CFO at Venture Global (VG) sells 3,222,223 shares after option exercise

Rhea-AI Filing Summary

Venture Global, Inc. Chief Financial Officer Jonathan W. Thayer reported a series of option exercises and stock sales in Class A Common Stock. On March 18–19, 2026, he exercised stock options to acquire a total of 3,222,223 shares at an exercise price of $1.1600 per share and sold the same number of shares in open-market transactions. The sales were executed at weighted average prices within ranges from $12.99 to $16.80 per share, as disclosed in multiple price-range footnotes. On March 18, 2026, he also received a grant of 500,000 stock options with an exercise price of $12.9700 per share, expiring on March 18, 2036, which vest in equal quarterly installments over 16 quarters, subject to his continuous service.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Thayer Jonathan W

(Last) (First) (Middle)

C/O VENTURE GLOBAL, INC.

1001 19TH STREET NORTH, SUITE 1500

(Street)

ARLINGTON VIRGINIA 22209

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Venture Global, Inc. [ VG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	03/18/2026		M		71,698	A	$1.16	71,698	D
Class A Common Stock	03/18/2026		M		536,514	A	$1.16	608,212	D
Class A Common Stock	03/18/2026		M		2,900	A	$1.16	611,112	D
Class A Common Stock	03/18/2026		S		71,698	D	$13.6037(1)	539,414	D
Class A Common Stock	03/18/2026		S		536,514	D	$14.0913(2)	2,900	D
Class A Common Stock	03/18/2026		S		2,900	D	$15.0169(3)	0.00	D
Class A Common Stock	03/19/2026		M		49,612	A	$1.16	49,612	D
Class A Common Stock	03/19/2026		M		2,520,800	A	$1.16	2,570,412	D
Class A Common Stock	03/19/2026		M		40,699	A	$1.16	2,611,111	D
Class A Common Stock	03/19/2026		S		49,612	D	$14.4715(4)	2,561,499	D
Class A Common Stock	03/19/2026		S		2,520,800	D	$16.1205(5)	40,699	D
Class A Common Stock	03/19/2026		S		40,699	D	$15.3704(6)	0.00	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options	$12.97	03/18/2026		A		500,000		(7)	03/18/2036	Class A Common Stock	500,000	$0.00	500,000	D
Stock Options	$1.16(8)	03/18/2026		M			71,698	(9)	06/17/2030	Class A Common Stock	71,698	$0.00	22,529,960(8)	D
Stock Options	$1.16(8)	03/18/2026		M			536,514	(9)	06/17/2030	Class A Common Stock	536,514	$0.00	21,993,446(8)	D
Stock Options	$1.16(8)	03/18/2026		M			2,900	(9)	06/17/2030	Class A Common Stock	2,900	$0.00	21,990,546(8)	D
Stock Options	$1.16(8)	03/19/2026		M			49,612	(9)	06/17/2030	Class A Common Stock	49,612	$0.00	21,940,934(8)	D
Stock Options	$1.16(8)	03/19/2026		M			2,520,800	(9)	06/17/2030	Class A Common Stock	2,520,800	$0.00	19,420,134(8)	D
Stock Options	$1.16(8)	03/19/2026		M			40,699	(9)	06/17/2030	Class A Common Stock	40,699	$0.00	19,379,435(8)	D
Stock Options	$3.39(10)							(7)	05/12/2032	Class A Common Stock	(10)		4,520,331(10)	D

Explanation of Responses:

1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.99 to $13.98 per share, inclusive. Upon request by the staff of the Securities and Exchange Commission, the Issuer or any securityholder of the Issuer, the Reporting Person undertakes to provide full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

2. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.99 to $14.98 per share, inclusive. Upon request by the staff of the Securities and Exchange Commission, the Issuer or any securityholder of the Issuer, the Reporting Person undertakes to provide full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

3. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.99 to $15.08 per share, inclusive. Upon request by the staff of the Securities and Exchange Commission, the Issuer or any securityholder of the Issuer, the Reporting Person undertakes to provide full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

4. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.86 to $14.85 per share, inclusive. Upon request by the staff of the Securities and Exchange Commission, the Issuer or any securityholder of the Issuer, the Reporting Person undertakes to provide full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

5. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.87 to $16.80 per share, inclusive. Upon request by the staff of the Securities and Exchange Commission, the Issuer or any securityholder of the Issuer, the Reporting Person undertakes to provide full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

6. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.86 to $15.85 per share, inclusive. Upon request by the staff of the Securities and Exchange Commission, the Issuer or any securityholder of the Issuer, the Reporting Person undertakes to provide full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

7. This stock option shall vest in equal quarterly installments on each of the first 16 quarterly anniversaries of the grant date, subject to the reporting person's continuous service through each applicable vesting date.

8. This stock option was previously reported as covering 5,000 shares of Class A Common Stock at an exercise price of $5,200 per share but was adjusted to reflect the stock split that occurred immediately prior to the consummation of the Issuer's initial public offering (the "Stock Split").

9. This stock option is fully vested and exercisable.

10. This stock option was previously reported as covering 1,000 shares of Class A Common Stock at an exercise price of $15,300 per share but was adjusted to reflect the Stock Split.

Remarks:

	/s /Keith Larson, Attorney-in-Fact for Thayer Jonathan W	03/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider trades did Venture Global (VG) CFO Jonathan W. Thayer report?

Jonathan W. Thayer exercised options for 3,222,223 Venture Global (VG) Class A shares at $1.1600 and sold the same number in open-market transactions. The trades occurred on March 18–19, 2026 and are reported as net sales in this Form 4.

How many Venture Global (VG) shares did the CFO sell in this Form 4?

The CFO sold 3,222,223 Venture Global (VG) Class A Common Stock shares. These shares were first acquired through stock option exercises and then sold in multiple open-market transactions, as detailed in the transaction tables and supported by weighted-average price footnotes.

At what prices did the Venture Global (VG) CFO sell his shares?

The reported sale prices are weighted averages from multiple trades, with prices ranging from $12.99 to $16.80 per Venture Global (VG) share. Separate footnotes describe the specific price ranges for each sale tranche on March 18 and March 19, 2026.

What stock option grant did Venture Global (VG) award to its CFO?

Venture Global (VG) granted the CFO 500,000 stock options on March 18, 2026 with an exercise price of $12.9700 per share. These options expire on March 18, 2036 and vest in 16 equal quarterly installments, contingent on continuous service.

Did the Venture Global (VG) CFO retain any unexercised stock options after these transactions?

Yes. The derivative summary shows remaining Venture Global (VG) stock options with an exercise price of $3.3900 per share expiring on May 12, 2032. The underlying shares for this option position are reported as 0.0000 in this filing excerpt.

Are the Venture Global (VG) CFO’s sales in this Form 4 open-market transactions?

Yes. The filing labels the Class A Common Stock dispositions as “Sale in open market or private transaction” with transaction code S. Footnotes clarify that reported prices are weighted averages of multiple trades within specified price ranges for Venture Global (VG) shares.