Bofa Securities, Inc. - Dec 18, 2023 Form 4 Insider Report for Nabors Energy Transition Corp. (NETC)

Role
Former 10% Owner
Signature
Andres Ortiz, Authorized Signatory on behalf of (BofA Securities, Inc.)
Stock symbol
NETC
Transactions as of
Dec 18, 2023
Transactions value $
-$10,010
Form type
4
Date filed
12/20/2023, 02:54 PM
Previous filing
Dec 20, 2023

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 NETC Warrants Other -$2.99K -29.9K -29.87% $0.10* 70.2K Dec 18, 2023 Class A common stock 29.9K $11.50 By Subsidiary F1, F2, F3
transaction NETC Warrants Other -$7.02K -70.2K -100% $0.10* 0 Dec 18, 2023 Class A common stock 70.2K $11.50 By Subsidiary F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Bofa Securities, Inc. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Open market sale of warrants.
F2 Non-rounded trade price is $0.09984.
F3 Bank of America Corporation held an indirect interest in the securities listed in Table II by virtue of its indirect ownership of its subsidiary BofA Securities, Inc.
F4 As mentioned in the Form 3 submitted by the Reporting Persons on 12/20/2023, the Reporting Persons became a 10% beneficial owner solely due to the redemption of 9,762,392 Class A common stock by shareholders as announced by the Issuer in the Form 8-K filed on 12/15/2023 (the "Redemptions"). The Reporting Persons has only executed the reported transactions, disposing of all warrants owned, since the Form 3 filing.