Nabors Energy Transition Corp. II Class A Ordinary Shares Form 4 Change in insider ownership

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

BOFA SECURITIES, INC.

(Last) (First) (Middle)

100 NORTH TRYON STREET

(Street)

CHARLOTTE NC 28255

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Nabors Energy Transition Corp. [ NETC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
Former 10% Owner

3. Date of Earliest Transaction (Month/Day/Year)
12/18/2023

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrants	$11.5	12/18/2023		J(1)			29,900	06/08/2022	11/17/2026	Class A common stock	29,900	$0.1(2)	70,200	I	By Subsidiary(3)
Warrants	$11.5	12/18/2023		J(1)			70,200	06/08/2022	11/17/2026	Class A common stock	70,200	$0.1	0(4)	I	By Subsidiary(3)

1. Name and Address of Reporting Person^*

BOFA SECURITIES, INC.

(Last) (First) (Middle)

100 NORTH TRYON STREET

(Street)

CHARLOTTE NC 28255

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

BANK OF AMERICA CORP /DE/

(Last) (First) (Middle)

100 NORTH TRYON STREET

(Street)

CHARLOTTE NC 28255

(City) (State) (Zip)

Explanation of Responses:

1. Open market sale of warrants.

2. Non-rounded trade price is $0.09984.

3. Bank of America Corporation held an indirect interest in the securities listed in Table II by virtue of its indirect ownership of its subsidiary BofA Securities, Inc.

4. As mentioned in the Form 3 submitted by the Reporting Persons on 12/20/2023, the Reporting Persons became a 10% beneficial owner solely due to the redemption of 9,762,392 Class A common stock by shareholders as announced by the Issuer in the Form 8-K filed on 12/15/2023 (the "Redemptions"). The Reporting Persons has only executed the reported transactions, disposing of all warrants owned, since the Form 3 filing.

	Andres Ortiz, Authorized Signatory on behalf of (BofA Securities, Inc.)	12/20/2023
	Andres Ortiz, Authorized Signatory on behalf of (BANK OF AMERICA CORP)	12/20/2023
	** Signature of Reporting Person	Date
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