[Form 4/A] Nabors Industries Ltd. Amended Insider Trading Activity
Amended Form 4 reporting disgorgement of option premiums and related holdings. Varde-affiliated reporting persons amended prior Form 4 to disclose they disgorged $833,738, representing aggregate premiums received for writing call options that expired within six months of writing. The amendment corrects volume-weighted average prices for two sets of written calls: 2,743 NBR Call 35 contracts with a VWAP of $248 and 1,002 NBR Call 40 contracts with a VWAP of $153, both expiring on July 18, 2025. The filing shows 374,500 common shares underlying the disclosed options and reports 0 derivative securities beneficially owned following the transactions. The reporting persons disclaim beneficial ownership except for pecuniary interest.
Modulo 4 modificato che segnala il disgorgement dei premi delle opzioni e delle posizioni correlate. I soggetti segnalanti affiliati a Varde hanno modificato un precedente Modulo 4 per dichiarare di aver restituito $833,738, pari ai premi complessivi ricevuti per la vendita di opzioni call scadute entro sei mesi dalla data di vendita. L'emendamento corregge i prezzi medi ponderati per volume (VWAP) di due serie di call vendute: 2.743 contratti NBR Call 35 con VWAP di $248 e 1.002 contratti NBR Call 40 con VWAP di $153, entrambi in scadenza il 18 luglio 2025. La comunicazione indica 374.500 azioni ordinarie sottostanti le opzioni dichiarate e riporta 0 strumenti derivati posseduti beneficiariamente dopo le operazioni. I soggetti segnalanti declinano la titolarit脿 beneficiaria, fatta eccezione per l'interesse pecuniario.
Formulario 4 enmendado que informa el disgorgamiento de primas de opciones y posiciones relacionadas. Las personas informantes afiliadas a Varde enmendaron un anterior Formulario 4 para revelar que devolvieron $833,738, que representan las primas agregadas recibidas por la venta de opciones call que expiraron dentro de los seis meses desde su emisi贸n. La enmienda corrige los precios promedio ponderados por volumen (VWAP) de dos series de calls vendidas: 2.743 contratos NBR Call 35 con un VWAP de $248 y 1.002 contratos NBR Call 40 con un VWAP de $153, ambos con vencimiento el 18 de julio de 2025. La presentaci贸n muestra 374.500 acciones ordinarias subyacentes a las opciones divulgadas y reporta 0 valores derivados pose铆dos beneficiosamente tras las transacciones. Las personas informantes niegan la propiedad beneficiaria salvo por inter茅s pecuniario.
鞓奠厴 頂勲Μ氙胳梽 氚� 甏�霠� 氤挫湢攵勳潣 頇橃垬(disgorgement)毳� 氤搓碃頃橁赴 鞙勴暅 靾橃爼霅� Form 4. Varde 瓿勳棿鞚� 氤搓碃鞚胳潃 鞚挫爠 鞝滌稖霅� Form 4毳� 靾橃爼頃橃棳, 鞓奠厴 毵る弰 鞁� 氚涭潃 齑� 頂勲Μ氙胳梽鞚� $833,738毳� 頇橃垬頄堨潓鞚� 瓿店皽頄堨姷雼堧嫟. 鞚措姅 毵る弰 頉� 6臧滌洈 鞚措偞鞐� 毵岆霅� 旖滌樀靺橃潣 頃╆硠 頂勲Μ氙胳梽鞛呺媹雼�. 靾橃爼靹滊姅 霊� 瓯挫潣 毵る弰 旖滌樀靺橃棎 雽�頃� 瓯半灅霟� 臧�欷� 韽夑窢臧�瓴�(VWAP)鞚� 鞝曥爼頃╇媹雼�: VWAP臧� $248鞚� 2,743瓿勳暯 NBR Call 35鞕� VWAP臧� $153鞚� 1,002瓿勳暯 NBR Call 40, 霊� 瓿勳暯 氇憪 2025雲� 7鞗� 18鞚� 毵岅赴鞛呺媹雼�. 鞝滌稖靹滌棎電� 瓿奠嫓霅� 鞓奠厴鞚� 旮办磮臧� 霅橂姅 374,500 氤错喌欤缄皜 響滉赴霅橃柎 鞛堨溂氅�, 瓯半灅 頉勳棎電� 0臧滌潣 韺岇儩靸來拡鞚� 鞁れ鞝侅溂搿� 氤挫湢頃橁碃 鞛堧嫟瓿� 氤搓碃頄堨姷雼堧嫟. 氤搓碃鞚胳潃 旮堨爠鞝� 鞚挫澋鞚� 鞝滌櫢頃� 鞁れ鞝� 靻岇湢甓岇潉 攵�鞚疙暕雼堧嫟.
Formulaire 4 modifi茅 signalant le remboursement (disgorgement) des primes d'options et des positions connexes. Les personnes d茅clarantes affili茅es 脿 Varde ont modifi茅 un pr茅c茅dent Formulaire 4 pour r茅v茅ler qu'elles ont restitu茅 $833,738, repr茅sentant les primes agr茅g茅es re莽ues pour l'茅criture d'options call ayant expir茅 dans les six mois suivant leur 茅criture. L'amendement corrige les prix moyens pond茅r茅s par le volume (VWAP) pour deux s茅ries de calls 茅crites : 2 743 contrats NBR Call 35 avec un VWAP de $248 et 1 002 contrats NBR Call 40 avec un VWAP de $153, tous deux arrivant 脿 茅ch茅ance le 18 juillet 2025. Le d茅p么t indique 374 500 actions ordinaires sous-jacentes aux options divulgu茅es et rapporte 0 titres d茅riv茅s d茅tenus 脿 titre b茅n茅ficiaire apr猫s les transactions. Les personnes d茅clarantes d茅clinent la qualit茅 de propri茅taire b茅n茅ficiaire, hormis un int茅r锚t p茅cuniaire.
Ge盲ndertes Formular 4, das die R眉ckgabe (disgorgement) von Optionspr盲mien und zugeh枚rigen Positionen meldet. Die Varde-verbundenen meldenden Personen haben ein fr眉heres Formular 4 ge盲ndert, um offenzulegen, dass sie $833.738 zur眉ckgegeben haben, was den insgesamt f眉r das Schreiben von Call-Optionen erhaltenen Pr盲mien entspricht, die innerhalb von sechs Monaten nach Schreiben verfallen sind. Die 脛nderung korrigiert volumengewichtete Durchschnittspreise (VWAP) f眉r zwei Serien geschriebener Calls: 2.743 NBR Call 35-Kontrakte mit einem VWAP von $248 und 1.002 NBR Call 40-Kontrakte mit einem VWAP von $153, beide mit Ablaufdatum 18. Juli 2025. Die Einreichung zeigt 374.500 Stammaktien, die den genannten Optionen zugrunde liegen, und meldet nach den Transaktionen 0 wirtschaftlich gehaltene Derivate. Die meldenden Personen lehnen wirtschaftliches Eigentum mit Ausnahme eines pecuni盲ren Interesses ab.
- Amendment provides transparent disclosure of the correction and disgorgement amount, improving compliance record clarity
- Filing specifies the exact VWAP corrections for the affected option contracts (Call 35 VWAP $248; Call 40 VWAP $153)
- Reporting persons disgorged $833,738 of premiums due to options expiring within six months of writing, indicating a timing noncompliance with Rule 16b-6(d)
- Original Form 4 contained incorrect VWAP figures (reported as $249 and $154), requiring an amendment to correct material transaction details
Insights
TL;DR: Amendment discloses $833,738 disgorgement for short-dated call expirations; informs ownership and option activity but has limited balance-sheet impact.
The amendment clarifies that premiums totaling $833,738 were disgorged under Rule 16b-6(d) because written call options expired within six months of writing. The filing corrects VWAPs for 2,743 Call 35 contracts ($248) and 1,002 Call 40 contracts ($153). It reports 374,500 common shares underlying those contracts and indicates no remaining derivative ownership following the transactions. For investors this is primarily a disclosure and compliance matter; there is no indication of material changes to equity stakes or company financials in this Form 4/A.
TL;DR: The amendment is a corrective compliance disclosure showing recapture of option premiums, highlighting Rule 16 timing issues but not alleging misconduct beyond required disgorgement.
The filing documents corrective action by multiple Varde-related entities to satisfy Section 16 timing rules. The explicit disclaimer of beneficial ownership except for pecuniary interest and the detailed chain of general partner and managing member relationships are included, which clarifies control and reporting responsibilities. This is governance-relevant disclosure of a procedural violation remedy rather than new operational or strategic information.
Modulo 4 modificato che segnala il disgorgement dei premi delle opzioni e delle posizioni correlate. I soggetti segnalanti affiliati a Varde hanno modificato un precedente Modulo 4 per dichiarare di aver restituito $833,738, pari ai premi complessivi ricevuti per la vendita di opzioni call scadute entro sei mesi dalla data di vendita. L'emendamento corregge i prezzi medi ponderati per volume (VWAP) di due serie di call vendute: 2.743 contratti NBR Call 35 con VWAP di $248 e 1.002 contratti NBR Call 40 con VWAP di $153, entrambi in scadenza il 18 luglio 2025. La comunicazione indica 374.500 azioni ordinarie sottostanti le opzioni dichiarate e riporta 0 strumenti derivati posseduti beneficiariamente dopo le operazioni. I soggetti segnalanti declinano la titolarit脿 beneficiaria, fatta eccezione per l'interesse pecuniario.
Formulario 4 enmendado que informa el disgorgamiento de primas de opciones y posiciones relacionadas. Las personas informantes afiliadas a Varde enmendaron un anterior Formulario 4 para revelar que devolvieron $833,738, que representan las primas agregadas recibidas por la venta de opciones call que expiraron dentro de los seis meses desde su emisi贸n. La enmienda corrige los precios promedio ponderados por volumen (VWAP) de dos series de calls vendidas: 2.743 contratos NBR Call 35 con un VWAP de $248 y 1.002 contratos NBR Call 40 con un VWAP de $153, ambos con vencimiento el 18 de julio de 2025. La presentaci贸n muestra 374.500 acciones ordinarias subyacentes a las opciones divulgadas y reporta 0 valores derivados pose铆dos beneficiosamente tras las transacciones. Las personas informantes niegan la propiedad beneficiaria salvo por inter茅s pecuniario.
鞓奠厴 頂勲Μ氙胳梽 氚� 甏�霠� 氤挫湢攵勳潣 頇橃垬(disgorgement)毳� 氤搓碃頃橁赴 鞙勴暅 靾橃爼霅� Form 4. Varde 瓿勳棿鞚� 氤搓碃鞚胳潃 鞚挫爠 鞝滌稖霅� Form 4毳� 靾橃爼頃橃棳, 鞓奠厴 毵る弰 鞁� 氚涭潃 齑� 頂勲Μ氙胳梽鞚� $833,738毳� 頇橃垬頄堨潓鞚� 瓿店皽頄堨姷雼堧嫟. 鞚措姅 毵る弰 頉� 6臧滌洈 鞚措偞鞐� 毵岆霅� 旖滌樀靺橃潣 頃╆硠 頂勲Μ氙胳梽鞛呺媹雼�. 靾橃爼靹滊姅 霊� 瓯挫潣 毵る弰 旖滌樀靺橃棎 雽�頃� 瓯半灅霟� 臧�欷� 韽夑窢臧�瓴�(VWAP)鞚� 鞝曥爼頃╇媹雼�: VWAP臧� $248鞚� 2,743瓿勳暯 NBR Call 35鞕� VWAP臧� $153鞚� 1,002瓿勳暯 NBR Call 40, 霊� 瓿勳暯 氇憪 2025雲� 7鞗� 18鞚� 毵岅赴鞛呺媹雼�. 鞝滌稖靹滌棎電� 瓿奠嫓霅� 鞓奠厴鞚� 旮办磮臧� 霅橂姅 374,500 氤错喌欤缄皜 響滉赴霅橃柎 鞛堨溂氅�, 瓯半灅 頉勳棎電� 0臧滌潣 韺岇儩靸來拡鞚� 鞁れ鞝侅溂搿� 氤挫湢頃橁碃 鞛堧嫟瓿� 氤搓碃頄堨姷雼堧嫟. 氤搓碃鞚胳潃 旮堨爠鞝� 鞚挫澋鞚� 鞝滌櫢頃� 鞁れ鞝� 靻岇湢甓岇潉 攵�鞚疙暕雼堧嫟.
Formulaire 4 modifi茅 signalant le remboursement (disgorgement) des primes d'options et des positions connexes. Les personnes d茅clarantes affili茅es 脿 Varde ont modifi茅 un pr茅c茅dent Formulaire 4 pour r茅v茅ler qu'elles ont restitu茅 $833,738, repr茅sentant les primes agr茅g茅es re莽ues pour l'茅criture d'options call ayant expir茅 dans les six mois suivant leur 茅criture. L'amendement corrige les prix moyens pond茅r茅s par le volume (VWAP) pour deux s茅ries de calls 茅crites : 2 743 contrats NBR Call 35 avec un VWAP de $248 et 1 002 contrats NBR Call 40 avec un VWAP de $153, tous deux arrivant 脿 茅ch茅ance le 18 juillet 2025. Le d茅p么t indique 374 500 actions ordinaires sous-jacentes aux options divulgu茅es et rapporte 0 titres d茅riv茅s d茅tenus 脿 titre b茅n茅ficiaire apr猫s les transactions. Les personnes d茅clarantes d茅clinent la qualit茅 de propri茅taire b茅n茅ficiaire, hormis un int茅r锚t p茅cuniaire.
Ge盲ndertes Formular 4, das die R眉ckgabe (disgorgement) von Optionspr盲mien und zugeh枚rigen Positionen meldet. Die Varde-verbundenen meldenden Personen haben ein fr眉heres Formular 4 ge盲ndert, um offenzulegen, dass sie $833.738 zur眉ckgegeben haben, was den insgesamt f眉r das Schreiben von Call-Optionen erhaltenen Pr盲mien entspricht, die innerhalb von sechs Monaten nach Schreiben verfallen sind. Die 脛nderung korrigiert volumengewichtete Durchschnittspreise (VWAP) f眉r zwei Serien geschriebener Calls: 2.743 NBR Call 35-Kontrakte mit einem VWAP von $248 und 1.002 NBR Call 40-Kontrakte mit einem VWAP von $153, beide mit Ablaufdatum 18. Juli 2025. Die Einreichung zeigt 374.500 Stammaktien, die den genannten Optionen zugrunde liegen, und meldet nach den Transaktionen 0 wirtschaftlich gehaltene Derivate. Die meldenden Personen lehnen wirtschaftliches Eigentum mit Ausnahme eines pecuni盲ren Interesses ab.
FAQ
What did the Form 4/A for NBR disclose about option premiums?
Which option contracts were corrected in the amendment?
How many underlying shares were reported related to the disclosed options?
Do the reporting persons claim beneficial ownership of the reported securities?
Does the amendment indicate any remaining derivative ownership after the transactions?
