# EDGAR Filing Document

**Accession Number:** 0001831481
**File Stem:** 0000919574-25-007078
**Filing Date:** 2025-11
**Character Count:** 14770
**Document Hash:** d81cbacc5c27978c58270f22917173fd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000919574-25-007078.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0000919574-25-007078

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G/A

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**SUBJECT COMPANY**: 

**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

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-92820
- **FILM NUMBER:** 251489083

**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
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Pilgrim Global ICAV
- **CENTRAL INDEX KEY:** 0001687806

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** L2
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G/A

**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

## Ex-99

<u>Exhibit A</u>

<u>JOINT FILING AGREEMENT</u>

The undersigned agree that this Schedule 13G Amendment No. 2 dated November 14, 2025 relating to the Common Stock, par value $0.0001 per share, of Sable Offshore Corp. shall be filed on behalf of the undersigned.

---

| |
|:---|
| &nbsp;&nbsp; PILGRIM GLOBAL ICAV<br>By: /s/ Paul Fitzgerald |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Paul Fitzgerald |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Executive Director |

---

---

| |
|:---|
| &nbsp;&nbsp; PILGRIM GLOBAL ADVISORS LLC<br>By: /s/ Procter J. Hug IV |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Procter J. Hug IV |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Manager |

---

&nbsp;&nbsp; DARREN MAUPIN<br>By: /s/ Darren Maupin<br>

## Ex-99

<u>Exhibit B</u>

<u>CONTROL PERSON IDENTIFICATION</u>

Pilgrim Global Advisors LLC is the relevant entity for which Darren Maupin may be considered a control person.

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**(Amendment No. 2)**

**Issuer:** Sable Offshore Corp.

**Title of Class of Securities:** Common Stock, par value $0.0001 per share

**CUSIP Number:** 78574H104

**Date of Event Which Requires Filing of this Statement:** 09/30/2025

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [x] Rule 13d-1(b)

- [ ] Rule 13d-1(c)

- [ ] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>Pilgrim Global ICAV | Names of Reporting Persons<br>Pilgrim Global ICAV |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>L2 | Citizenship or Place of Organization<br>L2 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>9933394.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>9933394.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>9933394.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>9933394.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>10.0% | Percent of Class Represented by Amount in Row (9)<br>10.0% |
| 12. | Type of Reporting Person (See Instructions)<br>FI | Type of Reporting Person (See Instructions)<br>FI |

**Comment for Type of Reporting Person:** These numbers are as of September 30, 2025. As of November 14, 2025, Pilgrim Global ICAV beneficially owns 18,206,121 shares of the Issuer.

---

| 1. | Names of Reporting Persons<br>Pilgrim Global Advisors LLC | Names of Reporting Persons<br>Pilgrim Global Advisors LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>10167910.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>10167910.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>10167910.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>10167910.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>10.2% | Percent of Class Represented by Amount in Row (9)<br>10.2% |
| 12. | Type of Reporting Person (See Instructions)<br>IA | Type of Reporting Person (See Instructions)<br>IA |

**Comment for Type of Reporting Person:** These numbers are as of September 30, 2025. As of November 14, 2025, Pilgrim Global Advisors LLC beneficially owns 18,440,637 shares of the Issuer.

---

| 1. | Names of Reporting Persons<br>Darren Maupin | Names of Reporting Persons<br>Darren Maupin |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>V8 | Citizenship or Place of Organization<br>V8 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>239078.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>10167910.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>239078.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>10167910.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>10406988.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>10406988.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>10.5% | Percent of Class Represented by Amount in Row (9)<br>10.5% |
| 12. | Type of Reporting Person (See Instructions)<br>HC, IN | Type of Reporting Person (See Instructions)<br>HC, IN |

**Comment for Type of Reporting Person:** These numbers are as of September 30, 2025. As of November 14, 2025, Darren Maupin beneficially owns 18,679,715 shares of the Issuer.

---

**Item 1(a). Name of Issuer:**
Sable Offshore Corp.

**Item 1(b). Address of Issuer's Principal Executive Offices:**
845 Texas Avenue, Suite 2920, Houston, Texas 77002

**Item 2(a). Name of Person Filing:**
Pilgrim Global ICAV
Pilgrim Global Advisors LLC
Darren Maupin

**Item 2(b). Address of Principal Business Office:**
Pilgrim Global ICAV
33 Sir John Rogerson's Quay
Dublin 2
Ireland

Pilgrim Global Advisors LLC
4785 Caughlin Parkway
Reno, Nevada 89519

Darren Maupinc/o Pilgrim Global Advisors LLC
4785 Caughlin Parkway
Reno, Nevada 89519

**Item 2(c). Citizenship:**
Pilgrim Global ICAV - Ireland
Pilgrim Global Advisors LLC - Delaware
Darren Maupin - Switzerland

**Item 2(d). Title of Class of Securities:**
Common Stock, par value $0.0001 per share

**Item 2(e). CUSIP Number:**
78574H104

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [x] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f) [ ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) [x] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), if filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

**Item 4. Ownership:**

**(a) Amount beneficially owned:**

Pilgrim Global ICAV - 9,933,394(1)
Pilgrim Global Advisors LLC - 10,167,910(2)
Darren Maupin - 10,406,988(3)
_____________________
(1) These numbers are as of September 30, 2025. As of November 14, 2025, Pilgrim Global ICAV beneficially owns 18,206,121 shares of the Issuer.
(2) These numbers are as of September 30, 2025. As of November 14, 2025, Pilgrim Global Advisors LLC beneficially owns 18,440,637 shares of the Issuer.
(3) These numbers are as of September 30, 2025. As of November 14, 2025, Darren Maupin beneficially owns 18,679,715 shares of the Issuer.

**(b) Percent of class:**

Pilgrim Global ICAV - 10.0%
Pilgrim Global Advisors LLC - 10.2%
Darren Maupin - 10.5%

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

Pilgrim Global ICAV - 0
Pilgrim Global Advisors LLC - 0
Darren Maupin - 239,078

**(ii) Shared power to vote or to direct the vote:**

Pilgrim Global ICAV - 9,933,394
Pilgrim Global Advisors LLC - 10,167,910
Darren Maupin - 10,167,910

**(iii) Sole power to dispose or to direct the disposition of:**

Pilgrim Global ICAV - 0
Pilgrim Global Advisors LLC - 0
Darren Maupin - 239,078

**(iv) Shared power to dispose or to direct the disposition of:**

Pilgrim Global ICAV - 9,933,394
Pilgrim Global Advisors LLC - 10,167,910
Darren Maupin - 10,167,910

**Item 5. Ownership of Five Percent or Less of a Class.**

[x] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

With the exception of the 239,078 shares of Common Stock, par value $0.0001 per share, which are owned by Darren Maupin in his individual capacity, all of the securities reported in this Schedule 13G Amendment No. 2 are directly owned by advisory clients and employees of Pilgrim Global Advisors LLC or its affiliates. No such person, other than Pilgrim Global ICAV, may be deemed to beneficially own more than 5% of the Common Stock, par value $0.0001 per share.

**Item 7. Identification and Classification of the Subsidiary**

Please see Exhibit B attached hereto.

**Item 8. Identification and Classification of Members of the Group**

Not Applicable

**Item 9. Notice of Dissolution of Group**

Not Applicable

**Item 10. Certification:**

By all Reporting Persons:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

By Pilgrim Global ICAV:

By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to Irish Collective Asset-Management Vehicles is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Pilgrim Global ICAV**

**Date:** 11/14/2025

**By:** /s/ Paul Fitzgerald

**Name & Title:** Paul Fitzgerald / Executive Director

**Pilgrim Global Advisors LLC**

**Date:** 11/14/2025

**By:** /s/ Procter J. Hug IV

**Name & Title:** Procter J. Hug IV / Manager

**Darren Maupin**

**Date:** 11/14/2025

**By:** /s/ Darren Maupin

**Name & Title:** Darren Maupin