Greens Road Energy LLC - Nov 16, 2021 Form 3 Insider Report for Nabors Energy Transition Corp. (NETC)

Role
10%+ Owner
Signature
/s/ Greens Roads Energy LLC, by Anthony G. Petrello, as Manager of Remington SPAC I, LLC
Stock symbol
NETC
Transactions as of
Nov 16, 2021
Transactions value $
$0
Form type
3
Date filed
11/16/2021, 08:07 PM
Next filing
Dec 19, 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
holding NETC Class F Common Stock Nov 16, 2021 Class B Common Stock 6.73M See footnote F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Class F Common Stock are automatically convertible into shares of the Issuer's Class B Common Stock at the time of the Issuer's initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, and have no expiration date. Prior to and following the Issuer's initial business combination, the shares of Class B Common Stock will be convertible, at the option of the holder, into shares of the Issuer's Class A Common Stock.
F2 Includes 900,000 shares of Class F Common Stock that are subject to forfeiture if the underwriters in the Issuer's initial public offering of units do not exercise their over-allotment option in full.
F3 Nabors Energy Transition Sponsor LLC (the "Sponsor") is the record holder of the shares reported herein. The Sponsor is owned by Greens Road Energy LLC, a Delaware limited liability company ("Greens Road"), and Nabors Lux 2 S.a.r.l. As such, Greens Road may be deemed to have or share beneficial ownership of the common stock held directly by the Sponsor. Greens Road disclaims any beneficial ownership of securities held by the Sponsor other than to the extent of any pecuniary interest it may have therein, directly or indirectly.