Sable Offshore (SOC) COO exercises 200K RSUs, sells 80K shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sable Offshore Corp. President and COO Flores James Caldwell reported multiple equity transactions involving restricted stock units and common stock. On April 28 and 29, he exercised a total of 200,000 restricted stock units, converting them into the same number of common shares at a stated price of $0.0000 per share. He then sold a combined 80,054 common shares on the open market at weighted average prices of $13.3288 and $13.5639, with a footnote stating these sales were made to cover tax withholding obligations related to the RSU vesting. Following these transactions, he holds 562,740 common shares directly and 417,000 common shares indirectly through a family LLC.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 80,054 shares ($1,076,266)
Net Sell
7 txns
Insider
Flores James Caldwell
Role
President, COO
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 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 800,000 shares (Direct, null);
Common Stock — 602,051 shares (Direct, null);
Common Stock — 417,000 shares (Indirect, By Family LLC)
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
RSUs exercised: 200,000 units
Sale price April 28: $13.3288 per share
+3 more
6 metrics
Shares sold
80,054 shares
Common stock sales on April 28–29, 2026
RSUs exercised
200,000 units
Restricted stock units converted to common stock
Sale price April 28
$13.3288 per share
Weighted average price for common stock sold
Sale price April 29
$13.5639 per share
Weighted average price for common stock sold
Direct holdings after transactions
562,740 shares
Common stock held directly by Caldwell after April 29, 2026
Indirect holdings
417,000 shares
Common stock held indirectly via family LLC
Key Terms
restricted stock unit, tax withholding obligations, weighted average price, indirect, +1 more
5 terms
restricted stock unit financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax withholding obligations financial
"shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting"
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.
indirect financial
"Common Stock ... ownership_type": "indirect", "nature_of_ownership": "By Family LLC""
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion", "transaction_code_description": "Exercise or conversion of derivative security""
FAQ
What insider transactions did SOC President and COO Flores James Caldwell report?
Flores James Caldwell reported exercising 200,000 restricted stock units into common stock and selling 80,054 common shares. The filing notes these sales were to satisfy tax withholding obligations arising from the vesting of his RSUs, rather than discretionary open-market selling.
How many Sable Offshore (SOC) restricted stock units did Caldwell vest and convert?
Caldwell exercised a total of 200,000 restricted stock units into 200,000 common shares over April 28 and 29. Each RSU represents a contingent right to receive one share of common stock, and the RSUs vest in five equal annual installments according to the filing.