Kristian Johansen - Jun 12, 2025 Form 4 Insider Report for Valaris Ltd (VAL)

Role: Director
Signature: /s/ Andrew Campbell, power-of-attorney
Stock symbol: VAL
Transactions as of: Jun 12, 2025
Transactions value $: -$44,962
Form type: 4
Date filed: 6/16/2025, 04:55 PM
Previous filing: Jun 12, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Johansen Kristian	Director	C/O CLARENDON HOUSE 2, CHURCH STREET, HAMILTON, BERMUDA	/s/ Andrew Campbell, power-of-attorney	2025-06-16	0001980204

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VAL	Common Shares	Options Exercise	$0	+2.46K	+77.73%	$0.00	5.63K	Jun 12, 2025	Direct
transaction	VAL	Common Shares	Disposed to Issuer	-$45K	-986	-17.5%	$45.60	4.65K	Jun 12, 2025	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	VAL	Restricted Stock Units	Options Exercise	$0	-2.46K	-100%	$0.00	0	Jun 12, 2025	Common Shares	2.46K		Direct	F2
transaction	VAL	Restricted Stock Units	Award	$0	+4.86K		$0.00	4.86K	Jun 13, 2025	Common Shares	4.86K		Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the portion of restricted stock units that were cash settled in accordance with the terms of the reporting person's equity award agreement.
F2	Each restricted stock unit represents the right to receive one Valaris common share, the cash value thereof, or a combination of shares and cash, in accordance with the grant agreements and at the election of the reporting person.
F3	Each restricted stock unit represents the right to receive one Valaris common share, the cash value thereof, or a combination of shares and cash, in accordance with the grant agreements and at the election of the reporting person. Consists of 4,860 restricted stock units, representing the recipient's annual equity retainer, which will vest in full on the earlier of the first anniversary of the date of grant or the next annual meeting of the Company's shareholders.