W.R. Berkley Discloses 1.54M Shares (5.1%) of NETDW on Schedule 13G

Rhea-AI Filing Summary

W.R. Berkley Corporation and Berkley Insurance Company report beneficial ownership of 1,542,099 Class A Ordinary Shares of Nabors Energy Transition Corp. II, representing 5.1% of the Class A shares outstanding based on the issuer's proxy statement showing 30,500,000 Class A shares outstanding. The position is reported on a Schedule 13G and reflects shared voting power and shared dispositive power of 1,542,099 shares, with no sole voting or dispositive power. The filing includes a certification that the securities were acquired and are held in the ordinary course of business and were not acquired to change or influence control.

Positive

• Beneficial ownership of 1,542,099 shares, a material stake representing 5.1% of Class A shares reported publicly.
• Disclosure filed on Schedule 13G, with a certification that the securities were acquired and are held in the ordinary course of business.

Negative

• No sole voting or dispositive power reported; all control is listed as shared, limiting unilateral influence.
• Stake is at the 5% threshold which is material for disclosure but does not in itself signal control or a change in governance.

Insights

Financial Analyst

TL;DR: Disclosure shows a material passive stake of 5.1% (1,542,099 shares) with shared, not sole, control.

The Schedule 13G reports a 1,542,099-share position equal to 5.1% of Class A shares (out of 30,500,000 outstanding per the issuer's proxy statement). The position is held with shared voting and dispositive power and expressly certified as acquired in the ordinary course and not to influence control. As a straight disclosure, the filing notifies the market of a material stake but does not by itself signal a change in control or an active campaign.

Corporate Governance Expert

TL;DR: Ownership structure shows limited unilateral influence—shared voting/dispositive rights reduce immediate governance control.

The filing identifies both W.R. Berkley Corporation and Berkley Insurance Company as reporting persons and classifies the holding as shared voting and shared dispositive power of 1,542,099 shares. The Schedule 13G format and the included certification indicate the position is presented as a non-control, ordinary-course holding. From a governance perspective, this stake clears the 5% disclosure threshold and is material for transparency, but absence of sole voting or dispositive power suggests the reporters lack unilateral authority to alter board composition or corporate policy absent coalition building or further acquisitions.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Nabors Energy Transition Corp. II

(Name of Issuer)

Class A Ordinary Shares, par value $0.0001 per share

(Title of Class of Securities)

G6363K106

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G6363K106

1

Names of Reporting Persons

W. R. Berkley Corporation

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,542,099.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,542,099.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,542,099.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.1 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

CUSIP No. G6363K106

1

Names of Reporting Persons

Berkley Insurance Company

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,542,099.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,542,099.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,542,099.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.1 %

12

Type of Reporting Person (See Instructions)

IC, CO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Nabors Energy Transition Corp. II
(b)	Address of issuer's principal executive offices: 515 West Greens Road, Suite 1200, Houston, TX 77067
Item 2.
(a)	Name of person filing: The information required by Item 2(a) is set forth in Row 1 of the cover page hereto for each Reporting Person and is incorporated herein by reference for each such Reporting Person.
(b)	Address or principal business office or, if none, residence: The address of each Reporting Person is: 475 Steamboat Road Greenwich, CT 06830
(c)	Citizenship: The information required by Item 2(c) is set forth in Row 4 of the cover page hereto for each Reporting Person and is incorporated herein by reference for each such Reporting Person.
(d)	Title of class of securities: Class A Ordinary Shares, par value $0.0001 per share
(e)	CUSIP No.: G6363K106
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The information required by Items 4(a)-(c) is set forth in Rows 5-11 of the cover page hereto for each Reporting Person and is incorporated herein by reference for each such Reporting Person. Calculation of the ownership percentage set forth in Row 11 is based on the Issuer's proxy statement filed June 16, 2025, which states that the Issuer had outstanding 30,500,000 Class A Ordinary Shares as of June 9, 2025.
(b)	Percent of class: 5.1 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0.00
	(ii) Shared power to vote or to direct the vote: 1,542,099.00
	(iii) Sole power to dispose or to direct the disposition of: 0.00
	(iv) Shared power to dispose or to direct the disposition of: 1,542,099.00
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit 99.1.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

W. R. Berkley Corporation

Signature:	By: /s/ Richard M. Baio
Name/Title:	Richard M. Baio, Executive Vice President and Chief Financial Officer
Date:	08/08/2025

Berkley Insurance Company

Signature:	By: /s/ Richard M. Baio
Name/Title:	Richard M. Baio, Executive Vice President and Treasurer
Date:	08/08/2025

FAQ

What stake does W.R. Berkley report in Nabors Energy Transition Corp. II (NETDW)?

W.R. Berkley Corporation and Berkley Insurance Company report beneficial ownership of 1,542,099 Class A Ordinary Shares, equal to 5.1% of the Class A shares outstanding.

How many Class A shares outstanding were used to calculate the 5.1% ownership?

The calculation is based on the issuer's proxy statement, which reports 30,500,000 Class A Ordinary Shares outstanding.

Does the filer have sole voting or dispositive power over the shares?

No. The filer reports 0 sole voting power and 0 sole dispositive power, and 1,542,099 shares of shared voting and shared dispositive power.

What does filing on Schedule 13G indicate in this disclosure?

This position is reported on a Schedule 13G, the form used to disclose certain ownership positions; the filing also includes a certification that the shares were acquired and are held in the ordinary course of business and not to influence control.

Who signed the Schedule 13G on behalf of the reporting persons?

The statement is signed on behalf of the reporting entities by Richard M. Baio, identified as Executive Vice President and Treasurer/Chief Financial Officer for the filers.