Sable Offshore Corp. — Director's Dealing 2024

Feb 16, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Sable Offshore Corp. (SOC)
CIK: 0001831481
Period of Report: 2023-08-22

Reporting Person: FLORES JAMES C (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-08-22	Common Stock	C	4263750	—	Acquired	4263750	Direct
2024-02-12	Common Stock	P	9000	$11.15	Acquired	16500	Indirect
2024-02-13	Common Stock	P	8500	$11.73	Acquired	25000	Indirect
2024-02-14	Common Stock	A	3000000	—	Acquired	7263750	Direct
2024-02-14	Common Stock	P	700000	$10.00	Acquired	7963750	Direct
2024-02-14	Common Stock	P	2500000	$10.00	Acquired	2525000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-08-22	Class B Common Stock	$	C	4263750	Disposed		Common Stock (4263750)	Direct
2024-02-14	Warrants	$11.50	A	2606370	Acquired	2029-02-14	Common Stock (2606370)	Direct

Footnotes

F1: In connection with the closing of the Issuer's business combination, each share of Class A Common Stock of Flame Acquisition Corp. was reclassified as Common Stock of the Issuer.

F2: On August 22, 2023, all outstanding Class B Common Stock automatically converted into Class A Common Stock at on a one-for-one basis.

F3: Reflects shares previously held directly by Flame Acquisition Sponsor LLC, of which the Reporting Person is the sole member.

F4: The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $11.10 to $11.27. 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 shares purchased at each separate price within the range set forth in this footnote.

F5: The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $11.55 to $11.84. 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 shares purchased at each separate price within the range set forth in this footnote.

F6: Represents shares of Common Stock and Warrants received in connection with the closing of the Issuer's business combination pursuant to the terms of the Agreement and Plan of Merger, dated as of November 2, 2022 (as amended on December 22, 2022 and June 30, 2023), by and among Flame Acquisition Corp., Sable Offshore Corp. and Sable Offshore Holdings LLC.