Dillard Michael E. 4

What Happened

• Michael E. Dillard, a director of Sable Offshore Corp. (SOC), received an award of 50,000 shares on May 6, 2026. The Form 4 reports the acquisition as an award (transaction code A) with a reported price of $0.00 and aggregate cash consideration of $0.00.

Key Details

• Transaction date: 2026-05-06
• Filing date: 2026-05-08 (filed within the usual 2-business-day window)
• Reported shares acquired: 50,000
• Reported price per share: $0.00; total cash consideration reported: $0.00
• Shares owned after transaction: not specified in the transaction details provided here
• Notable footnotes: filing indicates an award/grant (code A); no 10b5-1 plan, tax-withholding sale, or vesting terms are detailed in the excerpt provided

Context

• Awards like this are commonly part of director compensation (restricted stock or similar) and may be subject to vesting or transfer restrictions; they do not necessarily indicate immediate market buying or selling intent. Because this is an award (not a purchase or sale), it’s a compensation event rather than an open-market investment by the insider.