VG COO sells 626,066 shares after option exercise
Venture Global, Inc. Chief Operating Officer Brian Cothran reported an exercise-and-sell sequence in Class A Common Stock over three days.
Rhea-AI Filing Summary
Venture Global, Inc. Chief Operating Officer Brian Cothran reported an exercise-and-sell sequence in Class A Common Stock over three days. He exercised stock options to acquire a total of 626,066 shares at an exercise price of $1.16 per share and sold the same number of shares in open-market transactions at weighted average prices of $14.81, $14.55, and $14.33 per share. Following these transactions, his directly held Class A Common Stock balance reported in this filing is zero.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 626,066 shares ($8.50M approx. pre-tax spread)
Exercise and Sale
9 txns
Insider
Cothran Brian
Role
Chief Operating Officer
Sold
626,066 shs ($9.22M)
Approx. gross sale proceeds
$9.22M
Approx. exercise cost
$726K
Approx. pre-tax spread
$8.50M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options | 31,910 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 31,910 | $1.16 | $37K |
| Sale | Class A Common Stock | 31,910 | $14.3317 | $457K |
| Exercise | Stock Options | 120,623 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 120,623 | $1.16 | $140K |
| Sale | Class A Common Stock | 120,623 | $14.5468 | $1.75M |
| Exercise | Stock Options | 473,533 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 473,533 | $1.16 | $549K |
| Sale | Class A Common Stock | 473,533 | $14.8074 | $7.01M |
Holdings After Transaction:
Stock Options — 21,975,592 contracts (Direct);
Class A Common Stock — 0 shares (Direct)
Footnotes (4)
- F1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.64 to $14.94 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.
- F2. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.37 to $14.71 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.
- F3. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.20 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.
- F4. This stock option is fully vested and exercisable.
Key Figures
Total shares sold: 626,066 shares
Total shares exercised: 626,066 shares
Sale price 19 May: $14.8074 per share
+5 more
8 metrics
Total shares sold
626,066 shares
Aggregate open-market sales of Class A Common Stock
Total shares exercised
626,066 shares
Stock options exercised into Class A Common Stock
Sale price 19 May
$14.8074 per share
Weighted average price for 473,533 shares sold
Sale price 20 May
$14.5468 per share
Weighted average price for 120,623 shares sold
Sale price 21 May
$14.3317 per share
Weighted average price for 31,910 shares sold
Option exercise price
$1.16 per share
Conversion or exercise price for stock options
Options expiration
15 September 2030
Expiration date for reported stock options
Net buy/sell direction
Net sale of 626,066 shares
transactionSummary netBuySellShares and direction
Key Terms
open-market sale, Exercise or conversion of derivative security, weighted average price, Stock Options, +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.
Exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security" for option exercises"
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 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.
Class A Common Stock financial
"security_title: "Class A Common Stock" for non-derivative transactions"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Venture Global (VG) report for COO Brian Cothran?
Venture Global reported that COO Brian Cothran exercised stock options for 626,066 Class A shares and sold all those shares in open-market transactions. The filing shows this exercise-and-sell pattern occurred over three consecutive days, fully offsetting the newly acquired shares.
What was the stock option exercise price in the Venture Global (VG) Form 4?
The stock options were exercised at a conversion or exercise price of $1.16 per share for the underlying Class A Common Stock. Each of the three option exercises involved different share amounts but used the same stated exercise price in the Form 4 data.
Does the Venture Global (VG) COO still hold Class A Common Stock after these transactions?
According to the Form 4, the total shares of Class A Common Stock directly held after each reported sale is shown as zero. The filing does not list any remaining directly owned Class A shares for the COO, though it does show historical option positions being exercised.
What do the footnotes in the Venture Global (VG) Form 4 say about sale pricing?
The footnotes state that each reported sale price is a weighted average over multiple trades within specified price ranges. They also confirm the reporting person will provide detailed breakdowns of share counts at each separate price within those ranges upon request.
AI-generated analysis. How Rhea-AI works. Not financial advice.
