4//SEC Filing
FLORES JAMES C 4
Accession 0000950170-24-016489
CIK 0001831481other
Filed
Feb 15, 7:00 PM ET
Accepted
Feb 16, 4:57 PM ET
Size
18.0 KB
Accession
0000950170-24-016489
Insider Transaction Report
Form 4
FLORES JAMES C
DirectorChairman & CEO10% Owner
Transactions
- Purchase
Common Stock
2024-02-14$10.00/sh+700,000$7,000,000→ 7,963,750 total - Purchase
Common Stock
2024-02-12$11.15/sh+9,000$100,350→ 16,500 total(indirect: By Partnership) - Purchase
Common Stock
2024-02-13$11.73/sh+8,500$99,705→ 25,000 total(indirect: By Partnership) - Purchase
Common Stock
2024-02-14$10.00/sh+2,500,000$25,000,000→ 2,525,000 total(indirect: By Partnership) - Conversion
Class B Common Stock
2023-08-22−4,263,750→ 0 total→ Common Stock (4,263,750 underlying) - Conversion
Common Stock
2023-08-22+4,263,750→ 4,263,750 total - Award
Common Stock
2024-02-14+3,000,000→ 7,263,750 total - Award
Warrants
2024-02-14+2,606,370→ 6,481,370 totalExercise: $11.50From: 2024-03-15Exp: 2029-02-14→ Common Stock (2,606,370 underlying)
Footnotes (6)
- [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.
- [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.
- [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.
- [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.
Documents
Issuer
Sable Offshore Corp.
CIK 0001831481
Entity typeother
Related Parties
1- filerCIK 0000939485
Filing Metadata
- Form type
- 4
- Filed
- Feb 15, 7:00 PM ET
- Accepted
- Feb 16, 4:57 PM ET
- Size
- 18.0 KB