Sable Offshore Corp. (SOC) CFO sells shares to cover RSU tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sable Offshore Corp. EVP and CFO Gregory D. Patrinely reported RSU vesting and related share sales. On April 28 and 29, 2026, he exercised 200,000 restricted stock units, receiving an equal number of common shares at a stated price of $0.00 per share.
On the same dates he sold a total of 80,054 common shares in open-market transactions at weighted average prices of $13.3288 and $13.5639 per share. A footnote states these sales were made to cover tax withholding obligations tied to the RSU vesting. After the transactions, he directly holds 562,740 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 80,054 shares ($1,076,266)
Net Sell
6 txns
Insider
Patrinely Gregory D.
Role
EVP, CFO
Sold
80,054 shs ($1.08M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 100,000 | $0.00 | -- |
| Exercise | Common Stock | 100,000 | $0.00 | -- |
| Sale | Common Stock | 39,311 | $13.5639 | $533K |
| Exercise | Restricted Stock Units | 100,000 | $0.00 | -- |
| Exercise | Common Stock | 100,000 | $0.00 | -- |
| Sale | Common Stock | 40,743 | $13.3288 | $543K |
Holdings After Transaction:
Restricted Stock Units — 800,000 shares (Direct, null);
Common Stock — 602,051 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock. 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. 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. The RSUs vest in five equal annual installments.
Key Figures
Shares sold: 80,054 shares
Shares exercised from RSUs: 200,000 shares
Sale price 28 Apr: $13.3288/share
+3 more
6 metrics
Shares sold
80,054 shares
Total common shares sold on April 28–29, 2026
Shares exercised from RSUs
200,000 shares
Common shares received from RSU exercises on April 28–29, 2026
Sale price 28 Apr
$13.3288/share
Weighted average price for 40,743 common shares sold
Sale price 29 Apr
$13.5639/share
Weighted average price for 39,311 common shares sold
Shares held after transactions
562,740 shares
Direct common stock ownership after April 29, 2026 trades
RSU-to-share ratio
1:1
Each RSU represents a contingent right to one common share
Key Terms
Restricted Stock Units, weighted average price, tax withholding obligations, contingent right, +1 more
5 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.
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"
contingent right financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
vest in five equal annual installments financial
"The RSUs vest in five equal annual installments."
FAQ
What insider transactions did Sable Offshore (SOC) report for its CFO?
Sable Offshore EVP and CFO Gregory D. Patrinely exercised 200,000 restricted stock units into common shares, then sold 80,054 shares in open-market trades to cover tax withholding obligations related to the RSU vesting on April 28 and 29, 2026.
What do Sable Offshore (SOC) restricted stock units represent for the CFO?
Each restricted stock unit represents a contingent right to receive one share of Sable Offshore common stock. A footnote explains the RSUs vest in five equal annual installments, and vested RSUs can convert into common shares, as reflected in this Form 4 filing.