Pilgrim Global ICAV - Oct 25, 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
Oct 25, 2024
Transactions value $
$16,713,801
Form type
4
Date filed
10/29/2024, 07:55 PM
Previous filing
Sep 23, 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 Conversion of derivative security $16.7M +1.45M +16.53% $11.50 10.2M Oct 25, 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 Conversion of derivative security $0 -1.45M -100% $0.00 0 Oct 25, 2024 Common Stock, par value $0.0001 per share 1.45M $11.50 Direct F1, F2
* 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 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 The Warrants were currently exercisable.