Form 4: Sable Offshore Corp. EVP, CFO Gregory D. Patrinely Reports Acquisition and Disposal of Common Stock

Gregory D. Patrinely, EVP and CFO of Sable Offshore Corp., reports the acquisition of 650,000 shares of common stock and disposal of 721,875 shares on April 19, 2024.

Summary

• On April 19, 2024, Gregory D. Patrinely, the EVP and CFO of Sable Offshore Corp., reported a transaction involving the company's common stock.
• Patrinely acquired 650,000 shares of common stock.
• Simultaneously, Patrinely disposed of 721,875 shares of common stock.
• Following these transactions, Patrinely still beneficially owns a certain amount of Sable Offshore Corp. common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Future Outlook

The restricted stock award will vest upon the earlier of either first production of the Santa Ynez Unit or three years post-closing of the Issuer's acquisition of the Santa Ynez Unit.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It is important for investors to monitor these filings to understand the actions of key executives.

Stakeholder Impact

• Shareholders may be interested in the trading activity of company executives as it can provide insights into their confidence in the company's prospects.

Key Dates