Borr Drilling 3/A Amends Beneficial Ownership Filing for Schorn Patrick

TL;DR

**Borr Drilling filed an amended ownership statement for Patrick Schorn, clarifying insider holdings.**

AI Summary

This 3/A filing, an amendment to an initial statement of beneficial ownership, clarifies information related to Borr Drilling Ltd (CIK: 0001715497) and its reporting person, Schorn Patrick (CIK: 0001512880). Filed on March 26, 2026, and accepted on the same day, it updates details from the original report period of March 18, 2026. This matters to investors because it provides updated transparency on who owns what, which can signal confidence or concerns about the company's future.

Why It Matters

This amendment provides updated transparency on beneficial ownership, which can influence investor perception of insider confidence and corporate governance.

Risk Assessment

Risk Level: low — This filing is an amendment to a routine ownership statement and does not indicate new, significant risks.

Analyst Insight

Investors should note the clarification of beneficial ownership for Schorn Patrick, as it provides updated transparency. While not a major event, it's good practice to review such amendments to ensure no unexpected changes in insider holdings or corporate structure are revealed.

Key Players & Entities

• Borr Drilling Ltd (company) — the Issuer of the securities
• Schorn Patrick (person) — the Reporting Person whose beneficial ownership is being disclosed
• 0001715497 (company) — CIK for Borr Drilling Ltd
• 0001512880 (person) — CIK for Schorn Patrick
• 2026-03-26 (date) — Filing Date and Accepted Date
• 2026-03-18 (date) — Period of Report

FAQ

Filing Documents

• wk-form3a_1774526858.html (3/A)
• wk-form3a_1774526858.xml (3/A) — 9KB
• 0001628280-26-021213.txt ( ) — 11KB

From the Filing

SEC FORM 3/A SEC Form 3 FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVAL OMB Number: 3235-0104 Estimated average burden hours per response: 0.5 1. Name and Address of Reporting Person * Schorn Patrick (Last) (First) (Middle) C/O BORR DRILLING LIMITED 2ND FLOOR 9 PAR-LA-VILLE ROAD (Street) HAMILTON HM11 (City) (State) (Zip) BERMUDA (Country) 2. Date of Event Requiring Statement (Month/Day/Year) 03/18/2026 3. Issuer Name and Ticker or Trading Symbol Borr Drilling Ltd [ BORR ] 3a. Foreign Trading Symbol [ BORR ] 5. If Amendment, Date of Original Filed (Month/Day/Year) 03/18/2026 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner Officer (give title below) Other (specify below) 6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person Table I - Non-Derivative Securities Beneficially Owned 1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Common Shares 2,335,000 (1) D Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5) Date Exercisable Expiration Date Title Amount or Number of Shares Employee Stock Option to Purchase Common Shares 03/01/2024 (2) 09/01/2027 Common Shares 333,334 $ 3.66 D Employee Stock Option to Purchase Common Shares 03/01/2025 (2) 09/01/2027 Common Shares 333,333 $ 4.41 D Employee Stock Option to Purchase Common Shares 03/01/2026 (2) 09/01/2027 Common Shares 333,333 $ 5.16 D Employee Stock Option to Purchase Common Shares 08/12/2023 (3) 08/12/2026 Common Shares 400,000 $ 1.66 D Employee Stock Option to Purchase Common Shares 08/12/2024 (3) 08/12/2026 Common Shares 400,000 $ 1.66 D Employee Stock Option to Purchase Common Shares 08/12/2025 (3) 08/12/2026 Common Shares 400,000 $ 1.66 D Explanation of Responses: 1. Includes (a) 500,000 restricted stock units (RSUs) that vested in full on December 31, 2025 and (b) 250,000 RSUs that vest in full on December 31, 2026 conditional upon continuing to serve as a Director of the Issuer at the date of vesting. Each RSU represents a contingent right to receive one common share 2. Grant of options on September 1, 2022 - options 1/3 vest every March 1 between 2024 and 2026 with staggered strike price as at date of filing 3. Grant of options on August 12, 2021 - options 1/3 vest every August 1 between 2023 and 2025 with strike price as at date of filing Remarks: /s/ Temi Bankole as attorney-in-fact 03/25/2026 ** Signature of Reporting Person Date Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 5 (b)(v). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. * Form 3: SEC 1473 (03-26)

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