VG insider notice: 840,076 shares via Morgan Stanley, $11.54M planned sale

Rhea-AI Filing Summary

Venture Global, Inc. filed a Form 144 notice reporting a proposed sale of common stock. The filing shows 840,076 shares offered for sale through Morgan Stanley Smith Barney LLC on the NYSE with an aggregate market value of $11,540,040. The filing lists the approximate date of sale as 09/11/2025. According to the acquisition table, the shares were acquired on 09/11/2025 by exercise of options under a registered plan and paid for in cash, split as 500,000 and 340,076 shares in two line items. The filer reports no securities sold in the past three months and makes the standard representation about possession of material nonpublic information.

Positive

• Clear compliance with Rule 144 procedures evidenced by broker disclosure and detailed share counts
• Payment in cash at exercise indicates straightforward settlement of option exercises

Negative

• None.

Insights

Securities Analyst

TL;DR: Insider sale notice for 840,076 shares valued at $11.54M via option exercises signals a planned disposition, not a market surprise.

The Form 144 indicates an intended sale by a person exercising registered plan options on the same date as acquisition, with full cash payment. The use of a broker and the filing under Rule 144 are procedural steps for selling restricted or control securities. Because the filing reports acquisition by exercise and immediate proposed sale, the item is primarily administrative; it documents planned liquidity by an insider or related person rather than an operational development. Impact to investors depends on context not present in this filing, such as the identity and ownership percentage of the seller.

Corporate Governance Specialist

TL;DR: This is a routine disclosure under Rule 144 for shares acquired via option exercise and offered for sale through a broker.

The notice contains standard attestations and shows no prior sales in the past three months. The filing confirms compliance intent with Rule 144 procedures by providing broker, share counts, and payment method. From a governance perspective, the document is a transparency measure and does not by itself indicate a governance issue or regulatory event. Material implications would require knowing the seller's role and total holdings, which are not provided in this filing.

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	840076	11540040.00	459342313	09/11/2025	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	09/11/2025	Exercise of options under a registered plan	Issuer			500000	09/11/2025	Cash
Common	09/11/2025	Exercise of options under a registered plan	Issuer			340076	09/11/2025	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

Nothing to Report

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 does Venture Global's Form 144 filed for VG report?

The form reports a proposed sale of 840,076 common shares through Morgan Stanley Smith Barney LLC on the NYSE, with aggregate market value $11,540,040 and an approximate sale date of 09/11/2025.

How were the VG shares being sold acquired?

The shares were acquired on 09/11/2025 by exercise of options under a registered plan and paid for in cash, in two tranches of 500,000 and 340,076 shares.

Did the filer report any VG securities sold in the past three months?

No. The filing states Nothing to Report for securities sold during the past three months by the person for whose account the securities are to be sold.

Which broker is handling the proposed VG share sale?

The broker named is Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza.

Does the Form 144 include any representations about material nonpublic information?

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