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  4. [Form 4] Venture Global, Inc. Insider Trading Activity

Venture Global General Counsel exercises options, exits Class A share stake

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

Rhea-AI Filing Summary

Venture Global, Inc. (VG) reported insider activity by its General Counsel and Secretary, who filed a Form 4 for stock option exercises and related share sales. On 11/13/2025, the insider exercised 221,555 stock options for Class A Common Stock at $0.79 per share and sold 221,555 shares at a weighted average price of $8.16, leaving 0 shares of Class A Common Stock directly owned that day. On 11/14/2025, they exercised an additional 261,144 options at $0.79 and sold 261,144 shares at a weighted average price of $8.06, again ending with 0 directly owned shares. The filing shows multiple fully vested option grants, including series adjusted for a prior stock split, with several grants continuing to be held and expiring between 2027 and 2032.

Positive

  • None.

Negative

  • None.
Insider Larson Keith D
Role General Counsel and Secretary
Sold 482,699 shs ($3.91M)
Type Security Shares Price Value
Exercise Stock Options 261,144 $0.00 --
Exercise Class A Common Stock 261,144 $0.79 $206K
Sale Class A Common Stock 261,144 $8.06 $2.10M
Exercise Stock Options 221,555 $0.00 --
Exercise Class A Common Stock 221,555 $0.79 $175K
Sale Class A Common Stock 221,555 $8.16 $1.81M
holding Stock Options -- -- --
holding Stock Options -- -- --
holding Stock Options -- -- --
holding Stock Options -- -- --
Holdings After Transaction: Stock Options — 12,589,287 shares (Direct); Class A Common Stock — 261,144 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 $8.32 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 $8.23 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. This stock option was previously reported as covering 1,000 shares of Class A Common Stock at an exercise price of $3,771 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 2,000 shares of Class A Common Stock at an exercise price of $7,000 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 500 shares of Class A Common Stock at an exercise price of $7,000 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 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. 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*
Larson Keith D
(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)
General Counsel and Secretary
3. Date of Earliest Transaction (Month/Day/Year)
11/13/2025
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 11/13/2025 M 221,555 A $0.79 221,555 D
Class A Common Stock 11/13/2025 S 221,555 D $8.16(1) 0 D
Class A Common Stock 11/14/2025 M 261,144 A $0.79 261,144 D
Class A Common Stock 11/14/2025 S 261,144 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 11/13/2025 M 221,555 (3) 07/01/2027 Class A Common Stock 221,555 $0.00 12,850,431 D
Stock Options $0.79 11/14/2025 M 261,144 (3) 07/01/2027 Class A Common Stock 261,144 $0.00 12,589,287 D
Stock Options $0.84(4) (5) 01/24/2028 Class A Common Stock (4) 4,520,331(4) D
Stock Options $1.55(6) (7) 04/01/2029 Class A Common Stock (6) 9,040,663(6) D
Stock Options $1.55(8) (9) 04/20/2031 Class A Common Stock (8) 2,260,165(8) D
Stock Options $3.39(10) (11) 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 $8.00 to $8.32 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 $8.23 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 is fully vested and exercisable.
4. This stock option was previously reported as covering 1,000 shares of Class A Common Stock at an exercise price of $3,771 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").
5. This stock option is fully vested and exercisable.
6. This stock option was previously reported as covering 2,000 shares of Class A Common Stock at an exercise price of $7,000 per share but was adjusted to reflect the Stock Split.
7. This stock option is fully vested and exercisable.
8. This stock option was previously reported as covering 500 shares of Class A Common Stock at an exercise price of $7,000 per share but was adjusted to reflect 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.
11. The stock options vest in equal quarterly installments over a four-year period from May 12, 2022.
/s/ Keith Larson 11/17/2025
** 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

FAQ

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

The General Counsel and Secretary of Venture Global, Inc. (VG) reported exercising stock options and selling the resulting shares of Class A Common Stock on two consecutive days, 11/13/2025 and 11/14/2025.

How many Venture Global (VG) shares were exercised and sold by the insider?

On 11/13/2025, the insider exercised 221,555 stock options at $0.79 and sold 221,555 shares. On 11/14/2025, they exercised 261,144 options at $0.79 and sold 261,144 shares.

What prices did the Venture Global (VG) insider receive for the sold shares?

The 11/13/2025 sale had a weighted average price of $8.16 per share, with trades ranging from $8.00 to $8.32. The 11/14/2025 sale had a weighted average price of $8.06 per share, with trades ranging from $8.00 to $8.23.

Did the Venture Global (VG) insider hold any Class A shares after these transactions?

After both the 11/13/2025 and 11/14/2025 transactions, the Form 4 reports the insider held 0 shares of Class A Common Stock directly, while continuing to hold various stock options.

What stock option holdings does the Venture Global (VG) insider report after these trades?

The filing lists several fully vested option grants, including large positions such as 12,589,287 stock options at an exercise price of $0.79 expiring on 07/01/2027, and additional grants with exercise prices of $0.84, $1.55, and $3.39 expiring between 2028 and 2032.

How did the stock split affect the Venture Global (VG) insider's options?

Several option grants were adjusted for a stock split that occurred immediately prior to the issuer's initial public offering, changing the number of shares covered and the exercise prices while preserving the economic value of the grants.

Are the Venture Global (VG) stock options reported on this Form 4 vested?

The Form 4 notes that certain stock options are fully vested and exercisable, while one grant with an exercise price of $3.39 vests in equal quarterly installments over a four-year period from May 12, 2022.