RSU vesting prompts Sable Offshore (SOC) CEO Flores to sell shares for taxes
Rhea-AI Filing Summary
Sable Offshore Corp. Chairman and CEO James C. Flores reported RSU vesting and related share movements in the company’s stock. On two dates, he exercised a total of 350,000 restricted stock units into Common Stock at a conversion price of $0.00 per share.
He sold 71,297 shares at a weighted average price of $13.3288 on one day and 68,792 shares at a weighted average price of $13.5639 on the next day, with a footnote stating these sales were made to cover tax withholding obligations from the RSU vesting. After the latest transaction, he directly held 8,173,661 shares of Common Stock and 3,150,000 RSUs, with additional indirect holdings of 2,625,000 shares through family limited partnerships and 600,000 shares through Sable Aviation, LLC.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
8 txns
Insider
FLORES JAMES C
Role
Chairman & CEO
Sold
140,089 shs ($1.88M)
Approx. gross sale proceeds
$1.88M
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 175,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 175,000 | $0.00 | $0.00 |
| Sale | Common Stock | 68,792 | $13.5639 | $933K |
| Exercise | Restricted Stock Units | 175,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 175,000 | $0.00 | $0.00 |
| Sale | Common Stock | 71,297 | $13.3288 | $950K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 3,150,000 shares (Direct);
Common Stock — 8,173,661 shares (Direct);
Common Stock — 600,000 shares (Indirect, By Sable Aviation, LLC);
Common Stock — 2,625,000 shares (Indirect, By family limited partnerships)
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. Ten percent of the RSUs vest upon each of the first eight anniversaries of the grant date. The remaining 20% of the RSUs vest on the ninth anniversary of the grant date.
Key Figures
Shares sold for taxes: 140,089 shares
Sale price 1: $13.3288 per share
Sale price 2: $13.5639 per share
+5 more
8 metrics
Shares sold for taxes
140,089 shares
Common Stock sold to cover tax withholding obligations
Sale price 1
$13.3288 per share
Weighted average price for 71,297 shares of Common Stock sold
Sale price 2
$13.5639 per share
Weighted average price for 68,792 shares of Common Stock sold
RSUs exercised
350,000 units
Restricted stock units converted into Common Stock at $0.00
Direct Common Stock after transactions
8,173,661 shares
Directly held Common Stock following latest reported transaction
RSUs outstanding after transactions
3,150,000 units
Restricted stock units remaining after exercises
Indirect family partnership holdings
2,625,000 shares
Common Stock held by family limited partnerships
Indirect Sable Aviation holdings
600,000 shares
Common Stock held by Sable Aviation, LLC
Key Terms
Restricted Stock Units, RSU, weighted average price, tax withholding obligations, +2 more
6 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSU financial
"Each restricted stock unit ("RSU") represents a contingent right"
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
weighted average price financial
"The price reported in Column 4 is a weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
tax withholding obligations financial
"shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting"
family limited partnerships financial
"Common Stock, transaction_type holding, nature_of_ownership By family limited partnerships"
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transactions did SOC Chairman & CEO James C. Flores report?
James C. Flores reported RSU vesting and related share movements. He exercised 350,000 restricted stock units into Common Stock and sold 140,089 shares at weighted average prices, with the sales designated to cover tax withholding obligations from the RSU vesting.
What RSU activity did Sable Offshore (SOC) disclose for its CEO?
The filing shows Flores exercised 350,000 restricted stock units into Common Stock at a conversion price of $0.00 per share. Each RSU represents a contingent right to receive one share, and the vesting follows an anniversary-based schedule described in the filing’s vesting footnote.
What indirect Sable Offshore (SOC) holdings are associated with James C. Flores?
The Form 4 lists 2,625,000 shares of Common Stock held indirectly through family limited partnerships and 600,000 shares held indirectly through Sable Aviation, LLC. These positions are reported as indirect ownership interests separate from Flores’ directly held shares and RSUs.
AI-generated analysis. How Rhea-AI works. Not financial advice.
