Greens Road Energy II LLC - Jul 13, 2023 Form 3 Insider Report for Nabors Energy Transition Corp. II (NETDU)

Role: 10%+ Owner
Signature: /s/ Greens Road Energy II LLC, by Michael Rasmuson as Attorney-in-Fact
Stock symbol: NETDU
Transactions as of: Jul 13, 2023
Transactions value $: $0
Form type: 3
Date filed: 7/13/2023, 06:34 PM
Next filing: Aug 28, 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	NETDU	Class F Ordinary Shares							Jul 13, 2023	Class B Ordinary Shares	8.53M		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 Class F Ordinary Shares are automatically convertible into the Issuer's Class B Ordinary Shares 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 Class B Ordinary Shares will be convertible, at the option of the holder, into the Issuer's Class A Ordinary Shares.
F2	Includes 1,125,000 Class F Ordinary Shares 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 II LLC (the "Sponsor") is the record holder of the shares reported herein. The Sponsor is owned by Greens Road Energy II LLC, a Cayman Islands 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 ordinary shares 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.

Remarks:

Exhibit List: 24.1 - Power of Attorney