SCHEDULE: FMR LLC Reports 0.5% Stake in Sable Offshore Corp
Beneficial Ownership Report
FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, reporting a beneficial ownership of 0.5% of Sable Offshore Corp's common stock as of September 30, 2025.
Summary
- FMR LLC and Abigail P. Johnson collectively beneficially own 516,534.54 shares of Sable Offshore Corp common stock.
- This ownership represents 0.5% of the total outstanding common stock of Sable Offshore Corp.
- FMR LLC holds sole voting power over 515,660.00 shares and sole dispositive power over 516,534.54 shares.
- Abigail P. Johnson holds sole dispositive power over 516,534.54 shares, with no sole or shared voting power.
- The filing is an Amendment No. 4 to a Schedule 13G, indicating a routine update to a previously disclosed passive investment.
- The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing the control of Sable Offshore Corp.
Sentiment
Score: 5
Explanation: The filing is a routine disclosure of beneficial ownership, indicating a passive stake without any explicit positive or negative operational or financial news for Sable Offshore Corp.
Positives
- FMR LLC, a significant institutional investor, maintains a beneficial ownership stake in Sable Offshore Corp, indicating continued institutional interest.
- The investment is stated to be for ordinary course of business, not for control, suggesting stability in the company's governance structure regarding this stake.
Negatives
- The beneficial ownership represents a relatively small stake of 0.5% of the company's common stock, which may not signal strong conviction or significant institutional backing.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Internal Governance Structure Disclosure | FMR LLC's internal governance structure involves the Johnson family, including Abigail P. Johnson, as predominant owners of Series B voting common shares, representing 49% of the voting power. | NA | A shareholders' voting agreement ensures all Series B voting common shares are voted according to the majority, potentially deeming the Johnson family a controlling group for FMR LLC under the Investment Company Act of 1940. This clarifies the reporting entity's internal control structure. |
Stakeholder Impact
- Shareholders of Sable Offshore Corp are informed of the passive 0.5% beneficial ownership by FMR LLC and Abigail P. Johnson, providing transparency on institutional holdings.
Key Dates
| Date | Description |
|---|---|
| 01/03/2023 | Effective date of Power of Attorney for FMR LLC. |
| 01/10/2023 | Date of Schedule 13G filing by FMR LLC where Power of Attorney was incorporated by reference. |
| 01/26/2023 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 01/31/2023 | Date of Schedule 13G filing by FMR LLC where Abigail P. Johnson's Power of Attorney was incorporated by reference. |
| 09/30/2025 | Date of event which requires filing of this statement. |
| 10/06/2025 | Date of signing for FMR LLC and Abigail P. Johnson. |
Recommendation
holdThis Schedule 13G filing is a routine disclosure of a passive, non-controlling stake by FMR LLC and Abigail P. Johnson. It does not contain any new financial or operational information about Sable Offshore Corp that would warrant a change in investment thesis. The 0.5% ownership is too small to signal significant institutional conviction or concern, thus a 'hold' recommendation is appropriate as it provides no new actionable insights for a buy or sell decision.
Keywords
Sable Offshore Corp, FMR LLC, Abigail P. Johnson, Schedule 13G, beneficial ownership, common stock, institutional investor
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