Christopher Binyon Sarofim - 22 Aug 2023 Form 4 Insider Report for Flame Acquisition Corp. (SOC)

Role
Director, 10%+ Owner
Signature
/s/ Gregory D. Patrinely, Attorney-in-Fact
Issuer symbol
SOC
Transactions as of
22 Aug 2023
Transactions value $
$60,000,000
Form type
4
Filing time
16 Feb 2024, 17:17:48 UTC
Previous filing
25 May 2023
Next filing
30 Apr 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SOC Common Stock Conversion of derivative security +96,875 +19.38% 596,875 22 Aug 2023 Direct F1, F2
transaction SOC Common Stock Purchase $30,000,000 +3,000,000 $10 3,000,000 14 Feb 2024 By Victorious Angel Group LTD
transaction SOC Common Stock Purchase $30,000,000 +3,000,000 $10 3,000,000 14 Feb 2024 By Fayez Sarofim & Co.

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 -96,875 -100% $0* 0 22 Aug 2023 Common Stock 96,875 Direct F2
* 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.