Home / Auditor changes / Sable Offshore Corp.
Filed 2026-07-13 路 Form 8-K 路 Accession 0001831481-26-000097 small
Price before filing: $3.92 (2026-07-10 close, split/dividend-adjusted)
Market cap at flag: $679.9M (2026-07-13) 路 Latest: $509.5M (2026-10-16)
| Window | SOC | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +11.7% | +2.3% | +9.4% | 2026-08-12 |
| 90 days | -4.8% | +3.3% | -8.2% | 2026-10-12 |
| 180 days | pending | pending | until 2027-01-09 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 4 insiders sold $5.1M (8 sales)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-04-28 | Duenner Anthony See Remarks | Sale | 40,743 | $13.33 | $543K | no | Form 4 |
| 2026-04-28 | FLORES JAMES C Chairman & CEO, Director, 10% owner | Sale | 71,297 | $13.33 | $950K | no | Form 4 |
| 2026-04-28 | Flores James Caldwell President, COO | Sale | 40,743 | $13.33 | $543K | no | Form 4 |
| 2026-04-28 | Patrinely Gregory D. EVP, CFO | Sale | 40,743 | $13.33 | $543K | no | Form 4 |
| 2026-04-29 | Duenner Anthony See Remarks | Sale | 39,312 | $13.56 | $533K | no | Form 4 |
| 2026-04-29 | FLORES JAMES C Chairman & CEO, Director, 10% owner | Sale | 68,792 | $13.56 | $933K | no | Form 4 |
| 2026-04-29 | Flores James Caldwell President, COO | Sale | 39,311 | $13.56 | $533K | no | Form 4 |
| 2026-04-29 | Patrinely Gregory D. EVP, CFO | Sale | 39,311 | $13.56 | $533K | no | Form 4 |
| 2026-07-13: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2026-04-14 to 2026-08-12. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"On July 10, 2026, Sable Offshore Corp., ("the "Company") was notified by Ham, Langston and Brezina, LLP ("HL&B"), the Company's independent registered public accounting firm, that HL&B completed a transaction pursuant to which, among other things, CohnReznick LLP ("CohnReznick") acquired certain assets of HL&B. As a result of this transaction, on July 10, 2026, HL&B resigned as the Company's independent registered..."
Quoted from the filing. Source
The company changed its outside auditor (8-K Item 4.01). A dismissal or resignation, especially near an annual report or with reported disagreements, is a warning sign. Changes caused by audit firms merging are usually routine.
Type: routine (audit-firm merger)
Disagreements reported: no
Former auditor: Ham, Langston & Brezina, L.L.P. · New auditor: CohnReznick LLP
Why this score: routine: audit firm merged/was acquired
Read the original filing on SEC.gov →
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