Venture Global insider exercises options, sells 1.1M shares

Venture Global, Inc. General Counsel and Secretary Larson Keith D reported an exercise-and-sell pattern over two days.

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.

Insights

Equity compensation analyst

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

Exercise and Sale: 1,111,112 shares ($13.02M approx. pre-tax spread)

Exercise and Sale 6 txns

Insider Larson Keith D

Role General Counsel and Secretary

Sold 1,111,112 shs ($13.90M)

Approx. gross sale proceeds $13.90M

Approx. exercise cost $878K

Approx. pre-tax spread $13.02M

Type	Security	Shares	Price	Value
Exercise	Stock Options	555,556	$0.00	$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	$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 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 $12.15 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.
2. F2. 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.
3. F3. 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

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

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.

How many Venture Global (VG) shares did Larson Keith D sell and at what prices?

He sold 1,111,112 Class A shares in total, with 555,556 sold at a weighted average price of $12.3759 and another 555,556 at $12.6364. Both blocks were reported as open-market or private sale transactions on consecutive days.

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.

Were Larson Keith D’s Venture Global (VG) share sales done at a single price?

No. Footnotes state the reported prices are weighted averages. Shares on each day were sold in multiple trades within price ranges of $12.08–$12.84 and $12.15–$12.63. The company offers to provide detailed breakdowns on request to regulators or securityholders.

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.

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

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Accepted by SEC EDGAR 04/16/2026 - 04:53 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^*

Larson Keith D

(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)
	General Counsel and Secretary

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026

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	04/15/2026		M		555,556	A	$0.79	555,556	D
Class A Common Stock	04/15/2026		S		555,556	D	$12.3759(1)	0.00	D
Class A Common Stock	04/16/2026		M		555,556	A	$0.79	555,556	D
Class A Common Stock	04/16/2026		S		555,556	D	$12.6364(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	$0.79	04/15/2026		M			555,556	(3)	07/01/2027	Class A Common Stock	555,556	$0.00	7,033,731	D
Stock Options	$0.79	04/16/2026		M			555,556	(3)	07/01/2027	Class A Common Stock	555,556	$0.00	6,478,175	D

Explanation of Responses:

1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.15 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.

2. 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.

3. This stock option is fully vested and exercisable.

Remarks:

	/s/ Keith Larson	04/16/2026
	** 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)