01
Trøim’s vehicle is now above 12% of Borr Drilling. Its standing beneficial-ownership filing still says 8.8%, and this morning’s Form 4 still leaves the 10% Owner box unchecked
Edition 027 flagged this at 10.38% on the 5 October purchase. Four sessions later the gap is wider, not closed. Schedule 13G/A No. 4, filed 5 August for an event date of 30 June 2026, reports 27,185,941 shares and 8.8% of class. After this morning’s filing Drew Holdings Ltd holds 37,285,941 — +10,100,000 shares, +37.2% on that position in fourteen weeks, or 12.09% of class on a 308.51m share count. Inference the denominator is a market-data figure, not one stated in any filing.
The 9 October tranche is also the largest of the run and the most expensive: 2,500,000 shares at $4.7374, against $4.0245 on 13 August. He raised his bid on every tranche and paid the top price for the biggest block.