Jehan Mawjee, Chief Accounting Officer of Borr Drilling Ltd (NYSE:BORR), filed a Form 4 on August 13, 2026, disclosing beneficial ownership of 68,729 common shares and multiple employee stock option positions following a transaction dated August 12, 2026.

Key Highlights

  • Reporting person: Jehan Mawjee, Chief Accounting Officer of Borr Drilling Ltd
  • Post-transaction holdings: 68,729 common shares beneficially owned directly, including three tranches of RSUs vesting on September 1, 2026, September 1, 2027, and September 1, 2028 (22,910, 22,909, and 22,910 units respectively)
  • Option amendment: An outstanding employee stock option originally granted August 12, 2021 with a strike price of $1.66 had its expiration date extended, resulting in cancellation of the old option and issuance of a replacement option, now expiring December 31, 2026
  • Replacement option tranches: The amended $1.66 options cover 33,334 and 66,666 common shares, described as 100% vested and exercisable
  • Additional options outstanding: Multiple employee stock option tranches with strike prices of $6.54, $3.66, $4.41, $5.16, $6.31, covering common share amounts ranging from 41,666 to 43,334 per tranche, all held directly
  • Earliest transaction date: August 12, 2026

Borr Drilling CAO Beneficial Ownership and Option Amendment Details

According to the filing, Jehan Mawjee holds 68,729 common shares of Borr Drilling Ltd directly following the reported transaction. The filing discloses that this total includes three tranches of restricted stock units: 22,910 RSUs vesting September 1, 2026; 22,909 RSUs vesting September 1, 2027; and 22,910 RSUs vesting September 1, 2028. The filing states that each tranche is "conditional upon continuous employment with the Issuer at the date of vesting" and that "each RSU represents a contingent right to receive one common share."

The filing also reports an amendment to an employee stock option originally granted on August 12, 2021, with an exercise price of $1.66. According to the filing, "the reported transaction involved an amendment of an outstanding option to extend the expiration date, resulting in the cancellation of the 'old' option and the grant of a replacement option." The replacement option is described as "100% vested and exercisable," with two tranches covering 33,334 and 66,666 common shares and an expiration date of December 31, 2026.

In addition to the amended options, the filing lists several other employee stock option series held directly by Mawjee. Options granted August 15, 2024 carry a strike price of $6.54 and vest in thirds each August 15 between 2025 and 2027, expiring August 15, 2029. Options from a September 1, 2022 grant carry staggered strike prices of $3.66, $4.41, and $5.16, vesting on successive March 1 dates, expiring September 1, 2027. Options from a November 17, 2023 grant carry a $6.31 strike price, vesting each March 1 between 2025 and 2027, expiring November 17, 2028. The form was signed by Temi Bankole as attorney-in-fact on August 13, 2026.

What Was Disclosed

Jehan Mawjee, Chief Accounting Officer of Borr Drilling Ltd, reported direct beneficial ownership of 68,729 common shares, including unvested RSUs, and multiple employee stock option positions. The key transaction was an amendment extending the expiration of a fully vested $1.66 option originally granted in 2021.