4//SEC Filing
SIERRA GUILLERMO 4
Accession 0001104659-23-127431
CIK 0001854458other
Filed
Dec 18, 7:00 PM ET
Accepted
Dec 19, 8:37 PM ET
Size
10.1 KB
Accession
0001104659-23-127431
Insider Transaction Report
Form 4
SIERRA GUILLERMO
VP, Energy Transition
Transactions
- Gift
Class F Common Stock
2023-12-14−13,700→ 50,232 total→ Class A Common Stock (13,700 underlying) - Disposition to Issuer
Class F Common Stock
2023-12-18−50,232→ 0 total→ Class A Common Stock (50,232 underlying)
Footnotes (4)
- [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.
- [F2]On December 14, 2023, Nabors Energy Transition Sponsor LLC effectuated a pro rata distribution of 4,325,000 of its shares of NETC Class F Common Stock, of which 1,946,250 shares were distributed to Greens Road Energy LLC ("Greens Road," and such distribution, the "Sponsor Distribution"). Following the Sponsor Distribution, Greens Road effectuated a pro rata distribution to its members, including the Reporting Person, pursuant to which the Reporting Person received 63,932 shares.
- [F3]On December 14, 2023, the Reporting Person made bona fide gifts for no consideration of an aggregate 13,700 shares of the Issuer's Class F Common Stock.
- [F4]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.
Documents
Issuer
Nabors Energy Transition Corp.
CIK 0001854458
Entity typeother
Related Parties
1- filerCIK 0001621015
Filing Metadata
- Form type
- 4
- Filed
- Dec 18, 7:00 PM ET
- Accepted
- Dec 19, 8:37 PM ET
- Size
- 10.1 KB