Pilgrim Global ICAV - Aug 27, 2024 Form 4 Insider Report for Sable Offshore Corp. (SOC)

Role
10%+ Owner
Signature
Pilgrim Global ICAV, By: /s/ Paul FitzGerald, Executive Director
Stock symbol
SOC
Transactions as of
Aug 27, 2024
Transactions value $
$4,187,651
Form type
4
Date filed
8/29/2024, 07:52 PM
Previous filing
May 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SOC Common Stock, par value $0.0001 per share Purchase $633K +41K +0.51% $15.45 8.04M Aug 27, 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SOC Warrants Purchase $2.74M +553K +73.78% $4.95 1.3M Aug 27, 2024 Common Stock, par value $0.0001 per share 553K $11.50 Direct F1, F2, F3
transaction SOC Warrants Purchase $255K +50K +3.84% $5.10 1.35M Aug 29, 2024 Common Stock, par value $0.0001 per share 50K $11.50 Direct F1, F2, F3
transaction SOC Warrants Purchase $560K +100K +7.39% $5.60 1.45M Aug 29, 2024 Common Stock, par value $0.0001 per share 100K $11.50 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The securities are owned directly by Pilgrim Global ICAV and may be deemed to be indirectly beneficially owned by (i) Pilgrim Global Advisors LLC, the investment manager to Pilgrim Global ICAV. Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of its or his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
F2 Each Warrant beneficially owned by the Reporting Persons is exercisable for one share of the Issuer's Common Stock, par value $0.0001 per share.
F3 The Warrants are currently exercisable.