Sable Offshore Corp. reports a disclosed beneficial ownership position. As of the close of business on March 31, 2026, Continental General Insurance Company and related reporting persons beneficially owned 13,705,110 shares of Common Stock. The percentage is reported as 9.3%, based on 147,244,086 Shares outstanding as of February 26, 2026.
The filing clarifies the ownership chain: CGIC directly holds the shares; Continental Insurance Group, Ltd., Continental General Holdings LLC, and Michael Gorzynski are deemed to beneficially own the same block through ownership/manager roles. The cover page shows shared voting and dispositive power of 13,705,110 shares for these reporting persons.
Positive
None.
Negative
None.
Insights
9.3% stake disclosed by affiliated insurance and holding entities; ownership is indirect/shared.
The filing lists 13,705,110 shares as directly held by Continental General Insurance Company with shared voting and dispositive power reflected for affiliated entities and the manager. The percentage calculation is tied to February 26, 2026 outstanding shares.
The structure—direct ownership by an insurance subsidiary with deeming at the parent and manager levels—means governance influence may be coordinated across entities; further filings would show any changes to voting arrangements or group action.
Disclosure provides a clear position size and legal attribution for investor records.
The schedule cites the basis for the 9.3% figure using 147,244,086 Shares outstanding as of February 26, 2026 from the annual report. It identifies the reporting persons and addresses for traceability.
Future SEC statements or amendments would be the channel for material changes; corporate communications could clarify any intent to coordinate voting or disposition, but no such intent is stated here.
Key Figures
Shares beneficially owned:13,705,110 sharesPercent of class:9.3%Shares outstanding:147,244,086 Shares
3 metrics
Shares beneficially owned13,705,110 sharesDirectly held by Continental General Insurance Company as of March 31, 2026
Percent of class9.3%Based on 147,244,086 Shares outstanding as of February 26, 2026
Shares outstanding147,244,086 SharesOutstanding shares reported in issuer's Annual Report on Form 10-K as of February 26, 2026
Key Terms
Schedule 13G/A, beneficially owned, shared dispositive power
3 terms
Schedule 13G/Aregulatory
"If a group has filed this schedule pursuant to..."
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
beneficially ownedregulatory
"As of the close of business on March 31, 2026: (i) CGIC directly beneficially owned 13,705,110 shares"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
shared dispositive powerregulatory
"Shared Dispositive Power 13,705,110.00"
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Sable Offshore Corp.
(Name of Issuer)
Common Stock, par value $0.0001 per share
(Title of Class of Securities)
78574H104
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
78574H104
1
Names of Reporting Persons
CONTINENTAL GENERAL INSURANCE CO
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
TEXAS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
13,705,110.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
13,705,110.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
13,705,110.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.3 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
CUSIP Number(s):
78574H104
1
Names of Reporting Persons
Continental Insurance Group, Ltd.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
13,705,110.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
13,705,110.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
13,705,110.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.3 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
CUSIP Number(s):
78574H104
1
Names of Reporting Persons
Continental General Holdings LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
MICHIGAN
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
13,705,110.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
13,705,110.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
13,705,110.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.3 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
78574H104
1
Names of Reporting Persons
Gorzynski Michael
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
13,705,110.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
13,705,110.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
13,705,110.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.3 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Sable Offshore Corp.
(b)
Address of issuer's principal executive offices:
845 TEXAS AVENUE, SUITE 2920, HOUSTON, TX, 77002
Item 2.
(a)
Name of person filing:
The names of the persons filing this statement on Schedule 13G (collectively, the "Reporting Persons") are:
Continental General Insurance Company ("CGIC"),
Continental Insurance Group, Ltd. ("CIG"),
Continental General Holdings LLC ("CGH"), and
Michael Gorzynski ("Mr. Gorzynski").
(b)
Address or principal business office or, if none, residence:
The address of the principal office for Mr. Gorzynski is 595 Madison Avenue, 30th Floor, New York, NY 10022. The principal business address for each of CGIC, CIG and CGH is 11001 Lakeline Blvd., Ste. 120, Austin, TX 78717.
(c)
Citizenship:
CGH is a Michigan limited liability company. CIG is a Delaware corporation. CGIC is a Texas domiciled life and health insurance company. Mr. Gorzynski is a citizen of the United States and Poland.
(d)
Title of class of securities:
Common Stock, par value $0.0001 per share
(e)
CUSIP No.:
78574H104
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
As of the close of business on March 31, 2026:
(i) CGIC directly beneficially owned 13,705,110 shares of Common Stock, par value $0.0001 per share, of the Issuer (the "Shares").
(ii) As the sole owner of CGIC, CIG may be deemed to beneficially own the 13,705,110 Shares beneficially owned by CGIC.
(iii) As the sole owner of CIG, CGH may be deemed to beneficially own the 13,705,110 Shares beneficially owned by CGIC.
(iv) As Manager of CGH, Mr. Gorzynski may be deemed to beneficially own the 13,705,110 Shares beneficially owned by CGIC.
(b)
Percent of class:
The following percentages are based on 147,244,086 Shares outstanding as of February 26, 2026, which is the total number of Shares outstanding as reported in the Issuer's Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 27, 2026.
As of the close of business on March 31, 2026:
(i) CGIC may be deemed to own approximately 9.3% of the outstanding Shares;
(ii) CIG may be deemed to beneficially own approximately 9.3% of the outstanding Shares;
(iii) CGH may be deemed to beneficially own approximately 9.3% of the outstanding Shares; and
(iv) Mr. Gorzynski may be deemed to beneficially own approximately 9.3% of the outstanding Shares.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See Cover Pages Items 5-9.
(ii) Shared power to vote or to direct the vote:
See Cover Pages Items 5-9.
(iii) Sole power to dispose or to direct the disposition of:
See Cover Pages Items 5-9.
(iv) Shared power to dispose or to direct the disposition of:
See Cover Pages Items 5-9.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
See Exhibit 99.1 to the Schedule 13G filed with the Securities and Exchange Commission on February 3, 2026.
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
What stake do the Continental reporting persons hold in Sable Offshore (SOC)?
They beneficially own 13,705,110 shares, reported as approximately 9.3% of outstanding shares based on 147,244,086 shares outstanding as of February 26, 2026.
Who are the reporting persons named in the Schedule 13G/A for SOC?
The filing names Continental General Insurance Company, Continental Insurance Group, Ltd., Continental General Holdings LLC, and Michael Gorzynski as the reporting persons with stated addresses and citizenships.
As of what date is the 13,705,110-share position reported?
The position is reported as of the close of business on March 31, 2026, per the Schedule 13G/A filing signed on May 14, 2026.
How was the 9.3% ownership percentage calculated?
The percentage uses 147,244,086 Shares outstanding as of February 26, 2026, as cited from the issuer's Annual Report on Form 10-K filed February 27, 2026.
Does the filing state who controls voting or disposition of the shares?
The cover information shows shared voting power and shared dispositive power of 13,705,110 shares among the reporting persons; sole power entries are shown as 0.00 on the cover page.
