VG Senior VP reports major stock option exercises and sales

Rhea-AI Filing Summary

Venture Global, Inc. (VG) reported insider transactions by its Senior VP of Development. On 11/14/2025, the officer exercised 223,702 stock options for Class A common stock at an exercise price of $0.79 per share and sold the same 223,702 shares in the market at a weighted average price of $8.03 per share, leaving no directly owned shares from that lot.

On 11/17/2025, the officer similarly exercised 776,298 stock options at $0.79 per share and sold those 776,298 shares at a weighted average price of $8.06 per share, again reporting zero Class A shares owned after the sale. Several option grants remain outstanding and in many cases fully vested, including grants that were adjusted to reflect a stock split completed immediately before the company’s initial public offering.

Insider Trade Summary

Net Seller: 1,000,000 shares ($8,053,289)

Net Sell 9 txns

Insider Musser Fory

Role Senior VP, Development

Sold 1,000,000 shs ($8.05M)

Type	Security	Shares	Price	Value
Exercise	Stock Options	776,298	$0.00	--
Exercise	Class A Common Stock	776,298	$0.79	$613K
Sale	Class A Common Stock	776,298	$8.06	$6.26M
Exercise	Stock Options	223,702	$0.00	--
Exercise	Class A Common Stock	223,702	$0.79	$177K
Sale	Class A Common Stock	223,702	$8.03	$1.80M
holding	Stock Options	--	--	--
holding	Stock Options	--	--	--
holding	Stock Options	--	--	--

Holdings After Transaction: Stock Options — 3,520,331 shares (Direct); Class A Common Stock — 776,298 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 $8.11 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 $8.00 to $8.21 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 was previously reported as covering 1,000 shares of Class A Common Stock at an exercise price of $3,568 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"). This stock option is fully vested and exercisable. This stock option was previously reported as covering 500 shares of Class A Common Stock at an exercise price of $3,568 per share but was adjusted to reflect the Stock Split. This stock option is fully vested and exercisable. This stock option was previously reported as covering 100 shares of Class A Common Stock at an exercise price of $3,568 per share but was adjusted to reflect the Stock Split. This stock option is fully vested and exercisable. This stock option was previously reported as covering 100 shares of Class A Common Stock at an exercise price of $15,300 per share but was adjusted to reflect the Stock Split. The stock options vest in equal quarterly installments over a four-year period from May 12, 2022.

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)
11/14/2025

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	11/14/2025		M		223,702	A	$0.79	223,702	D
Class A Common Stock	11/14/2025		S		223,702	D	$8.03(1)	0	D
Class A Common Stock	11/17/2025		M		776,298	A	$0.79	776,298	D
Class A Common Stock	11/17/2025		S		776,298	D	$8.06(2)	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(3)	11/14/2025		M			223,702	(4)	06/26/2027	Class A Common Stock	223,702	$0.00	4,296,629(3)	D
Stock Options	$0.79(3)	11/17/2025		M			776,298	(4)	06/26/2027	Class A Common Stock	776,298	$0.00	3,520,331(3)	D
Stock Options	$0.79(5)							(6)	06/26/2027	Class A Common Stock	(5)		2,260,165(5)	D
Stock Options	$0.79(7)							(8)	06/26/2027	Class A Common Stock	(7)		452,033(7)	D
Stock Options	$3.39(9)							(10)	05/12/2032	Class A Common Stock	(9)		452,033(9)	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 $8.11 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 $8.00 to $8.21 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. This stock option was previously reported as covering 1,000 shares of Class A Common Stock at an exercise price of $3,568 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").

4. This stock option is fully vested and exercisable.

5. This stock option was previously reported as covering 500 shares of Class A Common Stock at an exercise price of $3,568 per share but was adjusted to reflect the Stock Split.

6. This stock option is fully vested and exercisable.

7. This stock option was previously reported as covering 100 shares of Class A Common Stock at an exercise price of $3,568 per share but was adjusted to reflect the Stock Split.

8. This stock option is fully vested and exercisable.

9. This stock option was previously reported as covering 100 shares of Class A Common Stock at an exercise price of $15,300 per share but was adjusted to reflect the Stock Split.

10. The stock options vest in equal quarterly installments over a four-year period from May 12, 2022.

	/s/ Keith Larson, attorney-in-fact for Fory Musser	11/18/2025
	** 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.

FAQ

What insider transactions did Venture Global (VG) report on this Form 4?

The filing reports that the Senior VP of Development exercised stock options for Class A common stock and then sold the resulting shares in two separate transactions on 11/14/2025 and 11/17/2025.

How many Venture Global (VG) shares were exercised and sold on 11/14/2025?

On 11/14/2025, the officer exercised 223,702 stock options at an exercise price of $0.79 per share and sold 223,702 Class A common shares at a weighted average price of $8.03 per share.

What was the size and price of the 11/17/2025 Venture Global (VG) insider sale?

On 11/17/2025, the officer exercised 776,298 stock options at $0.79 per share and sold 776,298 Class A common shares at a weighted average price of $8.06 per share.

Does the Venture Global (VG) insider still hold derivative securities after these transactions?

Yes. The filing shows the officer continues to hold several stock option grants on Class A common stock with various remaining amounts, many of which are reported as fully vested and exercisable.

How were Venture Global (VG) stock options affected by the stock split mentioned in the filing?

Certain stock options were previously reported as covering smaller share amounts at much higher exercise prices but were adjusted to reflect a stock split that occurred immediately before Venture Global’s initial public offering.

What is the reporting person’s role at Venture Global (VG)?

The reporting person is identified as an Officer, serving as Senior VP, Development of Venture Global, Inc.