) — not an option exercise, gift, or tax withholding event.
• This filing does not show why the insider traded or why the company acted.