Flores James Caldwell 4
4 · Sable Offshore Corp. · Filed Apr 30, 2026
Research Summary
AI-generated summary of this filing
Sable Offshore (SOC) COO James Flores Sells 80,054 Shares After RSU Conversion
What Happened
James Caldwell Flores, President and COO of Sable Offshore Corp. (SOC), had restricted stock units convert to common shares on April 28–29, 2026 and sold a portion to cover tax withholding. The filing shows two conversions/derivative exercises of 100,000 RSUs on 4/28 and 4/29 (total 200,000 shares acquired via conversion). On 4/28 he sold 40,743 shares at a weighted-average price of $13.33 for $543,055, and on 4/29 he sold 39,311 shares at a weighted-average price of $13.56 for $533,210 — total proceeds about $1,076,265. The filing also reports related derivative entries showing conversion/settlement of RSUs.
Key Details
- Transaction dates: 2026-04-28 and 2026-04-29 (filed 2026-04-30). Filing appears timely.
- Sales: 40,743 shares @ $13.33 (≈ $543,055) and 39,311 shares @ $13.56 (≈ $533,210); total sold 80,054 shares for ≈ $1,076,265.
- Conversions: Two "M" entries for exercise/conversion of 100,000 RSUs on each date (total 200,000 shares acquired/converted). Two derivative disposals at $0 are also reported in connection with these conversions.
- Footnotes: F1 = each RSU equals a contingent right to one share; F2 = shares sold were to cover tax withholding on RSU vesting; F3 = reported prices are weighted averages across multiple trades; F4 = RSUs vest in five equal annual installments.
- Shares owned after the transactions: not specified in the provided filing details.
Context
These transactions reflect RSU vesting and routine withholding-related sales (often called a cashless or sell-to-cover action) rather than an open-market purchase. Such tax-withholding sales are common when equity awards vest and do not necessarily indicate the insider’s broader view on the company.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-04-28+100,000→ 542,794 total - Sale
Common Stock
[F2][F3]2026-04-28$13.33/sh−40,743$543,055→ 502,051 total - Exercise/Conversion
Common Stock
[F1]2026-04-29+100,000→ 602,051 total - Sale
Common Stock
[F2][F3]2026-04-29$13.56/sh−39,311$533,210→ 562,740 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)
- 417,000(indirect: By LLC)
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.