BORR Borr Drilling Ltd
Price Chart
Executive Summary
A mixed insider cluster at Borr Drilling shows Director Troim Tor Olav buying $5.0M worth of shares while Director Thiago Mordehachvili sold $37.6M worth on the same day. The sell-side dominates by dollar value at 2.7% of market cap, but the buy-side is a meaningful open-market purchase by a director. The cluster is notable for its size and timing, but the net direction is heavily skewed toward selling.
Key Financial Metrics
Actionable Insight
The massive $37.6M sale by Director Mordehachvili at 2.7% of market cap is a strong bearish signal, especially given the simultaneous $5.0M buy by another director. The asymmetry in dollar value and the same-day timing suggest the sell may reflect material non-public concerns. Monitor for upcoming earnings, operational updates, or debt-related news. The historical win rate on BORR reports is 67% at T+20, but the score calibration shows score-6 reports have only a 34% probability of positive T+20 alpha — bias toward caution.
Key Facts
- Director Troim Tor Olav purchased 1,063,000 shares at $4.70 for $5.0M on June 9, 2026.
- Director Thiago Mordehachvili sold 8,000,000 shares at $4.70 for $37.6M on June 9, 2026.
- Total insider cluster value: $42.6M; net direction is mixed but sell-side dominates at 88% of total dollar value.
- The $37.6M sale represents approximately 2.7% of Borr Drilling's $1.4B market cap, a highly material amount.
- The $5.0M purchase represents approximately 0.36% of market cap, a modest but notable buy.
- Both trades occurred on the same day, suggesting shared awareness of material information.
Financial Impact
Net insider selling of $32.6M (sell $37.6M minus buy $5.0M), representing 2.3% of market cap. The sell-side alone is 2.7% of market cap, exceeding the 2% materiality threshold.
Risk Factors
- The $37.6M sale by a director could signal impending negative news (e.g., weak fleet utilization, contract cancellations, or liquidity issues).
- The simultaneous buy by another director creates ambiguity — the net bearish signal may be partially offset if the buy is informed by positive developments.
- The sale may be part of a pre-arranged 10b5-1 plan, but no such plan is disclosed in the filing.
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-BORR-1781093624886 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 11, 2026
2d ago
|
6-K
| $4.60 awaiting T+5 | awaiting T+5 | — | $4.58 (−0.43%) |
|
Jun 10, 2026
3d ago
|
Insider Cluster
| $4.55 awaiting T+5 | awaiting T+5 | — | $4.58 (−0.66%) |
|
Jun 9, 2026
3d ago
|
6-K
| $4.54 awaiting T+5 | awaiting T+5 | — | $4.58 (+0.99%) |
|
May 28, 2026
16d ago
|
6-K
| $5.07 $5.05 | ▼ −0.39% | ▼ −0.71% | $4.58 (−9.66%) |
|
May 26, 2026
17d ago
|
6-K
| $5.33 $5.20 | ▼ −2.44% | ▼ −3.52% | $4.58 (−14.07%) |
|
May 26, 2026
17d ago
|
6-K
| $5.33 $5.20 | ▼ −2.44% | ▼ −3.52% | $4.58 (−14.07%) |
|
May 26, 2026
17d ago
|
6-K
| $5.33 $5.20 | ▼ −2.44% | ▼ −3.52% | $4.58 (−14.07%) |
|
May 21, 2026
22d ago
|
6-K
| $5.64 $5.07 | ▲ +10.11% | ▲ +11.71% | $4.58 (+18.79%) |
|
May 21, 2026
22d ago
|
6-K
| $5.64 $5.07 | ▲ +10.11% | ▲ +11.71% | $4.58 (+18.79%) |
|
May 20, 2026
23d ago
|
6-K
| $6.18 $5.04 | ▼ −18.45% | ▼ −19.68% | $4.58 (−25.89%) |
US Market Status
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