RESTREPO WILLIAM J (Chief Financial Officer) exercised options at NABORS INDUSTRIES LTD

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 2 exercises

RESTREPO WILLIAM J

Filed: 10/6/2025ACC: 0001163739-25-000017

InsiderRESTREPO WILLIAM JCIK 1334321

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IssuerNABORS INDUSTRIES LTDCIK 1163739

Officer· Chief Financial Officer

Since Jan 2019

-25.78K

Net shares

Net seller

$1.05M

Total sold

Open market trades

0B · 0S

Total transactions

12.77K acquired · 38.55K disposed

Non-Derivative Transactions7

Common Stock

Direct

F · Tax Withholding

−4.01K

Price / share

$40.87

Trade value

$164.01K

% of position

3.2%

9/30/2025

124.33K→120.32K

Common Stock

Direct

F · Tax Withholding

−7.07K

Price / share

$40.87

Trade value

$289.11K

% of position

5.9%

9/30/2025

120.32K→113.25K

Common Stock

Direct

F · Tax Withholding

−9.66K

Price / share

$40.87

Trade value

$394.89K

% of position

8.5%

9/30/2025

113.25K→103.58K

Common Stock

Direct

M · Option Exercise

+1.07K

Price / share

—

Trade value

—

% of position

1.0%

9/30/2025

103.58K→104.66K

Common Stock

Direct

F · Tax Withholding

−424.00

Price / share

$40.87

Trade value

$17.33K

% of position

0.4%

9/30/2025

104.66K→104.23K

Common Stock

Direct

M · Option Exercise

+11.70K

Price / share

—

Trade value

—

% of position

11.2%

9/30/2025

104.23K→115.93K

Common Stock

Direct

F · Tax Withholding

−4.60K

Price / share

$40.87

Trade value

$188.17K

% of position

4.0%

9/30/2025

115.93K→111.33K

Total

Net shares

−13K

Net value

-$1.05M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	9/30/2025	F · Tax Withholding	−4.01K	$40.87	$164.01K	3.2%	124.33K	120.32K
Common Stock Direct	9/30/2025	F · Tax Withholding	−7.07K	$40.87	$289.11K	5.9%	120.32K	113.25K
Common Stock Direct	9/30/2025	F · Tax Withholding	−9.66K	$40.87	$394.89K	8.5%	113.25K	103.58K
Common Stock Direct	9/30/2025	M · Option Exercise	+1.07K	—	—	1.0%	103.58K	104.66K
Common Stock Direct	9/30/2025	F · Tax Withholding	−424.00	$40.87	$17.33K	0.4%	104.66K	104.23K
Common Stock Direct	9/30/2025	M · Option Exercise	+11.70K	—	—	11.2%	104.23K	115.93K
Common Stock Direct	9/30/2025	F · Tax Withholding	−4.60K	$40.87	$188.17K	4.0%	115.93K	111.33K
Total			−13K		-$1.05M

Derivative Transactions2

2023 Performance Share Units

Direct

M · Option Exercise

Converts to

Common Stock

1.07K shares

−1.07K

Strike price

Held after

0.00

Exercisable

—

9/30/2025

2024 Performance Share Units

Direct

M · Option Exercise

Converts to

Common Stock

11.70K shares

−11.70K

Strike price

Held after

0.00

Exercisable

—

9/30/2025

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
2023 Performance Share Units Direct	Common Stock1.07K shares	9/30/2025	M · Option Exercise	−1.07K		—	0.00
2024 Performance Share Units Direct	Common Stock11.70K shares	9/30/2025	M · Option Exercise	−11.70K		—	0.00

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)1

2021 Warrants

Direct

Underlying security

Common Stock

Underlying shares

44.21K

Shares owned

44.21K

Exercise price

166.6666

Expiration

—

Exercise window

—

Total

Underlying

44.21K

Owned

44.21K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
2021 Warrants Direct	Common Stock	166.6666	—	—	44.21K	44.21K
Total					44.21K	44.21K