Were the Sable Offshore (SOC) CFO’s share sales discretionary investment decisions?

The filing states the reported sales represent shares sold to cover tax withholding obligations tied to restricted stock unit vesting. That language indicates the dispositions were primarily tax-related rather than purely discretionary portfolio trades in the open market.

Sable Offshore CFO trades shares after RSU vesting

Sable Offshore Corp. EVP and CFO Gregory D. Patrinely reported RSU vesting and related share sales.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

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Form Type

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.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 6 txns

Insider Patrinely Gregory D.

Role EVP, CFO

Sold 80,054 shs ($1.08M)

Approx. gross sale proceeds $1.08M

Approx. exercise cost $0.00

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	100,000	$0.00	$0.00
Exercise	Common Stock	100,000	$0.00	$0.00
Sale	Common Stock	39,311	$13.5639	$533K
Exercise	Restricted Stock Units	100,000	$0.00	$0.00
Exercise	Common Stock	100,000	$0.00	$0.00
Sale	Common Stock	40,743	$13.3288	$543K

Holdings After Transaction: Restricted Stock Units — 800,000 contracts (Direct); Common Stock — 562,740 shares (Direct)

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. 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

How many Sable Offshore (SOC) shares did the CFO sell and at what prices?

Gregory D. Patrinely sold 40,743 common shares at a weighted average price of $13.3288 and 39,311 shares at a weighted average price of $13.5639. Footnotes indicate these transactions were executed to satisfy tax withholding obligations from restricted stock unit vesting.

How many Sable Offshore (SOC) shares does the CFO hold after these Form 4 trades?

Following the reported transactions, EVP and CFO Gregory D. Patrinely directly holds 562,740 shares of Sable Offshore common stock. This figure reflects his position after exercising 200,000 restricted stock units and selling 80,054 shares to cover associated tax withholding obligations.

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 04/30/2026 - 09:15 PM

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Patrinely Gregory D.

(Last)

(First)

(Middle)

C/O SABLE OFFSHORE CORP.

845 TEXAS AVE., SUITE 2920

(Street)

HOUSTON

TEXAS

77002

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Sable Offshore Corp. [ SOC ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/28/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/28/2026		M		100,000	A	⁽¹⁾	542,794	D
Common Stock	04/28/2026		S⁽²⁾		40,743	D	$13.3288⁽³⁾	502,051	D
Common Stock	04/29/2026		M		100,000	A	⁽¹⁾	602,051	D
Common Stock	04/29/2026		S⁽²⁾		39,311	D	$13.5639⁽³⁾	562,740	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	04/28/2026		M			100,000	⁽⁴⁾	⁽⁴⁾	Common Stock	100,000	$0	900,000	D
Restricted Stock Units	⁽¹⁾	04/29/2026		M			100,000	⁽⁴⁾	⁽⁴⁾	Common Stock	100,000	$0	800,000	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock.

2. 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.

3. 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.

4. The RSUs vest in five equal annual installments.

Remarks:

	/s/ Gregory D. Patrinely	04/30/2026
	** 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 4 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR