Maria S. Dreyfus - 16 Nov 2021 Form 3 Insider Report for Nabors Energy Transition Corp. (NETC)

Role: Director
Signature: /s/ Maria Jelescu Dreyfus, by Michael Rasmuson as Attorney-in-Fact
Issuer symbol: NETC
Transactions as of: 16 Nov 2021
Net transactions value: $0
Form type: 3
Filing time: 17 Nov 2021, 05:48:01 UTC
Previous filing: 10 Nov 2021
Next filing: 27 May 2022
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	NETC	Class F Common Stock							16 Nov 2021	Class B Common Stock	75,000		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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. The shares of Class F Common Stock are subject to forfeiture under certain circumstances relating to the Reporting Person's service on the Issuer's Board of Directors. 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.

Content

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. The shares of Class F Common Stock are subject to forfeiture under certain circumstances relating to the Reporting Person's service on the Issuer's Board of Directors. 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.

Remarks:

Exhibit List: 24.1 - Power of Attorney