VG Form 144: 159,924-Share Sale; Prior 840,076-Share Insider Sale

Rhea-AI Filing Summary

Venture Global, Inc. filed a Form 144 notice reporting a proposed sale of 159,924 common shares to be executed through Morgan Stanley Smith Barney on 09/12/2025, with an aggregate market value of $2,173,479.11. The filing shows 459,342,313 shares outstanding, so the proposed sale represents a small fraction of the outstanding stock.

The filing states the shares were acquired on 09/12/2025 by exercise of options under a registered plan and paid in cash. The document also discloses a recent sale on 09/11/2025 by Thomas Edward Earl of 840,076 shares for gross proceeds of $11,540,040.00. The filer certifies no undisclosed material adverse information.

Positive

• Acquisition via exercise of options under a registered plan is explicitly stated, showing the shares resulted from a planned, documented grant
• Brokered through Morgan Stanley Smith Barney, indicating use of a major securities intermediary for the proposed sale

Negative

• Recent insider sale: Thomas Edward Earl sold 840,076 shares on 09/11/2025 for gross proceeds of $11,540,040.00, which is a notable insider liquidity event

Insights

Securities Analyst

TL;DR: Routine insider option exercise and small proposed sale; recent larger sale by Thomas Edward Earl is notable but not large relative to shares outstanding.

The filing reports an option exercise acquisition and a proposed brokered sale of 159,924 shares valued at $2.17 million, representing roughly 0.035% of outstanding shares. Prior sale of 840,076 shares on 09/11/2025 produced $11.54 million in gross proceeds and equals about 0.18% of the float. These are transactional disclosures required under Rule 144 rather than operational updates; they provide liquidity context for insiders without signaling material company changes.

Corporate Governance Expert

TL;DR: Disclosure is procedural and indicates sales occurred under a registered plan and via a broker, consistent with routine compliance.

The notice explicitly states the 159,924 shares were acquired by exercise of options under a registered plan and will be sold through Morgan Stanley Smith Barney. The filing includes the representational certification about absence of undisclosed material adverse information. From a governance perspective, the form documents compliance with Rule 144 sale requirements and records an insider liquidity event; it does not disclose any governance concerns or departures.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	159924	2173479.11	459342313	09/12/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	09/12/2025	Exercise of options under a registered plan	Issuer			159924	09/12/2025	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
THOMAS EDWARD EARL 1001 19th Street North Suite 1500 ARLINGTON VA 22209	Common	09/11/2025	840076	11540040.00

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What did Venture Global (VG) file in this Form 144?

The filing notifies a proposed sale of 159,924 common shares via Morgan Stanley Smith Barney on 09/12/2025 with aggregate market value of $2,173,479.11.

How were the 159,924 shares acquired according to the filing?

The filing states the shares were acquired on 09/12/2025 by exercise of options under a registered plan and paid for in cash.

Did any related insider sales occur recently for VG?

Yes. The filing discloses Thomas Edward Earl sold 840,076 shares on 09/11/2025 for gross proceeds of $11,540,040.00.

What portion of Venture Global's shares does the proposed sale represent?

The company shows 459,342,313 shares outstanding; the proposed sale of 159,924 shares is a small fraction of that total (about 0.035%).

Does the filing state any undisclosed material information about Venture Global's operations?

The filer signs a certification representing that they do not know any material adverse information about the issuer that has not been publicly disclosed.