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Filing Details

Accession Number:: 0000950170-24-016489
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-02-16 16:57:17
Reporting Period:: 2023-08-22

Accepted Time:: 2024-02-16 16:57:17
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1831481	Sable Offshore Corp.	SOC	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
939485	C James Flores	C/O Sable Offshore Corp. 700 Milam Street, Suite 3300 Houston TX 77002	Chairman & Ceo	No	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2023-08-22	4,263,750	$0.00	4,263,750	No	4	C	Direct
Common Stock	Acquisiton	2024-02-12	9,000	$11.15	16,500	No	4	P	Indirect	By family limited partnerships
Common Stock	Acquisiton	2024-02-13	8,500	$11.73	25,000	No	4	P	Indirect	By family limited partnerships
Common Stock	Acquisiton	2024-02-14	3,000,000	$0.00	7,263,750	No	4	A	Direct
Common Stock	Acquisiton	2024-02-14	700,000	$10.00	7,963,750	No	4	P	Direct
Common Stock	Acquisiton	2024-02-14	2,500,000	$10.00	2,525,000	No	4	P	Indirect	By family limited partnerships

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Direct
No	4	P	Indirect	By family limited partnerships
No	4	P	Indirect	By family limited partnerships
No	4	A	Direct
No	4	P	Direct
No	4	P	Indirect	By family limited partnerships

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Class B Common Stock	Disposition	2023-08-22	4,263,750	$0.00	4,263,750	$0.00
Common Stock	Warrants	Acquisiton	2024-02-14	2,606,370	$0.00	2,606,370	$11.50

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0			No	4	C	Direct
6,481,370	2024-03-15	2029-02-14	No	4	A	Direct

Footnotes

In connection with the closing of the Issuer's business combination, each share of Class A Common Stock of Flame Acquisition Corp. was reclassified as Common Stock of the Issuer.
On August 22, 2023, all outstanding Class B Common Stock automatically converted into Class A Common Stock at on a one-for-one basis.
Reflects shares previously held directly by Flame Acquisition Sponsor LLC, of which the Reporting Person is the sole member.
The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $11.10 to $11.27. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $11.55 to $11.84. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
Represents shares of Common Stock and Warrants received in connection with the closing of the Issuer's business combination pursuant to the terms of the Agreement and Plan of Merger, dated as of November 2, 2022 (as amended on December 22, 2022 and June 30, 2023), by and among Flame Acquisition Corp., Sable Offshore Corp. and Sable Offshore Holdings LLC.