The combination of a director buying $13.2M and the COO buying $1.5M in open-market transactions within a week signals strong conviction from those closest to the business. Monitor for any upcoming operational updates, charter contract announcements, or earnings that may have motivated this concentrated buying.
Price Chart
Executive Summary
Director Tor Olav Troim purchased 2.75M shares ($13.24M) and COO Harvey Edward Snowling bought 300K shares ($1.47M) in open-market transactions over Oct 7-15, 2026. The combined $14.71M in insider buying represents approximately 0.5% of Borr Drilling's market cap, a significant cluster of conviction buying by both a director and a C-suite officer.
Key Financial Metrics
Key Facts
- Director Tor Olav Troim purchased 2,750,000 shares across three open-market buys totaling $13,243,300 at prices between $4.60 and $4.93.
- COO Harvey Edward Snowling purchased 300,000 shares in an open-market buy for $1,473,000 at $4.91.
- Total insider buying in the cluster is $14,716,300, representing ~0.5% of market cap.
- All transactions were open-market purchases (code P) with no 10b5-1 plan indication.
- The cluster spans October 7-15, 2026, with the largest single purchase ($7.4M) on October 13.
Financial Impact
Total insider purchases of $14.7M represent ~0.5% of market cap, a material signal from both a director and a C-suite officer.
Risk Factors
- Insider buying does not guarantee near-term stock performance; the stock may face sector headwinds or macro risks.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-BORR-1792160666944 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 6-K | $4.07 | awaiting T+5 | — | $3.96 (+2.71%) |
Oct 16, 2026 10d ago | Insider Cluster | $4.54 $4.40 | ▼ −3.08% | ▼ −2.65% | $3.96 (−12.78%) |
Oct 16, 2026 10d ago | 6-K | $4.54 $4.40 | ▼ −3.08% | ▼ −3.18% | $3.96 (−12.78%) |
Oct 15, 2026 11d ago | SC 13D/A | $4.54 $4.40 | ▼ −3.08% | ▼ −2.65% | $3.96 (−12.78%) |
Oct 13, 2026 13d ago | SC 13D | $4.68 $4.22 | ▼ −9.83% | ▼ −10.28% | $3.96 (−15.38%) |
Oct 1, 2026 25d ago | 6-K | $4.05 $4.61 | ▲ +13.83% | ▲ +12.53% | $3.96 (−2.22%) |
Sep 21, 2026 5w ago | Insider Cluster | $4.43 $4.01 | ▼ −9.48% | ▼ −8.46% | $3.96 (−10.61%) |
Sep 16, 2026 5w ago | 6-K | $4.23 $4.36 | ▲ +3.07% | ▲ +1.25% | $3.96 (−6.38%) |
Sep 15, 2026 5w ago | Press Release | $4.23 $4.36 | ▲ +3.07% | ▲ +1.25% | $3.96 (−6.38%) |
Sep 15, 2026 5w ago | 6-K | $4.36 $4.46 | ▲ +2.29% | ▲ +1.48% | $3.96 (−9.17%) |
US Market Status
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