Greens Road Energy II LLC - Jun 25, 2024 Form 4 Insider Report for Nabors Energy Transition Corp. II (NETD)

Role
10%+ Owner
Signature
/s/ Greens Road Energy II LLC, 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, 05:32 PM
Previous 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
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 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