Nabors Lux 2 S.a.r.l. - Jul 13, 2023 Form 3 Insider Report for Nabors Energy Transition Corp. II (NETDU)

Role
10%+ Owner
Signature
/s/ Nabors Lux 2 S.a.r.l., 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, 06:35 PM
Previous filing
Nov 16, 2021
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 Nabors Lux 2 S.a.r.l. and Greens Road Energy II LLC, a Cayman Islands limited liability company. Nabors Lux 2 S.a.r.l. is a wholly owned subsidiary of Nabors Industries Ltd. and affiliate of the Sponsor. As such, Nabors Lux 2 S.a.r.l. may be deemed to have or share beneficial ownership of the ordinary shares held by the Sponsor. Nabors Lux 2 S.a.r.l. 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