Form 4 for SOC Sable Offshore Corp.
Accepted 2024-02-16 00:00:00 ET · period of report 2023-08-22 · accession 0000950170-24-016489 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMI | 2024-02-16 | 2024-02-12+ | SOC | FLORES JAMES C | COB, CEO, Dir, 10% | P - Purchase | $10.01 | +2.52M | 2.52M | +33,567% | +$25.20M |
| D | 2024-02-16 | 2024-02-14 | SOC | FLORES JAMES C | COB, CEO, Dir, 10% | A - Grant | — | +3.00M | 7.26M | +70% | — |
| D | 2024-02-16 | 2024-02-14 | SOC | FLORES JAMES C | COB, CEO, Dir, 10% | P - Purchase | $10.00 | +700.0K | 7.96M | +10% | +$7.00M |
| D | 2024-02-16 | 2023-08-22 | SOC | FLORES JAMES C | COB, CEO, Dir, 10% | C - Cnv Deriv | — | +4.26M | 4.26M | New | — |
| D | 2024-02-16 | 2024-02-14 | SOC | FLORES JAMES C | COB, CEO, Dir, 10% | A - Grant | — | +2.61M | 6.48M | +67% | — |
| D | 2024-02-16 | 2023-08-22 | SOC | FLORES JAMES C | COB, CEO, Dir, 10% | C - Cnv Deriv | $0.00 | -4.26M | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-02-12 | P | A | 9,000 | $11.15 | 16,500 | I By family limited partnerships | — | — | (F1) 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. (F4) 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. |
| 2 | Common | Common Stock | 2024-02-13 | P | A | 8,500 | $11.73 | 25,000 | I By family limited partnerships | — | — | (F1) 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. (F5) 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. |
| 3 | Common | Common Stock | 2024-02-14 | A | A | 3,000,000 | — | 7,263,750 | D | — | — | (F6) 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. |
| 4 | Common | Common Stock | 2024-02-14 | P | A | 700,000 | $10.00 | 7,963,750 | D | — | — | |
| 5 | Common | Common Stock | 2024-02-14 | P | A | 2,500,000 | $10.00 | 2,525,000 | I | — | — | |
| 6 | Common | Common Stock | 2023-08-22 | C | A | 4,263,750 | — | 4,263,750 | D By family limited partnerships | — | — | (F1) 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. (F2) On August 22, 2023, all outstanding Class B Common Stock automatically converted into Class A Common Stock at on a one-for-one basis. (F3) Reflects shares previously held directly by Flame Acquisition Sponsor LLC, of which the Reporting Person is the sole member. |
| 7 | Derivative | Warrants | 2024-02-14 | A | A | 2,606,370 | — | 6,481,370 | D | $11.50 · 2024-03-15 to 2029-02-14 | 2,606,370 Common Stock | (F6) 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. |
| 8 | Derivative | Class B Common Stock | 2023-08-22 | C | D | 4,263,750 | $0.00 | 0 | D | — · — to — | 4,263,750 Common Stock | (F3) Reflects shares previously held directly by Flame Acquisition Sponsor LLC, of which the Reporting Person is the sole member. (F2) On August 22, 2023, all outstanding Class B Common Stock automatically converted into Class A Common Stock at on a one-for-one basis. |