Barker Richard B. 4

What Happened

• Richard B. Barker, EVP and CFO of Noble Corp (NE), had 7,849 restricted stock units convert to Class A ordinary shares on January 26, 2026. Of those shares, 3,325 were withheld by the issuer to satisfy tax withholding at $34.88 per share (total $115,976), leaving a net delivery of 4,524 shares to Barker. The conversion is reported as a derivative exercise/conversion (code M) with withholding reported under code F.

Key Details

• Transaction date: January 26, 2026.
• Conversion: 7,849 RSUs converted to 7,849 shares (no exercise price paid by insider).
• Tax withholding: 3,325 shares withheld at $34.88/share = $115,976 (disposed under code F).
• Net shares to insider: 4,524 shares.
• Footnotes: F1—each RSU equals one Class A share; F2—shares were withheld to satisfy tax withholding; F3—these RSUs were granted Jan 26, 2024 and vest in three equal annual installments beginning on the first anniversary of the grant (this is the Jan 26, 2026 installment).
• Shares owned after the transaction: Not stated in the filing.
• Timeliness: Filing (filed Jan 28, 2026) appears timely for the Jan 26 transaction; no late filing indicated.

Context

• This was a routine RSU vesting and mandatory tax-withholding event, not an open-market sale or purchase. The reported conversion (M) reflects issuance of shares from vested RSUs; the withholding (F) is a common cashless mechanism to cover taxes and does not by itself indicate a bullish or bearish signal.