Darin Gibbins - Sep 3, 2021 Form 3 Insider Report for Valaris Ltd (VAL)

Role: Interim CFO and VP
Signature: /s/ Davor Vukadin, by power-of-attorney
Stock symbol: VAL
Transactions as of: Sep 3, 2021
Transactions value $: $0
Form type: 3
Date filed: 9/7/2021, 04:52 PM
Next filing: Jul 8, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	VAL	Common Shares						14.8K	Sep 3, 2021	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
holding	VAL	Warrants to purchase Common Shares							Sep 3, 2021	Common Shares	185	$131.88	Direct

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

Explanation of Responses:

Id	Content
F1	Consists of a one-time grant of 14,799 restricted stock units, which will vest ratably in three installments on each of the first three anniversaries of the date of grant, with settlement of all vested restricted stock units generally deferred until the third anniversary of the date of grant. The date of grant was July 19, 2021.