Venture Global (VG) SVP exercises options, sells 2M shares at $13 average

Rhea-AI Filing Summary

Venture Global, Inc. Senior VP of Development Musser Fory reported an exercise-and-sell transaction in Class A Common Stock. He exercised stock options to acquire 2,000,000 shares at $0.79 per share, then sold 2,000,000 shares in an open‑market transaction at a weighted average price of $13.0863 per share, with individual trades between $13.00 and $13.26. Following these trades, his direct common stock holdings were reduced to zero, while 260,165 stock options remain outstanding and fully vested, exercisable at $0.79 per share until June 26, 2027.

Insights

Insider trading and governance analyst

SVP executes large option exercise-and-sale, ending direct share holdings.

Senior VP Musser Fory exercised stock options for 2,000,000 Venture Global Class A shares at an exercise price of $0.79, then sold 2,000,000 shares in an open-market transaction at a weighted average price of $13.0863. This pattern is a classic exercise-and-sell sequence.

The filing shows his direct common stock position falling to zero after the sale, while 260,165 stock options remain outstanding, fully vested, with a June 26, 2027 expiration. The net effect is a shift from direct share ownership toward a smaller remaining option-based exposure rather than a complete exit from economic interest.

The footnote clarifies that the sale price is a weighted average across trades between $13.00 and $13.26, emphasizing this was executed through multiple transactions. Subsequent filings may provide additional context if his remaining options are exercised or if his equity mix changes further.

Insider Trade Summary

Net Seller: 2,000,000 shares ($26,172,600)

Net Sell 3 txns

Insider Musser Fory

Role Senior VP, Development

Sold 2,000,000 shs ($26.17M)

Type	Security	Shares	Price	Value
Exercise	Stock Options	2,000,000	$0.00	--
Exercise	Class A Common Stock	2,000,000	$0.79	$1.58M
Sale	Class A Common Stock	2,000,000	$13.0863	$26.17M

Holdings After Transaction: Stock Options — 260,165 shares (Direct, null); Class A Common Stock — 2,000,000 shares (Direct, null)

Footnotes (1)

1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.00 to $13.26 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.

Key Figures

Shares sold: 2,000,000 shares Sale price (weighted average): $13.0863 per share Options exercised: 2,000,000 shares +3 more

6 metrics

Shares sold 2,000,000 shares Class A Common Stock sold in open-market transaction on May 14, 2026

Sale price (weighted average) $13.0863 per share Weighted average sale price, trades between $13.00 and $13.26

Options exercised 2,000,000 shares Underlying Class A shares acquired via stock option exercise

Option exercise price $0.79 per share Exercise price for stock options converted into Class A shares

Options remaining 260,165 options Stock options outstanding after exercise, fully vested

Option expiration date June 26, 2027 Expiration for remaining stock options

Key Terms

open-market sale, derivative exercise/conversion, weighted average price, stock option, +1 more

5 terms

open-market sale financial

"transaction_action: "open-market sale" for 2,000,000 Class A Common Stock"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

derivative exercise/conversion financial

"transaction_action: "derivative exercise/conversion" for stock options"

weighted average price financial

"The price reported is a weighted average price. These shares were sold in multiple transactions"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

stock option financial

"This stock option is fully vested and exercisable."

A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.

fully vested and exercisable financial

"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 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)
	Senior VP, Development

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026

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	05/14/2026		M		2,000,000	A	$0.79	2,000,000	D
Class A Common Stock	05/14/2026		S		2,000,000	D	$13.0863(1)	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	$0.79	05/14/2026		M			2,000,000	(2)	06/26/2027	Class A Common Stock	2,000,000	$0.00	260,165	D

Explanation of Responses:

1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.00 to $13.26 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. This stock option is fully vested and exercisable.

Remarks:

	/s /Keith Larson, Attorney-in-Fact for Musser Fory	05/15/2026
	** 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 did Venture Global (VG) executive Musser Fory report in this Form 4?

Musser Fory reported exercising stock options for 2,000,000 Class A shares at $0.79 and selling 2,000,000 shares at a weighted average $13.0863. The filing details an exercise-and-sell sequence on May 14, 2026.

How many Venture Global (VG) shares did the SVP sell and at what price?

He sold 2,000,000 Class A Common shares in open-market transactions at a weighted average price of $13.0863, with individual trades ranging from $13.00 to $13.26 per share, according to the disclosure footnote.

What stock options did Musser Fory exercise in Venture Global (VG)?

He exercised stock options covering 2,000,000 underlying Class A Common shares at an exercise price of $0.79 per share. These options were fully vested and exercisable at the time of the transaction, as disclosed in the footnote.

What are Musser Fory’s Venture Global (VG) holdings after these transactions?

After the reported trades, his direct Class A Common Stock holdings were reduced to zero shares. He still holds 260,165 stock options, which remain outstanding and fully vested, providing potential future equity exposure.

When do Musser Fory’s remaining Venture Global (VG) stock options expire?

The remaining 260,165 stock options held by Musser Fory expire on June 26, 2027. They are fully vested and exercisable at $0.79 per share, according to the derivative transaction details in the filing.

Was the Venture Global (VG) share sale by Musser Fory a single trade or multiple trades?

The sale used multiple trades. The filing states the $13.0863 price is a weighted average of transactions executed between $13.00 and $13.26 per share, and offers to provide a breakdown upon request.