4//SEC Filing
Nabors Lux 2 S.a.r.l. 4
Accession 0001104659-23-127439
CIK 0001854458other
Filed
Dec 18, 7:00 PM ET
Accepted
Dec 19, 8:46 PM ET
Size
7.8 KB
Accession
0001104659-23-127439
Insider Transaction Report
Form 4
Nabors Lux 2 S.a.r.l.
10% Owner
Transactions
- Disposition to Issuer
Class F Common Stock
2023-12-18−4,778,750→ 0 total(indirect: See footnote)→ Class A Common Stock (4,778,750 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]Nabors Energy Transition Sponsor LLC (the "Sponsor") is the record holder of 2,400,000 shares of NETC Class F Common Stock reported herein. The Sponsor is owned by Greens Road Energy LLC, a Delaware limited liability company ("Greens Road"), and Nabors Lux 2 S.a.r.l. ("Nabors Lux"). As such, Nabors Lux may be deemed to have or share beneficial ownership of the common stock held directly by the Sponsor. Nabors Lux 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.
- [F3]On December 15, 2023, Sponsor effectuated a pro rata distribution of 4,325,000 of its shares of NETC Class F Common Stock, of which 1,946,250 were distributed to Greens Road and 2,378,750 were distributed to Nabors Lux.
- [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 0001871552
Filing Metadata
- Form type
- 4
- Filed
- Dec 18, 7:00 PM ET
- Accepted
- Dec 19, 8:46 PM ET
- Size
- 7.8 KB