Maria S. Dreyfus - 18 Dec 2023 Form 4 Insider Report for Nabors Energy Transition Corp.

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
19 Dec 2023, 20:40:11 UTC
Prior SEC filing
19 Dec 2023
Next SEC filing
04 Jan 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
By: /s/ Maria Jelescu Dreyfus

Key filing fact

Maria S. Dreyfus filed Form 4 for Nabors Energy Transition Corp. on 19 Dec 2023.

Key facts

  • This page summarizes Maria S. Dreyfus's Form 4 filing for Nabors Energy Transition Corp..
  • 1 reported transaction and 1 derivative row are listed below.
  • Accepted by SEC: 19 Dec 2023, 20:40.

Change

  • Previous filing in this sequence was filed on 19 Dec 2023.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

NETC transaction Derivative

Class F Common Stock

Disposed to Issuer

Transaction value
Shares
-75,000
Change %
-100%
Price
Shares after
0
Date
18 Dec 2023
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
75,000
Exercise price
Footnotes
F1, F2
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Maria S. Dreyfus is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 2 footnotes

Footnote F1

The shares of the Issuer's Class F common stock, par value $0.0001 per share ("NETC Class F Common Stock"), are automatically convertible into shares of the Issuer's Class B common stock, par value $0.0001 per share ("NETC Class B Common Stock") 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 shares of NETC Class B Common Stock will be convertible, at the option of the holder, into shares of the Issuer's Class A common stock, par value $0.0001 per share.

Footnote F2

In connection with the closing of the business combination (the "Business Combination") between the Issuer, Vast Renewables Limited ("Vast"), Neptune Merger Sub, Inc. ("Merger Sub"), the Sponsor and Nabors on December 18, 2023, whereby, among other things, Merger Sub merged with and into the Issuer and each share of NETC Class F Common Stock, was exchanged for a number of ordinary shares of Vast equal to the Exchange Ratio (as defined in the Business Combination Agreement, dated as of February 14, 2023, by and among the Issuer, Merger Sub, Vast, the Sponsor and Nabors, as amended), each share of NETC Class F Common Stock was automatically cancelled and ceased to exist.

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