<SEC-DOCUMENT>0000919574-25-006477.txt : 20251106
<SEC-HEADER>0000919574-25-006477.hdr.sgml : 20251106
<ACCEPTANCE-DATETIME>20251106155043
ACCESSION NUMBER:		0000919574-25-006477
CONFORMED SUBMISSION TYPE:	4/A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20250331
FILED AS OF DATE:		20251106
DATE AS OF CHANGE:		20251106

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Pilgrim Global ICAV
		CENTRAL INDEX KEY:			0001687806
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			L2
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40111
		FILM NUMBER:		251457947

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		33 SIR JOHN ROGERSON'S QUAY
		CITY:			DUBLIN
		PROVINCE COUNTRY:   	L2
		ZIP:			D2
		BUSINESS PHONE:		35316192347

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		33 SIR JOHN ROGERSON'S QUAY
		CITY:			DUBLIN
		PROVINCE COUNTRY:   	L2
		ZIP:			D2

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Pilgrim Global Advisors LLC
		CENTRAL INDEX KEY:			0001963918
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40111
		FILM NUMBER:		251457946

	BUSINESS ADDRESS:	
		STREET 1:		4785 CAUGHLIN PARKWAY
		CITY:			RENO
		STATE:			NV
		ZIP:			89519
		BUSINESS PHONE:		776-301-3963

	MAIL ADDRESS:	
		STREET 1:		4785 CAUGHLIN PARKWAY
		CITY:			RENO
		STATE:			NV
		ZIP:			89519

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Sable Offshore Corp.
		CENTRAL INDEX KEY:			0001831481
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		ORGANIZATION NAME:           	01 Energy & Transportation
		EIN:				853514078
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		845 TEXAS AVENUE
		STREET 2:		SUITE 2920
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77002
		BUSINESS PHONE:		(713) 579-6106

	MAIL ADDRESS:	
		STREET 1:		845 TEXAS AVENUE
		STREET 2:		SUITE 2920
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77002

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Flame Acquisition Corp.
		DATE OF NAME CHANGE:	20201105
</SEC-HEADER>
<DOCUMENT>
<TYPE>4/A
<SEQUENCE>1
<FILENAME>ownership.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0508</schemaVersion>

    <documentType>4/A</documentType>

    <periodOfReport>2025-03-31</periodOfReport>

    <dateOfOriginalSubmission>2025-04-17</dateOfOriginalSubmission>

    <notSubjectToSection16>1</notSubjectToSection16>

    <issuer>
        <issuerCik>0001831481</issuerCik>
        <issuerName>Sable Offshore Corp.</issuerName>
        <issuerTradingSymbol>SOC</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001687806</rptOwnerCik>
            <rptOwnerName>Pilgrim Global ICAV</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>33 SIR JOHN ROGERSON'S QUAY</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>DUBLIN</rptOwnerCity>
            <rptOwnerState>L2</rptOwnerState>
            <rptOwnerZipCode>D2</rptOwnerZipCode>
            <rptOwnerStateDescription>IRELAND</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001963918</rptOwnerCik>
            <rptOwnerName>Pilgrim Global Advisors LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>4785 CAUGHLIN PARKWAY</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>RENO</rptOwnerCity>
            <rptOwnerState>NV</rptOwnerState>
            <rptOwnerZipCode>89519</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>0</aff10b5One>

    <remarks>On April 21, 2025, Pilgrim Global Advisors LLC (the &quot;Adviser&quot;) and Pilgrim Global ICAV (the &quot;Fund&quot; and, together with the Adviser, the &quot;Pilgrim Entities&quot;) filed a Form 4 that should not have been filed and which reported a transaction that did not, in fact, occur. The Form 4 reported a disposition of securities on April 17, 2025 that was actually an in-kind distribution of Common Shares (the &quot;Shares&quot;) of Sable Offshore Corp. (&quot;Sable&quot;) on a pro rata basis to certain controlling shareholders of the Adviser on March 30, 2025. Such distribution did not result in a change in pecuniary interest.

As further described in the amended Form 3 filed by the Pilgrim Entities on November 6, 2025, (i) the Adviser does not have beneficial ownership of any Shares pursuant to Rule 16a-1(a)(1)(v) and (ii) the Fund has delegated all investment and voting authority and furthermore does not have beneficial ownership of Shares pursuant to Rule 16a-1(a)(1)(x). The Adviser and the Fund did not acquire any Shares with the purpose or effect of changing or influencing control of Sable or engaging in any arrangement subject to Rule 13d-3(b). Any Shares held by the Pilgrim Entities are held for the benefit of third-party investors. Therefore, neither of the Pilgrim Entities are the beneficial owners of any Shares for purposes of Section 16, and neither of them are subject to the reporting requirements of Section 16(a) or the matching provisions of Section 16(b).

As a result, the Pilgrim Entities were not obligated to file this Form 4 pursuant to Section 16(a) and the transaction reported herein was not matchable pursuant to Rule 16(b). Such Form 4 should be deemed revoked.</remarks>

    <ownerSignature>
        <signatureName>Pilgrim Global ICAV, By: /s/ Paul Fitzgerald, Executive Director</signatureName>
        <signatureDate>2025-11-06</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Pilgrim Global Advisors LLC, By: /s/ Procter J. Hug, IV, Manager</signatureName>
        <signatureDate>2025-11-06</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
