Venture Global CFO sells 111,111 shares twice

Both days’ option exercises and matching Class A share sales were made under a Rule 10b5-1 plan.

Rhea-AI Filing Summary

Venture Global, Inc. Chief Financial Officer Jonathan W. Thayer exercised 111,111 stock options at $1.16 per share and sold 111,111 Class A shares on October 19, 2026. On October 20, 2026, he exercised another 111,111 options at $1.16 and sold 111,111 shares. Both days’ transactions were made under a Rule 10b5-1 plan. The reported weighted-average sale prices were $12.6772 and $12.7012 per share, respectively.

Insider Trade Summary 10b5-1

Exercise and Sale: 222,222 shares ($2.56M approx. pre-tax spread)

Exercise and Sale 6 txns

Insider Thayer Jonathan W

Role Chief Financial Officer

Sold 222,222 shs ($2.82M)

Approx. gross sale proceeds $2.82M

Approx. exercise cost $258K

Approx. pre-tax spread $2.56M

Type	Security	Shares	Price	Value
Exercise	Stock Options F3	111,111	$0.00	$0.00
Exercise	Class A Common Stock	111,111	$1.16	$129K
Sale	Class A Common Stock F2	111,111	$12.7012	$1.41M
Exercise	Stock Options F3	111,111	$0.00	$0.00
Exercise	Class A Common Stock	111,111	$1.16	$129K
Sale	Class A Common Stock F1	111,111	$12.6772	$1.41M

Holdings After Transaction: Stock Options — 17,823,880 contracts (Direct); Class A Common Stock — 0 shares (Direct)

Footnotes (3)

1. F1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.52 to $12.86 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. F2. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.55 to $13.20 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. F3. This stock option is fully vested and exercisable.

Key Figures

Options exercised: 111,111 shares Option exercise price: $1.16 per share Class A shares sold: 111,111 shares +4 more

7 metrics

Options exercised 111,111 shares October 19, 2026

Option exercise price $1.16 per share October 19 and October 20, 2026

Class A shares sold 111,111 shares October 19, 2026

Weighted-average sale price $12.6772 per share October 19, 2026

Options exercised 111,111 shares October 20, 2026

Class A shares sold 111,111 shares October 20, 2026

Weighted-average sale price $12.7012 per share October 20, 2026

Key Terms

Stock Options, weighted average price, fully vested and exercisable

3 terms

Stock Options financial

"Stock Options"

Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.

weighted average price financial

"The price reported is a weighted average price."

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.

fully vested and exercisable financial

"This stock option is fully vested and exercisable."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many VG shares did Jonathan W. Thayer sell, and at what prices?

Jonathan W. Thayer sold 111,111 Class A shares on October 19, 2026, at a weighted-average $12.6772 per share, with individual prices ranging from $12.52 to $12.86. On October 20, 2026, he sold 111,111 shares at a weighted-average $12.7012 per share, with prices ranging from $12.55 to $13.20.

How many VG options did the CFO exercise, and at what price?

Jonathan W. Thayer exercised 111,111 options at $1.16 per share on each of October 19 and October 20, 2026. The options were fully vested and exercisable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 10/20/2026 - 05:15 PM EDT Accepted by SEC EDGAR 10/20/2026 - 05:14 PM EDT Learn about SEC filing dates

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).

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)
10/19/2026

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	10/19/2026		M		111,111	A	$1.16	111,111	D
Class A Common Stock	10/19/2026		S		111,111	D	$12.6772(1)	0.00	D
Class A Common Stock	10/20/2026		M		111,111	A	$1.16	111,111	D
Class A Common Stock	10/20/2026		S		111,111	D	$12.7012(2)	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	$1.16	10/19/2026		M			111,111	(3)	06/17/2030	Class A Common Stock	111,111	$0.00	17,934,991	D
Stock Options	$1.16	10/20/2026		M			111,111	(3)	06/17/2030	Class A Common Stock	111,111	$0.00	17,823,880	D

Explanation of Responses:

1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.52 to $12.86 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 $12.55 to $13.20 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.

Remarks:

	/s /Keith Larson, Attorney-in-Fact for Thayer Jonathan W	10/20/2026
	** 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)