# EDGAR Filing Document

**Accession Number:** 0001715497
**File Stem:** 0001628280-26-019059
**Filing Date:** 2026-3
**Character Count:** 12183
**Document Hash:** bed65f6de5235c51b29348bcd11d177d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001628280-26-019059.hdr.sgml**: 20260318

**ACCESSION NUMBER**: 0001628280-26-019059

**CONFORMED SUBMISSION TYPE**: 3

**PUBLIC DOCUMENT COUNT**: 5

**CONFORMED PERIOD OF REPORT**: 20260318

**FILED AS OF DATE**: 20260318

**DATE AS OF CHANGE**: 20260318

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Vaaler Magnus
- **CENTRAL INDEX KEY:** 0002118679

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 3
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39007
- **FILM NUMBER:** 26765586

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** S.E. PEARMAN BUILDING, 2ND FLOOR
- **STREET 2:** 9 PAR-LA-VILLE ROAD
- **CITY:** HAMILTON HM11
- **PROVINCE COUNTRY:** D0
- **ZIP:** 00000
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Borr Drilling Ltd
- **CENTRAL INDEX KEY:** 0001715497
- **STANDARD INDUSTRIAL CLASSIFICATION:** DRILLING OIL & GAS WELLS [1381]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000
- **STATE OF INCORPORATION:** D0
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** S.E. PEARMAN BUILDING
- **STREET 2:** 2ND FLOOR 9 PAR-LA-VILLE ROAD
- **CITY:** HAMILTON
- **STATE:** D0
- **ZIP:** HM11
- **BUSINESS PHONE:** 4722483000

**MAIL ADDRESS:**
- **STREET 1:** S.E. PEARMAN BUILDING
- **STREET 2:** 2ND FLOOR 9 PAR-LA-VILLE ROAD
- **CITY:** HAMILTON
- **STATE:** D0
- **ZIP:** HM11

## Ex-24

![](section16poaborr-magnus001.jpg)

Power of Attorney Know all by these presents, that the undersigned hereby makes, constitutes and appoints each of Temidayo Bankole, Benjamin Wiseman, Magnus Vaaler and Charles Lee, with full power of substitution and re-substitution, acting individually, as the undersigned's true and lawful attorney-in-fact, with full power and authority as hereinafter described on behalf of and in the name, place and stead of the undersigned to: (1) obtain credentials (including codes or passwords) to enable the undersigned to submit and file documents, forms and information required by Section 16(a) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or any rule or regulation of the U.S. Securities and Exchange Commission ("SEC") via the Electronic Data Gathering and Retrieval ("EDGAR") system, including: (i) preparing, executing in the undersigned's name and on the undersigned's behalf and submitting to the SEC a Form ID (and any amendments thereto) or any other documents necessary or appropriate to obtain such credentials and legally binding the undersigned for purpose of the Form ID or such other documents; and (ii) enrolling the undersigned in EDGAR Next or any successor filing system; (2) act as an account administrator for the undersigned's EDGAR account, including: (i) appointing, removing and replacing account administrators, technical administrators, account users and delegated entities; (ii) maintaining the security of the undersigned's EDGAR account, including modification of access codes; (iii) maintaining, modifying and certifying the accuracy of information on the undersigned's EDGAR account dashboard; and (iv) taking any other actions contemplated by Rule 10 of Regulation S-T; (3) execute for, and on behalf of, the undersigned, in the undersigned's capacity as an officer and/or director of Borr Drilling Ltd (the "Company"), Form 3, 4 or 5 relating to the Company in accordance with Section 16(a) of the Exchange Act and the rules and regulations promulgated thereunder and Form 144 in accordance with Rule 144 under the Securities Act of 1933, as amended (the "Securities Act"); (4) do and perform any and all acts for, and on behalf of, the undersigned that may be necessary or desirable to prepare, complete and execute any such Form 3, 4 or 5 or Form 144 and any amendments thereto or other required reports and timely file such forms or reports with the SEC and any stock exchange or similar authority as considered necessary or advisable under Section 16(a) of the Exchange Act or Rule 144 under the Securities Act; and (5) take any other action of any type whatsoever in connection with the foregoing that, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact's sole discretion.

------

![](section16poaborr-magnus002.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;The undersigned hereby acknowledges that: (i) the foregoing attorneys-in-fact are serving in such capacity at the request of the undersigned; (ii) this Power of Attorney authorizes, but does not require, each such attorney-in-fact to act in his or her discretion on information provided to such attorney-in-fact without independent verification of such information; (iii) any documents prepared and/or executed by any attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such information and disclosure as such attorney-in-fact, in his or her sole discretion, deems necessary or advisable; (iv) neither the Company nor any attorney-in-fact assumes (a) any liability for the undersigned's responsibility to comply with the requirements of the Exchange Act or the Securities Act, (b) any liability of the undersigned for any failure to comply with such requirements or (c) any obligation or liability of the undersigned for profit disgorgement under Section 16(b) of the Exchange Act; and (v) this Power of Attorney does not relieve the undersigned from responsibility for compliance with the undersigned's obligations under the Exchange Act or the Securities Act, including, without limitation, the reporting requirements under Section 16(a) of the Exchange Act. This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4 and 5 or Form 144 with respect to the undersigned's holdings of, and transactions in, securities issued by the Company, unless earlier revoked as to any attorneyin- fact by the undersigned in a signed writing delivered to such attorney-in-fact. [Signature Page Follows]

------

![](section16poaborr-magnus003.jpg)

2 IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 18th day of February, 2026. By: /S/ Magnus Vaaler Name: Magnus Vaaler [Signature Page to Power of Attorney]

------

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 3

### INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Vaaler Magnus<br><sub>(Last) (First) (Middle)</sub><br>C/O BORR DRILLING LIMITED<br>2ND FLOOR 9 PAR-LA-VILLE ROAD<br><sub>(Street)</sub><br>HAMILTON, BERMUDA HM11<br><sub>(City) (State) (Zip)</sub> | **3. Issuer Name and Ticker or Trading Symbol**<br>Borr Drilling Ltd [ BORR ] | **5. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  |
| **2. Date of Event Requiring Statement (Month/Day/Year)**<br>2026-03-18 | **4. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director   [ ] 10% Owner<br>[X] Officer (give title below)   [ ] Other (specify below)<br>_Chief Financial Officer_ | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities Beneficially Owned

---

|  |  |  |  |
| --- | --- | --- | --- |
| 1. Title of Security | 2. Amount of Securities Beneficially Owned | 3. Ownership Form | 4. Nature of Indirect Beneficial Ownership |
| Common Shares | 143000 | D |  |
| Common Shares | 0<sup>(1)</sup> | D |  |
| Common Shares | 0<sup>(2)</sup> | D |  |
| Common Shares | 0<sup>(3)</sup> | D |  |

---

## Table II - Derivative Securities Beneficially Owned

---

|  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Underlying Securities | 3. Title and Amount of Underlying Securities | 4. Conversion or Exercise Price | 5. Ownership Form | 6. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 4. Conversion or Exercise Price | 5. Ownership Form | 6. Nature of Indirect Beneficial Ownership |
| Employee Stock Option to Purchase Common Shares | 2025-08-15<sup>(4)</sup> | 2029-08-15 | Common Shares | 75000 | $6.54 | D |  |
| Employee Stock Option to Purchase Common Shares | 2026-08-15<sup>(4)</sup> | 2029-08-15 | Common Shares | 75000 | $6.54 | D |  |
| Employee Stock Option to Purchase Common Shares | 2027-08-15<sup>(4)</sup> | 2029-08-15 | Common Shares | 75000 | $6.54 | D |  |
| Employee Stock Option to Purchase Common Shares | 2025-03-01<sup>(5)</sup> | 2028-11-17 | Common Shares | 100000 | $6.31 | D |  |
| Employee Stock Option to Purchase Common Shares | 2026-03-01<sup>(5)</sup> | 2028-11-17 | Common Shares | 100000 | $6.31 | D |  |
| Employee Stock Option to Purchase Common Shares | 2027-03-01<sup>(5)</sup> | 2028-11-17 | Common Shares | 100000 | $6.31 | D |  |
| Employee Stock Option to Purchase Common Shares | 2024-03-01<sup>(6)</sup> | 2027-09-01 | Common Shares | 133334 | $3.66 | D |  |
| Employee Stock Option to Purchase Common Shares | 2025-03-01<sup>(6)</sup> | 2027-09-01 | Common Shares | 133333 | $4.41 | D |  |
| Employee Stock Option to Purchase Common Shares | 2026-03-01<sup>(6)</sup> | 2027-09-01 | Common Shares | 133333 | $5.16 | D |  |
| Employee Stock Option to Purchase Common Shares | 2023-08-12<sup>(7)</sup> | 2026-08-12 | Common Shares | 183334 | $1.66 | D |  |
| Employee Stock Option to Purchase Common Shares | 2024-08-12<sup>(7)</sup> | 2026-08-12 | Common Shares | 183333 | $1.66 | D |  |
| Employee Stock Option to Purchase Common Shares | 2025-08-12<sup>(7)</sup> | 2026-08-12 | Common Shares | 183333 | $1.66 | D |  |

---

### Footnotes:

(1) 41,237 RSUs that vest on September 1, 2026 and are conditional on the grantee remaining in continuous employment with the Company

(2) 41,237 RSUs that vest on September 1, 2027 and are conditional on the grantee remaining in continuous employment with the Company

(3) 41,237 RSUs that vest on September 1, 2028 and are conditional on the grantee remaining in continuous employment with the Company

(4) Grant of options on August 15, 2024 - options 1/3 vest every August 15 between 2025 and 2027 with strike price as at date of filing

(5) Grant of options on November 17, 2023 - options 1/3 vest every March 1 between 2025 and 2027 with strike price as at date of filing

(6) 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

(7) 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

**Signature:** /s/ Temi Bankole as attorney-in-fact  
**Date:** 2026-03-18

### Remarks:

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 4 (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.**