Sable Offshore Corp. — Director's Dealing 2021

Feb 25, 2021

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Flame Acquisition Corp. (FLME)
CIK: 0001831481
Period of Report: 2021-02-24

Reporting Person: FLORES JAMES C (Director, CEO & President, 10% Owner)
Reporting Person: Flame Acquisition Sponsor LLC (10% Owner)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B Common Stock	$		Class A Common Stock (4263750)		Indirect

Footnotes

F1: The Class B Common Stock will automatically convert into the Issuer's Class A Common Stock at the time of the Issuer's initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, and has no expiration date.

F2: Includes up to 562,500 shares of Class B Common Stock that are subject to forfeiture if the underwriters in the Issuer's initial public offering of common stock do not exercise their over-allotment option in full or in part.

F3: Shares held directly by Flame Acquisition Sponsor LLC (the "Sponsor"). James C. Flores is the managing member of the Sponsor. As such, Mr. Flores may be deemed to have beneficial ownership of the shares of Class B Common Stock held directly by the Sponsor. Mr. Flores disclaims beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.