Form 4: Nabors Energy Transition Sponsor II LLC Reports Change in Beneficial Ownership

Nabors Energy Transition Sponsor II LLC reports the transfer of 50,000 Class F Ordinary Shares to a new director and updates its beneficial ownership.

Summary

• On June 25, 2024, Nabors Energy Transition Sponsor II LLC reported a change in beneficial ownership of Nabors Energy Transition Corp. II shares.
• The reporting person transferred 50,000 Class F Ordinary Shares to Colin Richardson in connection with his appointment as a director of the issuer.
• Following the transaction, the reporting person beneficially owns 7,475,000 Class B Ordinary Shares.
• The Class F Ordinary Shares are automatically convertible into Class B Ordinary Shares upon the issuer's initial business combination on a one-for-one basis, subject to anti-dilution adjustments.
• The reporting person is the record holder of the shares, and its ownership structure involves Nabors Lux 2 S.a.r.l., Greens Road Energy II LLC, and Anthony G. Petrello, who may be deemed to have or share beneficial ownership.

Sentiment

Score: 7

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. The transfer of shares is related to a director appointment, which is a normal business operation.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership, which is common for companies with significant shareholders and recent corporate actions like director appointments.

Management Changes

Stakeholder Impact

• The appointment of a new director could potentially impact the company's strategic direction and governance.
• The transfer of shares may have a minor impact on the ownership structure.

Key Dates