Flores Amends Sable Offshore Stake Filing

TL;DR

Flores updated his 13D filing for Sable Offshore Corp. (SOFF) - check for ownership changes.

AI Summary

James C. Flores filed an amendment (No. 1) to Schedule 13D on October 7, 2024, regarding Sable Offshore Corp. This filing indicates a change in beneficial ownership of the company's common stock. The filing was made as of October 3, 2024, and relates to the CUSIP number 78574H104.

Why It Matters

This amendment signals a potential shift in control or investment strategy by a significant shareholder in Sable Offshore Corp., which could impact the stock's future performance.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate significant stake changes by investors, which can lead to increased volatility and potential strategic shifts in the company.

Key Players & Entities

• Sable Offshore Corp. (company) — Subject Company
• James C. Flores (person) — Filing Person
• 78574H104 (other) — CUSIP Number
• October 7, 2024 (date) — Filing Date
• October 3, 2024 (date) — Date of Event

FAQ

Key Financial Figures

• $0.0001 — relating to the common stock, par value $0.0001 per share (the Common Stock), of Sable

Filing Documents

• d869613dsc13da.htm (SC 13D/A) — 34KB
• 0001193125-24-233379.txt ( ) — 35KB

of the Schedule 13D is hereby amended and supplemented as follows

Item 3 of the Schedule 13D is hereby amended and supplemented as follows: The information in Item 4 of this Amendment No. 1 is incorporated by reference herein. Item4. Purpose of Transaction.

of the

Item 4 of the Schedule 13D is hereby amended and supplemented as follows: Agreement of Purchase and Sale On October 3, 2024, Sable Aviation, LLC, an entity controlled by the Reporting Person, and the Issuer entered into an Agreement of Purchase and Sale, pursuant to which Sable Aviation, LLC sold transportation assets and related equipment in exchange for 600,000 shares of Common Stock. CUSIP No. 78574H104 13D Page 3 of 4 pages Item5. Interest in Securities of the Issuer.

of the Schedule 13D is hereby amended and restated in its entirety as follows

Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows: (a) (b) The following sets forth, as of the date of this Schedule 13D, the aggregate number of shares of Common Stock and percentage of Common Stock beneficially owned by the Reporting Person, as well as the number of shares of Common Stock as to which the Reporting Person has the sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition of, or shared power to dispose or to direct the disposition of, as of the date hereof, based on 79,729,374 shares of Common Stock outstanding as of October 4, 2024. Reporting Person Amount beneficially owned Percent of class Sole power to vote or to direct the vote Shared power to vote or to direct the vote Sole power to dispose or to direct the disposition Shared power to dispose or to direct the disposition James C. Flores 17,670,120 20.5 % 17,670,120 0 17,670,120 0 The share amount reported herein consists of (i) 7,963,750 shares of Common Stock held by the Reporting Person, (ii) 2,625,000 shares of Common Stock held by family limited partnerships, over which the Reporting Person has sole investment and voting discretion, (iii) 600,000 shares of Common Stock held by Sable Aviation, LLC, over which the Reporting Person has sole voting and dispositive power and (iv) 6,481,370 shares of Common Stock underlying Warrants held by the Reporting Person that are exercisable within 60 days. (c) Except as described in Item 3 and Item 4, during the past 60 days, the Reporting Person has not effected any transactions with respect to the Common Stock. (d) None. (e) Not applicable. CUSIP No. 78574H104 13D Page 4 of 4 pages

SIGNATURES

SIGNATURES 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. Date: October 7, 2024 By: /s/ James C. Flores Name: James C. Flores

View Full Filing

View this SC 13D/A filing on SEC EDGAR