IPSEN MIKKEL 4

What Happened

• Mikkel Ipsen, Senior VP Human Resources at Noble Corp (NE), had a total of 5,253 restricted stock units (RSUs) convert to Class A ordinary shares on Feb 3, 2026 (1,988 + 3,265). The conversion records show a $0.00 exercise price for the derivative conversions and a share-withholding (to cover taxes) of 2,157 shares at $36.43 per share, totaling $78,580. After withholding, Ipsen received a net 3,096 shares. Using the $36.43 fair-market value shown, the total value of the vested shares was about $191,367 (approx.).

Key Details

• Transaction date: 2026-02-03 (reported on Form 4 filed 2026-02-05).
• Vested/converted (M): 5,253 RSUs → 5,253 shares (1,988 + 3,265).
• Tax withholding (F): 2,157 shares withheld at $36.43 each = $78,580.
• Net shares delivered to insider: 3,096 shares.
• Exercise price shown: $0.00 for the RSU conversions (no cash exercise).
• Footnotes: F1 — each RSU equals one Class A share; F2 — shares were withheld to satisfy tax withholding; F3/F4 — vesting schedules (three equal annual installments beginning Feb 3, 2023 and Feb 3, 2025), indicating these were scheduled RSU vestings from separate grants.
• Shares owned after the transaction: not disclosed in the provided extract of the filing.
• Filing timeliness: no late-filing flag indicated in the provided data.

Context

• This was not an open-market sale or purchase: it was RSU vesting with company shares issued and a portion withheld to cover taxes (a common “share withholding” or cashless settlement). Such transactions are routine compensation events and do not by themselves indicate a buy/sell signal about the company.