Patrinely Gregory D. 4

What Happened

• Gregory D. Patrinely, EVP and CFO of Sable Offshore Corp. (SOC), had restricted stock units (RSUs) convert to common stock and sold a portion to cover tax withholding. The filing shows 100,000-share RSU settlements on April 28 and April 29, 2026, and open-market sales of 40,743 shares at $13.33 (≈ $543,055) and 39,311 shares at $13.56 (≈ $533,210), for total proceeds of about $1,076,265. The sales were reported as tax-withholding transactions rather than discretionary liquidations.

Key Details

• Transaction dates: April 28 & April 29, 2026.
• Sales: 40,743 shares @ $13.33 (≈ $543,055) and 39,311 shares @ $13.56 (≈ $533,210); total shares sold = 80,054; total proceeds ≈ $1,076,265. Price shown is a weighted average for multiple trades (see footnote).
• Derivative/settlement entries: two 100,000-share "exercise/conversion" (RSU settlement) entries—one on each date.
• Footnotes: F1 = each RSU converts to one share; F2 = sales were to cover tax withholding on RSU vesting; F3 = reported price is a weighted average; F4 = RSUs vest in five equal annual installments.
• Shares owned after transaction: not specified in the provided filing.
• Filing timeliness: Report filed April 30, 2026 for April 28–29 transactions — appears timely (not marked late).

Context

• These transactions reflect RSU vesting and immediate share sales to satisfy tax withholding obligations (a routine, cashless-like settlement), not an open-market buy decision. Such tax-withholding sales are common after awards vest and do not necessarily indicate an insider’s view on the company’s prospects.