SVP at Venture Global (VG) exercises options and sells 1M shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Venture Global, Inc. executive Musser Fory, Senior VP of Development, reported a set of related transactions in company equity. Fory exercised a fully vested stock option to acquire 1,000,000 shares of Class A Common Stock at a price of $0.79 per share, converting derivative securities into common stock. Immediately afterward, Fory sold 1,000,000 shares of Class A Common Stock in an open-market transaction at an average price of $10.9032 per share, leaving no Class A Common Stock directly owned and 1,520,331 stock options held directly following the transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,000,000 shares ($10,903,200)
Net Sell
3 txns
Insider
Musser Fory
Role
Senior VP, Development
Sold
1,000,000 shs ($10.90M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options | 1,000,000 | $0.00 | -- |
| Exercise | Class A Common Stock | 1,000,000 | $0.79 | $790K |
| Sale | Class A Common Stock | 1,000,000 | $10.9032 | $10.90M |
Holdings After Transaction:
Stock Options — 1,520,331 shares (Direct);
Class A Common Stock — 1,000,000 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transactions did Venture Global (VG) report for Musser Fory?
Musser Fory, Senior VP of Development at Venture Global, exercised options for 1,000,000 shares of Class A Common Stock, then sold 1,000,000 shares in an open-market transaction. The filing shows these equity movements occurred on the same date.
What is Musser Fory’s remaining ownership in Venture Global (VG) after these transactions?
After the reported transactions, Musser Fory directly held 1,520,331 stock options and no shares of Class A Common Stock. The Form 4 lists total shares following the stock sale as zero for common stock and 1,520,331 for options.
What role does Musser Fory hold at Venture Global (VG) in this insider filing?
In the insider report, Musser Fory is identified as an officer of Venture Global, serving as Senior Vice President, Development. The Form 4 reflects transactions in company equity made in this capacity as a reporting person.