Borr Drilling director Tor Olav Troim buys $43 million of shares in seven open-market purchases

Tor Olav Troim, a director of Borr Drilling Ltd (SEC CIK 0001715497, ticker BORR), bought 9,500,000 of the company's common shares in seven open-market purchases between 5 and 15 October 2026, for a combined $43,038,350 at the prices reported in his Form 4 filings to the US Securities and Exchange Commission.

The shares were bought through Drew Holdings Ltd. The filings describe Drew Holdings as wholly owned by Drew Trust, a non-discretionary trust of which Mr Troim is the beneficiary (Form 4, transaction 5 October 2026, accession 0001628280-26-065174).

The first purchase, on 5 October, was 1,500,000 shares at $4.1314, the lowest price in the series (Form 4, accession 0001628280-26-065174). A further 1,500,000 shares followed on 6 October at $4.2428 (Form 4, accession 0001628280-26-065290) and 1,250,000 on 7 October at $4.3122 (Form 4, accession 0001628280-26-065416).

The largest single purchase was 2,500,000 shares on 9 October at $4.7374 (Form 4, accession 0001628280-26-065603).

The highest price was $4.9344, paid for 1,500,000 shares on 13 October (Form 4, accession 0001628280-26-065849). The same filing states that on 9 October Mr Troim transferred 81,867 shares he had held directly to Drew Holdings.

The last two purchases were 750,000 shares at $4.7234 on 14 October (Form 4, accession 0001628280-26-065947) and 500,000 shares at $4.5983 on 15 October (Form 4, accession 0001628280-26-066045).

After the final purchase, Drew Holdings held 40,117,808 Borr Drilling shares, up from 32,035,941 after the first purchase on 5 October (Form 4, accession 0001628280-26-066045).

The filings do not state the reasons for the purchases or whether further purchases are planned. Loro has made no approach to the company. Figures are as reported in Borr Drilling's SEC filings.