| FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 02/14/2024 |
3. Issuer Name and Ticker or Trading Symbol
Sable Offshore Corp. [ SOC ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) 03/22/2024 |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Beneficially Owned | |||
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| 1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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| 1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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| Explanation of Responses: |
| Remarks: |
| On March 22, 2024, Pilgrim Global Advisors LLC (the "Adviser") and Pilgrim Global ICAV (the "Fund" and, together with the Adviser, the "Pilgrim Entities") filed a Form 3 that should not have been filed because neither of the Pilgrim Entities is the beneficial owner of any Common Shares (the "Shares") of Sable Offshore Corp. ("Sable") for purposes of Section 16 by virtue of Rule 16a-1(a)(1)(v) and Rule 16a-1(a)(1)(x). This filing amends and revokes the Form 3 filed by the Pilgrim Entities. The Adviser, which is registered as an investment adviser under Section 203 of the Investment Advisers Act of 1940, does not have beneficial ownership of any Shares pursuant to Rule 16a-1(a)(1)(v). The Fund, which is registered as an Irish Collective Asset-Management Vehicle in Ireland with the Central Bank pursuant to Part 9 of the Irish Collective Asset-Management Vehicles Act, and which is the functional equivalent of an investment company registered under section 8 of the Investment Company Act of 1940, does not have beneficial ownership of Shares pursuant to Rule 16a-1(a)(1)(x). Additionally, the Fund has delegated all investment and voting authority to the Adviser and such delegation can only be terminated on six months' notice. 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). |
| No securities are beneficially owned. |
| Pilgrim Global ICAV, By: /s/ Paul Fitzgerald, Executive Director | 11/06/2025 | |
| Pilgrim Global Advisors LLC, By: /s/ Procter J. Hug, IV, Manager | 11/06/2025 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||