Venture Global (VG) counsel exercises options, sells 1.1M shares in open market
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Venture Global, Inc. General Counsel and Secretary Larson Keith D reported an exercise-and-sell pattern over two days. On April 15 and 16, he exercised stock options to acquire a total of 1,111,112 shares of Class A Common Stock at an exercise price of $0.79 per share, then sold all of those shares in open-market transactions.
The sales covered 555,556 shares at a weighted average price of $12.3759 on April 15 and 555,556 shares at a weighted average price of $12.6364 on April 16, for total dispositions of 1,111,112 shares. Following these transactions, he reported no directly held common shares and 6,478,175 stock options outstanding after the latest exercise.
Positive
- None.
Negative
- None.
Insights
Larson’s trades show routine option exercises paired with full share sales.
The filing shows Larson Keith D, General Counsel and Secretary of Venture Global, Inc., exercising stock options for 1,111,112 shares at an exercise price of $0.79 per share, then selling all resulting common shares in open-market transactions over two days.
This is a classic exercise-and-sell pattern that converts option value into cash rather than increasing long-term share ownership. After these trades, he holds 6,478,175 stock options and no directly owned common stock from this grant, suggesting he retains substantial derivative exposure while realizing liquidity on the exercised portion.
Insider Trade Summary 10b5-1
Net Seller: 1,111,112 shares ($13,895,733)
Net Sell
6 txns
Insider
Larson Keith D
Role
General Counsel and Secretary
Sold
1,111,112 shs ($13.90M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options | 555,556 | $0.00 | -- |
| Exercise | Class A Common Stock | 555,556 | $0.79 | $439K |
| Sale | Class A Common Stock | 555,556 | $12.6364 | $7.02M |
| Exercise | Stock Options | 555,556 | $0.00 | -- |
| Exercise | Class A Common Stock | 555,556 | $0.79 | $439K |
| Sale | Class A Common Stock | 555,556 | $12.3759 | $6.88M |
Holdings After Transaction:
Stock Options — 6,478,175 shares (Direct);
Class A Common Stock — 555,556 shares (Direct)
Footnotes (1)
- The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.15 to $12.63 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 $12.08 to $12.84 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 total: 1,111,112 shares
Option exercise price: $0.79 per share
Weighted average sale price (Apr 15): $12.3759 per share
+4 more
7 metrics
Shares sold total
1,111,112 shares
Total Class A Common Stock sold across April 15–16 transactions
Option exercise price
$0.79 per share
Exercise price for stock options converted into Class A Common Stock
Weighted average sale price (Apr 15)
$12.3759 per share
Weighted average for 555,556 shares sold on April 15
Weighted average sale price (Apr 16)
$12.6364 per share
Weighted average for 555,556 shares sold on April 16
Shares exercised
1,111,112 shares
Total underlying shares from stock options exercised over two days
Options remaining after latest exercise
6,478,175 stock options
Total stock options reported following April 16 exercise
Net buy/sell direction
Net-sell of 1,111,112 shares
transactionSummary shows netBuySellDirection as net-sell
Key Terms
weighted average price, stock option, open-market sale, Class A Common Stock, +1 more
5 terms
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.
open-market sale financial
"transaction_action": "open-market sale""
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.
Class A Common Stock financial
"underlying_security_title": "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
fully vested and exercisable financial
"This stock option is fully vested and exercisable."
FAQ
What did Venture Global (VG) insider Larson Keith D report in this Form 4?
He exercised stock options to acquire 1,111,112 Venture Global Class A shares at $0.79 each, then sold all 1,111,112 shares in open-market transactions over two days, converting option value into cash while keeping a large remaining stock option position.
What stock options did Larson Keith D exercise in Venture Global (VG)?
He exercised stock options with an exercise price of $0.79 per share, converting 555,556 options into Class A Common Stock on each of two days, for 1,111,112 shares total. The options are described as fully vested and exercisable in the filing’s footnotes.
What are Larson Keith D’s Venture Global (VG) holdings after these transactions?
After the reported trades, he holds no directly owned Class A Common Stock from these exercises and reports 6,478,175 stock options outstanding following the latest transaction. This shows continued derivative exposure despite selling all newly acquired common shares.
Does this Venture Global (VG) Form 4 indicate tax withholding or gifting by Larson Keith D?
No. The transaction summary shows only option exercises and open-market sales, with zero shares reported for gift transactions and tax-withholding dispositions. All 1,111,112 shares acquired from exercises were sold rather than withheld or transferred as gifts.