Venture Global (VG) CFO exercises options, sells 222,222 shares and retains 18.9M options

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Venture Global, Inc.’s Chief Financial Officer, Thayer Jonathan W, reported a combination of stock option exercises and open-market sales of Class A Common Stock. On May 18–19, 2026, he exercised options for a total of 222,222 shares at an exercise price of $1.16 per share.

The corresponding 222,222 shares of Class A Common Stock were sold in multiple open-market transactions at weighted average prices around $14.20–$14.59 per share, as detailed in the footnotes’ price ranges. After these sales, he reported holding no Class A Common Stock directly.

The filing shows that following the latest option exercise, he retained 18,934,990 stock options exercisable for Class A Common Stock, which are fully vested and exercisable and carry an exercise price of $1.16 per share, with an expiration date of June 17, 2030.

Insider Trade Summary 10b5-1

Net Seller: 222,222 shares ($3,206,367)

Net Sell 7 txns

Insider Thayer Jonathan W

Role Chief Financial Officer

Sold 222,222 shs ($3.21M)

Type	Security	Shares	Price	Value
Exercise	Stock Options	111,111	$0.00	--
Exercise	Class A Common Stock	111,111	$1.16	$129K
Sale	Class A Common Stock	111,111	$14.5896	$1.62M
Exercise	Stock Options	111,111	$0.00	--
Exercise	Class A Common Stock	111,111	$1.16	$129K
Sale	Class A Common Stock	86,528	$14.1995	$1.23M
Sale	Class A Common Stock	24,583	$14.5079	$357K

Holdings After Transaction: Stock Options — 18,934,990 shares (Direct, null); Class A Common Stock — 111,111 shares (Direct, null)

Footnotes (1)

The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.47 to $14.47 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 $14.47 to $14.60 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 $14.08 to $14.93 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: 222,222 shares Sale prices: $13.47–$14.93 per share Exercise price: $1.16 per share +3 more

6 metrics

Shares sold 222,222 shares Class A Common Stock sold in open-market trades on May 18–19, 2026

Sale prices $13.47–$14.93 per share Weighted average sale ranges from Form 4 footnotes

Exercise price $1.16 per share Exercise price for stock options converted into Class A Common Stock

Options exercised 222,222 options Stock options exercised into Class A Common Stock on May 18–19, 2026

Options remaining 18,934,990 options Stock options remaining after latest exercise, as of May 19, 2026

Option expiration June 17, 2030 Expiration date for the reported 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 Class A Common Stock transactions"

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 option exercises"

weighted average price financial

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

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 →

05/19/2026 - 06:26 PM

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^*

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)
05/18/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	05/18/2026		M		111,111	A	$1.16	111,111	D
Class A Common Stock	05/18/2026		S		86,528	D	$14.1995⁽¹⁾	24,583	D
Class A Common Stock	05/18/2026		S		24,583	D	$14.5079⁽²⁾	0.00	D
Class A Common Stock	05/19/2026		M		111,111	A	$1.16	111,111	D
Class A Common Stock	05/19/2026		S		111,111	D	$14.5896⁽³⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Options	$1.16	05/18/2026		M			111,111	⁽⁴⁾	06/17/2030	Class A Common Stock	111,111	$0.00	19,046,101	D
Stock Options	$1.16	05/19/2026		M			111,111	⁽⁴⁾	06/17/2030	Class A Common Stock	111,111	$0.00	18,934,990	D

Explanation of Responses:

1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.47 to $14.47 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 $14.47 to $14.60 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. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.08 to $14.93 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.

4. This stock option is fully vested and exercisable.

Remarks:

	/s /Keith Larson, Attorney-in-Fact for Thayer Jonathan W	05/19/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Venture Global (VG) report for its CFO?

Venture Global’s CFO, Thayer Jonathan W, exercised options for 222,222 Class A shares and sold the same number in open-market trades. These transactions occurred on May 18–19, 2026, and were reported as routine Form 4 insider activity.

How many Venture Global (VG) shares did the CFO sell and at what prices?

The CFO sold 222,222 shares of Venture Global Class A Common Stock in open-market transactions. Weighted average prices ranged roughly from $14.08 to $14.93 per share, with specific ranges disclosed in the footnotes for each trading day.

What stock options did the Venture Global (VG) CFO exercise in this filing?

He exercised stock options covering 222,222 shares of Class A Common Stock at an exercise price of $1.16 per share. The filing notes these options are fully vested and exercisable, indicating they were already eligible to be converted into common shares.

Does the Venture Global (VG) CFO still hold common shares after these transactions?

After the reported May 18–19, 2026 transactions, the CFO reported holding no Class A Common Stock directly. The Form 4 shows total shares following each reported sale as zero, reflecting a full disposition of his directly held common shares.

How many Venture Global (VG) stock options does the CFO retain after these trades?

Following the latest option exercise, the CFO retained 18,934,990 stock options on Venture Global Class A Common Stock. These options carry a $1.16 exercise price and an expiration date of June 17, 2030, according to the derivative transaction details.

What do the weighted average price footnotes mean in the Venture Global (VG) Form 4?

The footnotes explain that reported sale prices are weighted averages across multiple trades within specified price ranges. The CFO undertakes to provide, upon request, detailed information on the number of shares sold at each separate price within those ranges.