What happened
The FAA’s narrative, in sentence case. The FAA writes it in capitals and removes private details.
The pilot in command was repositioning the aircraft to a location more protected from the weather. Doing so required getting on the "step" to avoid shoals and going so FAR off shore as to encounter high waves, rough water and higher strength winds. While on the "step" the aircraft encountered a wind gust or shear that lifted the right wing, which resulted in the airplane rolling 180 degrees to the left, subsequently submerging inverted.
As the FAA filed it
THE PILOT IN COMMAND WAS REPOSITIONING THE AIRCRAFT TO A LOCATION MORE PROTECTED FROM THE WEATHER. DOING SO REQUIRED GETTING ON THE "STEP" TO AVOID SHOALS AND GOING SO FAR OFF SHORE AS TO ENCOUNTER HIGH WAVES, ROUGH WATER AND HIGHER STRENGTH WINDS. WHILE ON THE "STEP" THE AIRCRAFT ENCOUNTERED A WIND GUST OR SHEAR THAT LIFTED THE RIGHT WING, WHICH RESULTED IN THE AIRPLANE ROLLING 180 DEGREES TO THE LEFT, SUBSEQUENTLY SUBMERGING INVERTED.