Nabors Lux 2 S.a.r.l. 3
3 · Nabors Energy Transition Corp. · Filed Nov 16, 2021
Insider Transaction Report
Form 3
Nabors Lux 2 S.a.r.l.
10% Owner
Holdings
- (indirect: See footnote)
Class F Common Stock
→ Class B Common Stock (6,725,000 underlying)
Footnotes (3)
- [F1]The shares of Class F Common Stock are automatically convertible into shares of the Issuer's 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 Class B Common Stock will be convertible, at the option of the holder, into shares of the Issuer's Class A Common Stock.
- [F2]Includes 900,000 shares of Class F Common Stock that are subject to forfeiture if the underwriters in the Issuer's initial public offering of units do not exercise their over-allotment option in full.
- [F3]Nabors Energy Transition Sponsor LLC (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 LLC, a Delaware 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 common stock 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.