Borr Drilling (BORR) COO Snowling Sells $1.5M of Stock
Borr Drilling's COO, Harvey Snowling, sold 300,000 shares for $1.47 million on October 14, 2026.
Reviewed by automated data checks against the source filing. How we make and check alerts
Harvey Edward Snowling, Chief Operating Officer at Borr Drilling Limited ($BORR), sold 300,000 shares at an average price of $4.91, worth about $1.47 million, on October 14, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $BORR is down 3.0% to date (from the $4.68 close on Oct 14, 2026).
BORR
Borr Drilling Limited
Key Points
- Harvey Edward Snowling, COO of Borr Drilling Limited, sold 300,000 shares on October 14, 2026, for about $1.47 million at a price of $4.91 each.
- The stock recently traded around $4.62, which is below its 52-week high of $6.66 but above its low of $2.53.
- Borr Drilling has a market cap of about $1.4 billion and a forward P/E ratio of 56.1, indicating high growth expectations despite recent revenue challenges.
Get $BORR trade alerts by text
We text you when insiders, Congress or big funds trade $BORR. Free.
Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Borr Drilling Limited alert may contain errors. Disclosures
Harvey Edward Snowling, the Chief Operating Officer of Borr Drilling Limited (NYSE: BORR), sold 300,000 shares on October 14, 2026, for a total value of about $1.47 million at a price of $4.91 per share.
Inside Harvey Edward Snowling's Trade
Snowling's sale occurred on the same day he bought 300,000 shares. This transaction was not part of a planned sale. The shares sold represent a significant transaction for an insider at the company.
Other Institutional Activity in Borr Drilling
Several other institutional investors have recently made moves in Borr Drilling. Blackrock Inc. reduced its holdings by 1,945,954 shares, ending with 14,686,129 shares worth approximately $66.7 million. Shaw D.E. & Co., Inc. increased its stake by 1,007,382 shares, totaling 7,248,907 shares valued at around $32.9 million. Meanwhile, Sona Asset Management (US) LLC added 3,025,000 shares, bringing its total to 6,050,000 shares worth about $27.5 million.
Borr Drilling Limited Stock Up 1.4%
As of October 16, 2026, Borr Drilling shares were recently trading around $4.62, which is below the 50-day moving average of $4.35 but above the 200-day average of $4.89. The stock is also 30.6% below its 52-week high of $6.66, while being 82.5% above its low of $2.53. This positioning suggests a mixed sentiment among investors.
Recent Earnings
Borr Drilling reported trailing twelve-month revenue of $1.02 billion, but it faced challenges with a year-over-year revenue decline of 13.2%. The company has a negative net margin of 24.0% and a return on equity of -24.7%. Its next earnings report is set for November 18, 2026.
Insider Buying and Selling at Borr Drilling Limited
On the same day as Snowling's sale, Director Troim Tor Olav also made a significant move, purchasing 750,000 shares for about $3.54 million at an average price of $4.72 per share. Earlier, he bought 1.5 million shares on October 13, valued at approximately $7.4 million, and 2.5 million shares on October 9, totaling around $11.84 million.
About Borr Drilling
Borr Drilling Limited is an offshore drilling contractor for the oil and gas industry, operating jack-up rigs in shallow-water areas across various regions including the Americas and Europe. The company focuses on providing drilling services, equipment, and crews for oil and gas exploration and production.
Bottom Line
Investors should watch for Borr Drilling's upcoming earnings report on November 18, 2026, to gauge its performance amid recent insider trading activity. Snowling's sale and Olav's purchases highlight ongoing interest from company leadership, reflecting different perspectives on the company's future.
Related Filing Alerts
Source: Harvey Edward Snowling's Form 4 filing on $BORR (Oct 14, 2026). Find the original filing: BORR Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts