4//SEC Filing
Nabors Energy Transition Sponsor LLC 4
Accession 0001104659-23-127438
CIK 0001854458other
Filed
Dec 18, 7:00 PM ET
Accepted
Dec 19, 8:43 PM ET
Size
10.0 KB
Accession
0001104659-23-127438
Insider Transaction Report
Form 4
Nabors Energy Transition Sponsor LLC
10% Owner
Transactions
- Other
Class F Common Stock
2023-12-14−4,325,000→ 2,400,000 total→ Class A Common Stock (4,325,000 underlying) - Disposition to Issuer
Class F Common Stock
2023-12-18−2,400,000→ 0 total→ Class A Common Stock (2,400,000 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 to its members.
- [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 ("Greens Road"). Nabors Lux 2 S.a.r.l. is a wholly owned subsidiary of Nabors Industries Ltd., an affiliate of the Sponsor ("Nabors"). Anthony G. Petrello is the Chairman, President and Chief Executive Officer of Nabors. Greens Road is controlled by Anthony G. Petrello. As such, Nabors Lux 2 S.a.r.l., Greens Road and Anthony G. Petrello may be deemed to have or share beneficial ownership of the common stock held directly by the Sponsor.
- [F4]The shares reported herein were disposed of in transactions in connection with the closing of the business combination (the "Business Combination") between the Issuer, Vast, Neptune Merger Sub, Inc. ("Merger Sub"), the Sponsor and Nabors on December 18, 2023.
Documents
Issuer
Nabors Energy Transition Corp.
CIK 0001854458
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001869933
Filing Metadata
- Form type
- 4
- Filed
- Dec 18, 7:00 PM ET
- Accepted
- Dec 19, 8:43 PM ET
- Size
- 10.0 KB