VARDE PARTNERS INC - 04 Jun 2025 Form 4/A - Amendment Insider Report for NABORS INDUSTRIES LTD (NBR)

Reporting relationship: 10%+ Owner
Issuer ticker: NBR
Reported as of: 04 Jun 2025
Net transaction value: $0
SEC form: 4/A - Amendment
Accepted by SEC: 02 Sep 2025, 16:30:21 UTC
Original report date: 22 Jul 2025
Prior SEC filing: 18 Mar 2025
Next SEC filing: 15 Sep 2025
Source filing: View source filing
Reporting owner signature: Varde Investment Partners (Offshore) Master, L.P. By: Varde Investment Partners G.P., L.P., its GP By: Varde Investment Partners UGP, LLC, its GP By: Varde Partners, L.P., its Managing Member By: Varde Partners, Inc.,...

Open signature details

Varde Investment Partners (Offshore) Master, L.P. By: Varde Investment Partners G.P., L.P., its GP By: Varde Investment Partners UGP, LLC, its GP By: Varde Partners, L.P., its Managing Member By: Varde Partners, Inc., its GP /s/ Andrew Malone, GC

Key filing fact

VARDE PARTNERS INC filed Form 4/A - Amendment for NABORS INDUSTRIES LTD (NBR) on 02 Sep 2025.

Key facts

This page summarizes VARDE PARTNERS INC's Form 4/A - Amendment filing for NABORS INDUSTRIES LTD (NBR).
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 02 Sep 2025, 16:30.

Change

Previous filing in this sequence was filed on 18 Mar 2025.
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/A - Amendment disclosures.

View source filing

Reporting Owners (5)

CIK 0001054846 Primary reporting owner

VARDE PARTNERS INC

Relationship: 10%+ Owner
Address: C/O VARDE PARTNERS, INC., 520 MADISON AVE, 34TH FLOOR, NEW YORK
Signature: Varde Investment Partners (Offshore) Master, L.P. By: Varde Investment Partners G.P., L.P., its GP By: Varde Investment Partners UGP, LLC, its GP By: Varde Partners, L.P., its Managing Member By: Varde Partners, Inc., its GP /s/ Andrew Malone, GC
Signature date: 02 Sep 2025

CIK 0001705023

Varde Investment Partners (Offshore) Master, L.P.

Relationship: 10%+ Owner
Address: C/O VARDE PARTNERS, INC., 520 MADISON AVE, 34TH FLOOR, NEW YORK
Signature: Varde Credit Partners Master, L.P. By: Varde Credit Partners G.P., L.P., its GP By: Varde Credit Partners UGP, LLC, its GP By: Varde Partners, L.P., its Managing Member By: Varde Partners, Inc., its GP /s/ Andrew Malone, GC
Signature date: 02 Sep 2025

CIK 0001744511

Varde Credit Partners Master, L.P.

Relationship: 10%+ Owner
Address: C/O VARDE PARTNERS, INC., 520 MADISON AVE, 34TH FLOOR, NEW YORK
Signature: Varde Investment Partners, L.P. By: Varde Investment Partners G.P., L.P., its GP By: Varde Investment Partners UGP, LLC, its GP By: Varde Partners, L.P., its Managing Member By: Varde Partners, Inc., its GP /s/ Andrew Malone, GC
Signature date: 02 Sep 2025

CIK 0001452534

VARDE INVESTMENT PARTNERS LP

Relationship: 10%+ Owner
Address: C/O VARDE PARTNERS, INC., 520 MADISON AVE, 34TH FLOOR, NEW YORK
Signature: The Varde Skyway Master Fund, L.P. By: Varde Skyway Fund G.P., L.P., its GP By: The Varde Skyway Fund UGP, LLC, its GP By: Varde Partners, L.P., its Managing Member By: Varde Partners, Inc., its GP /s/ Andrew Malone, GC
Signature date: 02 Sep 2025

CIK 0001704946

Varde Skyway Master Fund, L.P.

Relationship: 10%+ Owner
Address: C/O VARDE PARTNERS, INC., 520 MADISON AVE, 34TH FLOOR, NEW YORK
Signature: Varde Partners, Inc. /s/ Andrew Malone, GC
Signature date: 02 Sep 2025

Reported derivative securities

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

NBR transaction Derivative

Option (Obligation to sell)

Expiration of short derivative position

Transaction value: $0
Shares: -3,745
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 18 Jul 2025
Ownership: See footnotes
Underlying class: Common Shares
Underlying amount: 374,500
Exercise price
Footnotes: F1, F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

This amendment is being filed solely to report disgorgement by the Reporting Persons to the Issuer, pursuant to Rule 16b-6(d), of $833,738, representing the aggregate premiums received for writing call options that, as reported on the Form 4 filed by the Reporting Persons on July 22, 2025 (the "Original Form 4"), expired within six months of writing. In this regard, 2,743 NBR US Call 35 option contracts written by the Reporting Persons with a VWAP of $248 (not $249 as reflected in the Original Form 4) and 1,002 NBR US Call 40 option contracts written by the Reporting Persons with a VWAP of $153 (not $154 as reflected in the original Form 4), expired on July 18, 2025, which was within six months of writing.

Footnote F2

Varde Investment Partners G.P., L.P. ("VIP GP") is the general partner of each of Varde Investment Partners (Offshore) Master, L.P. and Varde Investment Partners, L.P., and Varde Investment Partners UGP, LLC ("VIP UGP") is the general partner of VIP GP. Varde Credit Partners G.P., L.P. ("Credit Partners GP") is the general partner of Varde Credit Partners Master, L.P., and Varde Credit Partners UGP, LLC ("Credit Partners UGP") is the general partner of Credit Partners GP. The Varde Skyway Fund G.P., L.P. ("Skyway GP") is the general partner of The Varde Skyway Master Fund, L.P., and The Varde Skyway Fund UGP, LLC ("Skyway UGP") is the general partner of Skyway GP. Varde Partners, L.P. ("VPLP") is the managing member of Credit Partners UGP, VIP UGP, and Skyway UGP. Varde Partners, Inc. ("General Partner") is the general partner of VPLP.

Footnote F3

Each of the Reporting Persons disclaims beneficial ownership except to the extent of their pecuniary interest therein, and the filing of this Form 4 shall not be construed as an admission that any Reporting Person is the beneficial owner of any or all of the reported securities for the purposes of Section 16 or for any other purpose.