Nabors Lux 2 S.a.r.l. - Jun 25, 2024 Form 4 Insider Report for Nabors Energy Transition Corp. II (NETD)

Role
10%+ Owner
Signature
/s/ Nabors Lux 2 S.a.r.l., by Michael Csizmadia as Attorney-in-Fact
Stock symbol
NETD
Transactions as of
Jun 25, 2024
Transactions value $
$0
Form type
4
Date filed
6/26/2024, 05:31 PM
Previous 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
transaction NETD Class F Ordinary Shares Other $0 -50K -0.66% $0.00 7.48M Jun 25, 2024 Class B Ordinary Shares 50K 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 On June 25, 2024, Nabors Energy Transition Sponsor II LLC (the "Sponsor") transferred 50,000 Class F Ordinary Shares owned by it to Colin Richardson in connection with his appointment as a director of the Issuer.
F3 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