[Form 3] Clarivate Plc Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Encompass Capital Advisors LLC and its managing member Todd J. Kantor have filed a Schedule 13G reporting a passive ownership of 5,206,191 Sable Offshore Corp. common shares, representing 5.24 % of the outstanding class as of 17 Jul 2025 (CUSIP 78574H104).

The filing shows shared voting and dispositive power over the entire position and no sole authority. Encompass is classified as an investment adviser (IA), while Kantor is listed as both a control person (HC) and individual (IN). The certification affirms the stake was not acquired to change or influence control of the issuer.

Crossing the 5 % threshold triggers this disclosure under Rule 13d-1; however, no additional financial data, governance proposals, or transactional intentions are provided.

Positive

• Institutional ownership: A respected energy-oriented hedge fund disclosed a 5.24 % stake, signalling external confidence and potentially enhancing share liquidity.

Negative

• Limited influence: The investors hold no sole voting or dispositive power and disclaim any intent to influence control, limiting near-term strategic impact.

Insights

Portfolio Manager

TL;DR: Hedge fund Encompass reveals 5.24 % passive stake; modestly supportive signal, control ambitions denied.

The 13G confirms that Encompass Capital Advisors—an energy-focused hedge fund—now owns just over the 5 % reporting threshold in Sable Offshore. While the position is passive, it indicates institutional confidence in the issuer’s prospects and enlarges SOC’s shareholder base with a specialist investor. Because voting and dispositive power are shared and there is no control intention, immediate governance impact is limited. Nevertheless, new institutional sponsorship can improve liquidity and raise the company’s profile among other investors. From a risk standpoint, Encompass may exit without notice, so the stake should not be viewed as long-term strategic support. Overall impact: modest and informational rather than transformational.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Cornick Kenneth L.

(Last) (First) (Middle)

C/O CLARIVATE PLC

70 ST. MARY AXE

(Street)

LONDON X0 EC3A 8BE

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/22/2025

3. Issuer Name and Ticker or Trading Symbol
CLARIVATE PLC [ CLVT ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary Shares	110,000	I	Cornick Family Investor, LLC(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Cornick Family Investor, LLC is controlled by Mr. Cornick and his spouse, its managers, who have dispositive control and voting control over the shares held by Cornick Family Investor, LLC.

Remarks:

	/s/ John Doulamis, Attorney-in-Fact	07/24/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

How many Sable Offshore (SOC) shares does Encompass Capital Advisors own?

The filing lists 5,206,191 common shares beneficially owned.

What percentage of SOC’s outstanding stock does this represent?

The stake equals 5.24 % of the class.

Is the position passive or activist?

The Schedule 13G certification states the shares are held not for the purpose of influencing control, indicating a passive investment.

Who is Todd J. Kantor in relation to this filing?

Kantor is the Managing Member of Encompass Capital Advisors and is reported as a control person and individual owner of the same stake.

Does Encompass Capital have sole voting power over the SOC shares?

No. The filing shows 0 sole voting power; all 5,206,191 shares are held with shared voting and dispositive power.