Duenner Anthony 4
4 · Sable Offshore Corp. · Filed Apr 30, 2026
Research Summary
AI-generated summary of this filing
Sable Offshore EVP Anthony Duenner Sells Shares After RSU Vesting
What Happened
Anthony Duenner, EVP, General Counsel & Secretary of Sable Offshore Corp. (SOC), had restricted stock units (RSUs) convert to common stock on April 28–29, 2026 (two conversions of 100,000 RSUs each). Following those conversions, he sold a total of 80,055 shares in open-market transactions—40,743 shares at a weighted average price of $13.33 on 2026-04-28 (proceeds $543,055) and 39,312 shares at a weighted average price of $13.56 on 2026-04-29 (proceeds $533,224)—for total reported proceeds of $1,076,279. These sales were made to cover tax withholding related to the RSU vesting.
Key Details
- Transaction dates: RSU conversions and related sales on 2026-04-28 and 2026-04-29; Form 4 filed 2026-04-30 (reporting period 2026-04-28).
- Sales/prices: 40,743 shares @ $13.33 (≈ $543,055) and 39,312 shares @ $13.56 (≈ $533,224). Weighted-average pricing noted; multiple per-share prices were executed within a range.
- RSU conversions: Two entries show conversion/exercise of 100,000 RSUs on each date (no cash exercise price). RSUs represent contingent rights to one share each (F1).
- Reason for sale: Shares sold to cover tax withholding on RSU vesting (F2). RSUs vest in five equal annual installments (F4).
- Shares owned after transaction: Not specified in the provided filing.
- Timeliness: Filing date is 2026-04-30 for transactions in late April 2026; no late filing flag reported.
Context
This is a routine post-vesting tax-withholding sale rather than an independent open-market investment purchase. For RSU conversions, a common pattern is conversion to shares followed by sales to satisfy payroll taxes (a cashless tax-withholding mechanism). The derivative entries with $0.00 reflect conversion of RSUs into shares (no cash exercise price).
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-04-28+100,000→ 570,919 total - Sale
Common Stock
[F2][F3]2026-04-28$13.33/sh−40,743$543,055→ 530,176 total - Exercise/Conversion
Common Stock
[F1]2026-04-29+100,000→ 630,176 total - Sale
Common Stock
[F2][F3]2026-04-29$13.56/sh−39,312$533,224→ 590,864 total - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-04-28−100,000→ 900,000 total→ Common Stock (100,000 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-04-29−100,000→ 800,000 total→ Common Stock (100,000 underlying)
- 50,000(indirect: By Trust)
Common Stock
Footnotes (4)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock.
- [F2]The sale reported herein represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units.
- [F3]The price reported in Column 4 is a weighted average price. The Common Stock was sold in multiple transactions within a dollar price range. 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 Common Stock sold at each separate price.
- [F4]The RSUs vest in five equal annual installments.