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

Role
EVP, CFO
Signature
/s/ Gregory D. Patrinely
Stock symbol
SOC
Transactions as of
Aug 22, 2023
Transactions value $
$0
Form type
4
Date filed
2/16/2024, 05:03 PM
Next filing
Apr 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SOC Common Stock Conversion of derivative security +71.9K 71.9K Aug 22, 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 -71.9K -100% $0.00* 0 Aug 22, 2023 Common Stock 71.9K Direct F2
transaction SOC Warrants Award +257K +331.18% 334K Feb 14, 2024 Common Stock 257K $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.