SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 10.1% Stake in Sable Offshore Corp

FMR LLC and its Chairman and CEO, Abigail P. Johnson, have disclosed a beneficial ownership of 10.1% in Sable Offshore Corp, totaling over 9 million shares, as of December 31, 2024.

Summary

• FMR LLC and Abigail P. Johnson, its Chairman and CEO, jointly reported beneficial ownership of 9,025,717 shares of Sable Offshore Corp's common stock.
• This aggregate amount represents 10.1% of the outstanding common stock of Sable Offshore Corp.
• FMR LLC holds sole voting power over 9,025,072 shares and sole dispositive power over 9,025,717 shares.
• Abigail P. Johnson holds sole dispositive power over 9,025,717 shares, with no sole or shared voting power.
• The filing is an Amendment No. 2 to Schedule 13G, indicating a passive investment not intended to influence control of the issuer.
• FMR LLC is classified as a parent holding company, with subsidiaries like Fidelity Management & Research Company LLC, Fidelity Management Trust Company, and Strategic Advisers LLC involved in the beneficial ownership.
• Fidelity Management & Research Company LLC beneficially owns 5% or greater of the outstanding shares.
• The Johnson family, including Abigail P. Johnson, are the predominant owners of Series B voting common shares of FMR LLC, representing 49% of the voting power, and may be deemed a controlling group with respect to FMR LLC.

Sentiment

Score: 5

Explanation: The document is a neutral, factual disclosure of beneficial ownership, providing no positive or negative operational or financial information about the issuer.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding Sable Offshore Corp's future operations or financial performance. It solely pertains to beneficial ownership disclosure.

Industry Context

This filing is a standard disclosure of a significant ownership stake by a major institutional investment firm, FMR LLC (Fidelity), in a publicly traded company. Such disclosures are common and reflect investment decisions within the broader financial markets, rather than specific industry trends for Sable Offshore Corp.

Stakeholder Impact

• Shareholders may view the significant stake held by a prominent institutional investor like FMR LLC as a positive signal of confidence in Sable Offshore Corp.

Key Dates

Keywords

Sable Offshore Corp, FMR LLC, Abigail P. Johnson, Beneficial Ownership, Schedule 13G, Common Stock, Institutional Investor, SEC Filing, Investment Management