Gregory D. Patrinely - 22 Aug 2023 Form 4 Insider Report for Flame Acquisition Corp. (SOC)

Role: EVP, CFO
Signature: /s/ Gregory D. Patrinely
Issuer symbol: SOC
Transactions as of: 22 Aug 2023
Net transactions value: $0
Form type: 4
Filing time: 16 Feb 2024, 17:03:53 UTC
Next filing: 30 Apr 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SOC	Common Stock	Conversion of derivative security		+71,875			71,875	22 Aug 2023	Direct	F1, F2

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	Class B Common Stock	Conversion of derivative security	$0	-71,875	-100%	$0.000000^*	0	22 Aug 2023	Common Stock	71,875		Direct	F2
transaction	SOC	Warrants	Award		+256,667	+331%		334,167	14 Feb 2024	Common Stock	256,667	$11.50	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	In connection with the closing of the Issuer's business combination, each share of Class A Common Stock of Flame Acquisition Corp. was reclassified as Common Stock of the Issuer.
F2	On August 22, 2023, all outstanding Class B Common Stock automatically converted into Class A Common Stock at on a one-for-one basis.
F3	Represents Warrants received in connection with the closing of the Issuer's business combination pursuant to the terms of the Agreement and Plan of Merger, dated as of November 2, 2022 (as amended on December 22, 2022 and June 30, 2023), by and among Flame Acquisition Corp., Sable Offshore Corp. and Sable Offshore Holdings LLC.