Sable Offshore SEC Filings

Sable Offshore Corp. (SOC) — amended insider report: Pilgrim Global Advisors LLC and Pilgrim Global ICAV filed a Form 4/A stating that a previously reported April 17, 2025 disposition should not have been filed. The activity was actually an in-kind, pro rata distribution of Sable common shares to certain controlling shareholders on March 30, 2025, which did not change pecuniary interest. The Pilgrim entities state they are not beneficial owners under Rule 16a-1(a)(1)(v) and (x) due to delegated authority and that any shares are held for third-party investors. They indicate they are not subject to Section 16(a) reporting or 16(b) matching and that the prior filing should be deemed revoked.

Pilgrim Global Advisors LLC and Pilgrim Global ICAV filed an amended Form 3 for Sable Offshore Corp. (SOC), revoking a prior filing and stating they are not beneficial owners for Section 16 purposes. The amendment clarifies that any shares associated with the Pilgrim entities are held for the benefit of third‑party investors and that investment and voting authority was delegated to the Adviser.

No securities are beneficially owned. The event date is 02/14/2024, and the original filing referenced was dated 03/22/2024.

Sable Offshore Corp. announced an amendment to its Senior Secured Term Loan with Exxon that will take effect only after conditions are met, including equity contributions of at least $225.0 million, net of fees and expenses.

Once effective, the amendment extends the loan maturity to the earlier of March 31, 2027 or 90 days after first sales of Hydrocarbons, raises the interest rate from 10% to 15% per annum (compounded annually) with payments due each January 1, and permits paid‑in‑kind interest additions to principal. It also adds reporting covenants and a monthly liquidity covenant requiring at least $25.0 million in unrestricted cash.

The company furnished a press release and presentation and scheduled a special conference call on November 3, 2025 at 8:00am CST / 9:00am EST to discuss the strategic update.

Sable Offshore Corp. (SOC) furnished an Item 7.01 Form 8-K announcing it issued a press release responding to the California Office of the State Fire Marshal (OSFM). The filing includes the OSFM letter and Sable’s response as exhibits.

The materials are provided as information only and, as furnished under Item 7.01, are not deemed “filed” for purposes of Section 18 of the Exchange Act or incorporated by reference. Exhibits: 99.1 (press release), 99.2 (OSFM letter), 99.3 (Sable response).

Pilgrim Global ICAV and Pilgrim Global Advisors LLC filed a Form 3 for Sable Offshore Corp. (SOC), reporting initial beneficial ownership as of 10/15/2025. The filing lists 9,950,749 shares of common stock held directly by Pilgrim Global ICAV.

The relationship box indicates Director. The filing states the securities may be deemed indirectly owned by Pilgrim Global Advisors LLC, and each reporting person disclaims beneficial ownership except to the extent of any pecuniary interest.

Sable Offshore Corp. (SOC) reported insider activity on 10/15/2025 via a Form 4 filed by Pilgrim Global ICAV and Pilgrim Global Advisors LLC (form filed by more than one reporting person). The filing lists two common stock transactions: 563,886 shares at a weighted average price of $14.74 and 418,759 shares at a weighted average price of $15.44.

Price ranges disclosed were $14.18–$15.18 and $15.19–$15.82, respectively. Following the reported transactions, 10,933,394 shares were beneficially owned directly. The reporting persons note standard disclaimers regarding beneficial ownership.

Sable Offshore Corp. furnished a communication under Item 7.01, providing an update on its ongoing litigation with the California Coastal Commission. The update was issued via a press release dated October 15, 2025 and is attached as Exhibit 99.1. The furnished information is not deemed “filed” for purposes of Section 18 of the Exchange Act and is incorporated by reference only as stated.

Sable Offshore Corp. received an amended Schedule 13G showing that FMR LLC and Abigail P. Johnson beneficially hold 516,534.54 shares of common stock, representing 0.5% of the class as of 09/30/2025. The filing lists FMR LLC with 515,660 shares of sole voting power and 516,534.54 shares of sole dispositive power; Abigail P. Johnson is reported with sole dispositive power for 516,534.54 shares and no voting power.

The statement certifies the holdings are held in the ordinary course of business and not for the purpose of changing or influencing control. The amendment is signed on behalf of both reporting persons by an authorized representative on 10/06/2025. An Exhibit 99 13d-1(k)(1) agreement is referenced.