Duenner Anthony 4

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).