William Restrepo - Nov 19, 2021 Form 4 Insider Report for Nabors Energy Transition Corp. (NETC)

Role: Chief Financial Officer
Signature: /s/ William J. Restrepo, by Michael Rasmuson as attorney-in-fact
Stock symbol: NETC
Transactions as of: Nov 19, 2021
Transactions value $: $15,000
Form type: 4
Date filed: 11/23/2021, 03:11 PM
Previous filing: Nov 16, 2021
Next filing: Jan 4, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NETC	Class A Common Stock	Purchase	$5K	+500		$10.00	500	Nov 19, 2021	By child	F1, F2
transaction	NETC	Class A Common Stock	Purchase	$10K	+1K		$10.00	1K	Nov 19, 2021	By child	F1, F2

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

Explanation of Responses:

Id	Content
F1	Represents part of units of the Issuer purchased through the Issuer's directed unit program in connection with the Issuer's initial public offering. Each unit consists of one share of the Issuer's Class A common stock and one-half of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one share of the Issuer's Class A common stock at an exercise price of $11.50 per share. The warrants will become exercisable 30 days after the completion of the Issuer's initial business combination. The warrants will expire five years after the completion of the Issuer's initial business combination or earlier upon redemption or liquidation, as described in the prospectus for the Issuer's initial public offering.
F2	The Reporting Person disclaims beneficial ownership of all shares of Class A common stock reported except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

Content

Represents part of units of the Issuer purchased through the Issuer's directed unit program in connection with the Issuer's initial public offering. Each unit consists of one share of the Issuer's Class A common stock and one-half of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one share of the Issuer's Class A common stock at an exercise price of $11.50 per share. The warrants will become exercisable 30 days after the completion of the Issuer's initial business combination. The warrants will expire five years after the completion of the Issuer's initial business combination or earlier upon redemption or liquidation, as described in the prospectus for the Issuer's initial public offering.

The Reporting Person disclaims beneficial ownership of all shares of Class A common stock reported except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.