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VG Senior VP reports November 2025 option exercises and share sales

Filing Impact
(Very High)
Filing Sentiment
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

Venture Global, Inc. (VG) reported insider transactions by Senior VP, Development, Fory Musser. On 11/18/2025, Musser exercised 768,762 stock options for Class A Common Stock at an exercise price of $0.79 per share and sold the same number of shares in open-market transactions at a weighted average price of $8.01 per share, with individual trades between $8.00 and $8.10.

On 11/19/2025, Musser similarly exercised 188,337 options at $0.79 and sold those shares at a weighted average price of $7.80, with trades between $7.80 and $7.83. On 11/20/2025, Musser exercised 42,901 options at $0.79 and sold the shares at a weighted average price of $7.80, with trades between $7.80 and $7.81. After these transactions, Musser reported owning 2,520,331 stock options for Class A Common Stock, exercisable at $0.79 per share and expiring on 06/26/2027, and no directly held Class A Common Stock.

Positive

  • None.

Negative

  • None.
Insider Musser Fory
Role Senior VP, Development
Sold 1,000,000 shs ($7.96M)
Type Security Shares Price Value
Exercise Stock Options 42,901 $0.00 --
Exercise Class A Common Stock 42,901 $0.79 $34K
Sale Class A Common Stock 42,901 $7.80 $335K
Exercise Stock Options 188,337 $0.00 --
Exercise Class A Common Stock 188,337 $0.79 $149K
Sale Class A Common Stock 188,337 $7.80 $1.47M
Exercise Stock Options 768,762 $0.00 --
Exercise Class A Common Stock 768,762 $0.79 $607K
Sale Class A Common Stock 768,762 $8.01 $6.16M
Holdings After Transaction: Stock Options — 2,520,331 shares (Direct); Class A Common Stock — 42,901 shares (Direct)
Footnotes (1)
  1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.00 to $8.10 per share, inclusive. Upon request by the staff of the Securities and Exchange Commission The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.80 to $7.83 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. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.80 to $7.81 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. This stock option is fully vested and exercisable.
Form 4 Insider Transactions: What Each Field Means →
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
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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*
Musser Fory
(Last) (First) (Middle)
C/O VENTURE GLOBAL, INC.
1001 19TH STREET NORTH, SUITE 1500
(Street)
ARLINGTON VA 22209
(City) (State) (Zip)
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)
Senior VP, Development
3. Date of Earliest Transaction (Month/Day/Year)
11/18/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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 11/18/2025 M 768,762 A $0.79 768,762 D
Class A Common Stock 11/18/2025 S 768,762 D $8.01(1) 0 D
Class A Common Stock 11/19/2025 M 188,337 A $0.79 188,337 D
Class A Common Stock 11/19/2025 S 188,337 D $7.8(2) 0 D
Class A Common Stock 11/20/2025 M 42,901 A $0.79 42,901 D
Class A Common Stock 11/20/2025 S 42,901 D $7.8(3) 0 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 $0.79 11/18/2025 M 768,762 (4) 06/26/2027 Class A Common Stock 768,762 $0.00 2,751,569 D
Stock Options $0.79 11/19/2025 M 188,337 (4) 06/26/2027 Class A Common Stock 188,337 $0.00 2,563,232 D
Stock Options $0.79 11/20/2025 M 42,901 (4) 06/26/2027 Class A Common Stock 42,901 $0.00 2,520,331 D
Explanation of Responses:
1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.00 to $8.10 per share, inclusive. Upon request by the staff of the Securities and Exchange Commission
2. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.80 to $7.83 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 $7.80 to $7.81 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. This stock option is fully vested and exercisable.
/s/ Keith Larson, attorney-in-fact for Fory Musser 11/20/2025
** 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.

Source: View Original Filing on SEC EDGAR