SCHEDULE 13G

NABORS INDUSTRIES LTD

Common shares, $.05 par value per share · CUSIP: G6359F137

Event date: 2025-03-11

Reporting persons may disclose overlapping interests. Their amounts are shown individually and are not added into a filing total.

Filing-level shares

Unavailable

Percent of class

Unavailable

• Varde Investment Partners (Offshore) Master, L.P.

  Shares: 190,022 · Class: 1.32%

• Varde Credit Partners Master, L.P.

  Shares: 974,358 · Class: 6.76%

• Varde Investment Partners, L.P.

  Shares: 477,937 · Class: 3.32%

• The Varde Skyway Master Fund, L.P.

  Shares: 371,611 · Class: 2.58%

• Varde Partners, Inc.

  Shares: 2,013,928 · Class: 13.98%

• Bradley Bauer

  Shares: 2,013,928 · Class: 13.98%

Amounts are as disclosed in this filing. Schedule type alone does not establish investment intent.