Kawaja Joey M 4

What Happened
Joey M. Kawaja, Senior Vice President, Operations at Noble Corp (NE), had two RSU tranches convert to shares on February 3, 2026 (3,645 and 7,552 RSUs; total 11,197). The issuer withheld 1,435 and 2,972 shares (4,407 total) to cover tax withholding at $36.43/share, producing withholding proceeds of $52,277 and $108,270 (total $160,547). The gross value of the vested shares was about $407,907 and the net shares delivered to Kawaja were 6,790 (net value ≈ $247,360). These were vesting/settlement events (award conversion), not open-market purchases or sales.

Key Details

• Transaction date: February 3, 2026; Form filed February 5, 2026 (filed timely).
• Conversion (code M): 3,645 RSUs and 7,552 RSUs vested/converted to ordinary shares. Exercise price $0 (RSUs).
• Tax withholding (code F): 1,435 and 2,972 shares withheld at $36.43/share, totaling $160,547 withheld.
• Net shares issued to insider: 6,790 shares (11,197 gross − 4,407 withheld).
• Footnotes: F1 = each RSU = right to one Class A share; F2 = shares withheld for tax withholding; F3/F4 = RSUs vest in three equal annual installments for grants dated Feb 3, 2023 and Feb 3, 2025.
• Shares owned after transaction: not specified in the filing.

Context
This was a routine RSU vesting and cashless tax-withholding settlement (issuer withheld shares to satisfy taxes). Such transactions reflect compensation vesting rather than a managerial open-market buy or sell; they don’t, by themselves, indicate the insider’s market view.