VARDE PARTNERS INC - 11 Sep 2025 Form 4 Insider Report for NABORS INDUSTRIES LTD (NBR)

Reporting relationship: 10%+ Owner
Issuer ticker: NBR
Reported as of: 11 Sep 2025
Net transaction value: -$12,819,603
SEC form: 4
Accepted by SEC: 15 Sep 2025, 19:35:12 UTC
Prior SEC filing: 02 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 for NABORS INDUSTRIES LTD (NBR) on 15 Sep 2025.

Key facts

This page summarizes VARDE PARTNERS INC's Form 4 filing for NABORS INDUSTRIES LTD (NBR).
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 15 Sep 2025, 19:35.

Change

Previous filing in this sequence was filed on 02 Sep 2025.
Current net transaction value: -$12,819,603.

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

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: 15 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: 15 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: 15 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: The 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: 15 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: 15 Sep 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

NBR transaction

Common Shares

Sale

Transaction value: $12,507,318
Shares: -305,000
Change %: -18%
Price: $41.01
Shares after: 1,413,430
Date: 11 Sep 2025
Ownership: See footnotes
Footnotes: F1, F2, F3

NBR transaction

Common Shares

Sale

Transaction value: $312,285
Shares: -7,378
Change %: -0.52%
Price: $42.33
Shares after: 1,406,052
Date: 11 Sep 2025
Ownership: See footnotes
Footnotes: F1, F2, F3

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

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

VARDE PARTNERS INC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 3 footnotes

Footnote F1

After giving effect to the sales reported in this Statement, the common shares are directly held as follows: 76,687 by Varde Investment Partners (Offshore) Master, L.P., 923,304 by Varde Credit Partners Master, L.P., 224,946 by Varde Investment Partners, L.P., 181,115 by The Varde Skyway Master Fund, L.P.

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. 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.