Hirshberg Al J. 4

What Happened

• Al J. Hirshberg, a director of Noble Corp (NE), had restricted stock units (RSUs) vest on 2026-02-03. Upon vesting 60% of the RSUs converted to 3,673 A Ordinary Shares (acquired at $0) and 40% were settled in cash. The 3,673 shares were disposed/sold at $36.43 for proceeds of $133,807, and 2,450 RSUs were cash-settled at $36.43 for $89,253.50 — total proceeds $223,060.50. Transaction code M indicates conversion/exercise of a derivative (RSU conversion).

Key Details

• Transaction date: 2026-02-03; Form 4 filed 2026-02-05 (timely).
• Shares acquired on conversion: 3,673 at $0.00 (RSU vesting).
• Shares disposed/sold: 3,673 at $36.43 for $133,807.
• RSUs cash-settled: 2,450 at $36.43 for $89,253.50 (footnote F3).
• Total cash received: $133,807 + $89,253.50 = $223,060.50.
• Shares owned after the transactions: not specified in the provided excerpt.
• Footnotes: F1 — RSUs pay 60% in A Ordinary Shares (1-for-1) and 40% in cash; F2 — RSUs vest one year from grant; F3 — cash settled at $36.43.

Context

• This was an RSU vesting and partial immediate sale/cash settlement, not an open-market buy — a routine liquidity action rather than a clear bullish purchase signal. The filing appears timely (filed two days after the transactions). For retail investors, RSU vest-and-sell events are common for compensation and tax-withholding purposes and do not by themselves indicate management’s view of the company’s stock.