Venture Global (VG) legal chief exercises 1.11M options, sells matching shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Venture Global, Inc. General Counsel and Secretary Keith D. Larson reported a two-day exercise-and-sell transaction in Class A Common Stock. On June 15 and 16, he exercised a total of 1,111,111 stock options at an exercise price of $0.7900 per share to acquire the same number of shares.
He then sold 555,556 shares at a weighted average price of $11.9042 on June 15 and 555,555 shares at a weighted average price of $11.2711 on June 16 in open-market transactions, leaving him with no directly held Class A shares after the sales. Following these exercises, he continues to hold stock options covering 4,255,953 shares of Class A Common Stock that remain outstanding and exercisable.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,111,111 shares ($12,875,166)
Net Sell
6 txns
Insider
Larson Keith D
Role
General Counsel and Secretary
Sold
1,111,111 shs ($12.88M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options | 555,555 | $0.00 | -- |
| Exercise | Class A Common Stock | 555,555 | $0.79 | $439K |
| Sale | Class A Common Stock | 555,555 | $11.2711 | $6.26M |
| Exercise | Stock Options | 555,556 | $0.00 | -- |
| Exercise | Class A Common Stock | 555,556 | $0.79 | $439K |
| Sale | Class A Common Stock | 555,556 | $11.9042 | $6.61M |
Holdings After Transaction:
Stock Options — 4,255,953 shares (Direct, null);
Class A Common Stock — 555,555 shares (Direct, null)
Footnotes (1)
- The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.66 to $12.27 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 $10.89 to $11.69 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 June 15: 555,556 shares
Shares sold June 16: 555,555 shares
Total shares sold: 1,111,111 shares
+4 more
7 metrics
Shares sold June 15
555,556 shares
Class A Common Stock sold at $11.9042 weighted average
Shares sold June 16
555,555 shares
Class A Common Stock sold at $11.2711 weighted average
Total shares sold
1,111,111 shares
Open-market sales over two days
Options exercised
1,111,111 options
Stock options exercised into Class A shares
Exercise price
$0.7900 per share
Stock option exercise price for underlying Class A shares
Options remaining
4,255,953 options
Stock options outstanding after transactions
Option expiration
July 1, 2027
Expiration date of the referenced stock option grant
Key Terms
open-market sale, derivative exercise/conversion, Stock Options, weighted average price, +1 more
5 terms
open-market sale financial
"transaction_action: "open-market sale" for 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"
Stock Options financial
"security_title: "Stock Options" with underlying Class A Common Stock"
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
"footnotes state "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
"footnote notes "This stock option is fully vested and exercisable.""
FAQ
What insider transactions did VG General Counsel Keith D. Larson report?
Keith D. Larson reported exercising 1,111,111 stock options at $0.7900 per share and selling 1,111,111 Class A Common shares in open-market transactions over two days. After these trades, he held no Class A shares directly, but retained substantial stock options.
What was the exercise price of Keith D. Larson’s Venture Global stock options?
The stock options were exercised at an exercise price of $0.7900 per share. He exercised options for 555,556 shares on one day and 555,555 shares the next, converting them into Class A Common Stock before selling the acquired shares.
Does Keith D. Larson still hold Venture Global stock options after these transactions?
Yes. After exercising 1,111,111 options, he still holds stock options covering 4,255,953 underlying shares of Class A Common Stock. The filing notes that the referenced stock option is fully vested and exercisable and carries an expiration date in 2027.
What role does Keith D. Larson hold at Venture Global (VG)?
Keith D. Larson serves as General Counsel and Secretary at Venture Global, Inc. His Form 4 filing reflects personal transactions in the company’s Class A Common Stock and related stock options, including exercises and open-market sales over two consecutive trading days.