Venture Global (VG) CCO exercises options, sells 1M Class A shares at $12.44 avg

Rhea-AI Filing Summary

Venture Global, Inc. Chief Commercial Officer Earl Thomas reported an exercise-and-sale transaction involving 1,000,000 shares of Class A Common Stock. He exercised stock options to acquire 1,000,000 shares at $0.79 per share, then sold 1,000,000 shares in an open-market sale at a weighted average price of $12.444 per share, with individual sale prices ranging from $12.30 to $12.65. Following these transactions, his direct Class A Common Stock holdings were reported as zero shares, while he continued to hold stock options covering 4,540,663 shares that remain outstanding and fully vested according to the disclosure.

Insights

Equity compensation and insider-trading analyst

Thomas executed a routine option exercise-and-sale, retaining a large remaining option stake.

The filing shows Chief Commercial Officer Earl Thomas exercised stock options for 1,000,000 shares of Class A Common Stock at an exercise price of $0.79 per share, then sold the same number of shares in an open-market transaction at a weighted average of $12.444. This pattern is typical when an executive converts options into cash.

After the sale, his direct common share balance was reported as zero, but he still held stock options on 4,540,663 underlying shares, with the exercised option series described as fully vested and exercisable and expiring on July 18, 2027. The transaction represents a net sale of 1,000,000 shares, yet the substantial remaining option position means his overall equity exposure continues through derivatives rather than common shares.

Insider Trade Summary

Net Seller: 1,000,000 shares ($12,444,000)

Net Sell 3 txns

Insider Earl Thomas

Role Chief Commercial Officer

Sold 1,000,000 shs ($12.44M)

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	$12.444	$12.44M

Holdings After Transaction: Stock Options — 4,540,663 shares (Direct, null); Class A Common Stock — 1,000,000 shares (Direct, null)

Footnotes (1)

1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.30 to $12.65 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: 1,000,000 shares Weighted average sale price: $12.444 per share Shares acquired via option exercise: 1,000,000 shares +3 more

6 metrics

Shares sold 1,000,000 shares Class A Common Stock open-market sale on May 27, 2026

Weighted average sale price $12.444 per share Multiple trades between $12.30 and $12.65

Shares acquired via option exercise 1,000,000 shares Exercised stock options into Class A Common Stock

Option exercise price $0.79 per share Exercise price for 1,000,000 underlying shares

Options remaining after transaction 4,540,663 options Stock options outstanding following the reported exercise

Common shares held after 0 shares Direct Class A Common Stock position post-transaction

Key Terms

open-market sale, stock option, derivative security, weighted average price, +1 more

5 terms

open-market sale financial

"1,000,000 shares in an open-market sale at a weighted average price"

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.

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.

derivative security financial

"Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

weighted average price financial

"The price reported is a weighted average price."

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.

fully vested and exercisable financial

"This stock option is fully vested and exercisable."

Form 4 Insider Transactions: What Each Field Means →

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^*

Earl Thomas

(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 Commercial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/27/2026

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	05/27/2026		M		1,000,000	A	$0.79	1,000,000	D
Class A Common Stock	05/27/2026		S		1,000,000	D	$12.444(1)	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	05/27/2026		M			1,000,000	(2)	07/18/2027	Class A Common Stock	1,000,000	$0.00	4,540,663	D

Explanation of Responses:

1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.30 to $12.65 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. This stock option is fully vested and exercisable.

Remarks:

	/s /Keith Larson, Attorney-in-Fact for Earl Thomas	05/28/2026
	** 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)

FAQ

What insider transaction did Venture Global (VG) disclose for Earl Thomas?

Venture Global reported that Chief Commercial Officer Earl Thomas exercised options for 1,000,000 Class A shares at $0.79, then sold 1,000,000 shares in an open-market transaction at a weighted average price of $12.444 per share, fully offsetting the exercised shares.

How many Venture Global (VG) shares did Earl Thomas sell and at what price?

Earl Thomas sold 1,000,000 shares of Venture Global Class A Common Stock in an open-market sale. The weighted average sale price was $12.444 per share, with individual trades executed between $12.30 and $12.65 per share, as disclosed in the filing footnote.

What stock options did Earl Thomas exercise in this Venture Global (VG) Form 4?

He exercised stock options covering 1,000,000 underlying shares of Class A Common Stock at an exercise price of $0.79 per share. The filing notes this stock option is fully vested and exercisable, with an expiration date in July 2027 for the option series involved.

What are Earl Thomas’s holdings after the reported Venture Global (VG) transactions?

After the transactions, Earl Thomas’s direct holdings of Venture Global Class A Common Stock were reported as zero shares. However, he continued to hold stock options over 4,540,663 underlying shares, reflecting a remaining derivative-based equity position with the company.

Was the Earl Thomas sale in Venture Global (VG) an open-market transaction?

Yes. The Form 4 classifies the 1,000,000-share disposition as an open-market sale, using transaction code S. The footnote explains the reported price is a weighted average for multiple trades executed between $12.30 and $12.65 per share on the transaction date.