CFO of Venture Global (VG) exercises options, sells 222,222 shares in open market

Rhea-AI Filing Summary

Venture Global, Inc.’s Chief Financial Officer, Jonathan W. Thayer, reported an exercise-and-sell pattern over two days. On June 17 and 18, he exercised stock options for 111,111 shares of Class A Common Stock each day at an exercise price of $1.16 per share.

The newly acquired shares were then sold in open-market transactions, with 111,111 shares sold on each day at weighted average prices of about $11.05 and $10.92. In total, the filing shows 222,222 shares sold, leaving 0 shares of Class A Common Stock held directly after each sale, while stock option holdings reported in the derivative table remain significant.

Insights

Insider trading analyst

CFO exercised options and sold 222,222 shares in routine liquidity moves.

The filing shows Jonathan W. Thayer, CFO of Venture Global, Inc., exercising stock options for 222,222 shares of Class A Common Stock at an exercise price of $1.16 per share, then selling the same number of shares in open-market transactions around $11.

This is a classic exercise-and-sell pattern, turning option-based compensation into cash rather than increasing net share ownership. After these trades, direct Class A Common Stock holdings reported in the filing are 0 shares, while the derivative table shows remaining stock options of 18,712,768 shares as of the latest transaction.

The transactions are open-market sales, which carry more informational weight than tax-related dispositions, but the filing does not indicate any Rule 10b5-1 trading plan. Without data on Thayer’s broader wealth or company-wide share count, the ultimate significance for investors remains context-dependent.

Insider Trade Summary 10b5-1

Net Seller: 222,222 shares ($2,441,042)

Net Sell 6 txns

Insider Thayer Jonathan W

Role Chief Financial Officer

Sold 222,222 shs ($2.44M)

Type	Security	Shares	Price	Value
Exercise	Stock Options	111,111	$0.00	--
Exercise	Class A Common Stock	111,111	$1.16	$129K
Sale	Class A Common Stock	111,111	$10.9175	$1.21M
Exercise	Stock Options	111,111	$0.00	--
Exercise	Class A Common Stock	111,111	$1.16	$129K
Sale	Class A Common Stock	111,111	$11.0519	$1.23M

Holdings After Transaction: Stock Options — 18,712,768 shares (Direct, null); Class A Common Stock — 111,111 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 $10.82 to $11.19 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 $10.59 to $11.07 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 June 17: 111,111 shares Shares sold June 18: 111,111 shares Total shares sold: 222,222 shares +3 more

6 metrics

Shares sold June 17 111,111 shares Class A Common Stock sold at weighted avg price $11.0519

Shares sold June 18 111,111 shares Class A Common Stock sold at weighted avg price $10.9175

Total shares sold 222,222 shares Net open-market sales across June 17–18, 2026

Option exercise price $1.16 per share Exercise price for stock options converted into Class A Common Stock

Post-sale common stock holding 0 shares Direct Class A Common Stock position after each sale

Remaining stock options 18,712,768 options Stock options outstanding after June 18, 2030-expiring grant

Key Terms

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

5 terms

open-market sale financial

"transaction_action: "open-market sale" for the 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.

derivative security financial

"transaction_code_description: "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. 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.

Class A Common Stock financial

"security_title: "Class A Common Stock" in the 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.

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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).

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^*

Thayer Jonathan W

(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 Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026

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	06/17/2026		M		111,111	A	$1.16	111,111	D
Class A Common Stock	06/17/2026		S		111,111	D	$11.0519(1)	0.00	D
Class A Common Stock	06/18/2026		M		111,111	A	$1.16	111,111	D
Class A Common Stock	06/18/2026		S		111,111	D	$10.9175(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	$1.16	06/17/2026		M			111,111	(3)	06/17/2030	Class A Common Stock	111,111	$0.00	18,823,879	D
Stock Options	$1.16	06/18/2026		M			111,111	(3)	06/17/2030	Class A Common Stock	111,111	$0.00	18,712,768	D

Explanation of Responses:

1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.82 to $11.19 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 $10.59 to $11.07 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, Attorney-in-Fact for Thayer Jonathan W	06/18/2026
	** 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 transactions did Venture Global (VG) report for its CFO?

Venture Global reported that CFO Jonathan W. Thayer exercised stock options for 222,222 shares of Class A Common Stock, then sold all 222,222 shares in open-market transactions over two days, according to the Form 4 insider trading disclosure filed with regulators.

How many Venture Global (VG) shares did the CFO sell and at what prices?

The CFO sold 222,222 shares of Venture Global Class A Common Stock in total. He sold 111,111 shares at a weighted average price of about $11.05 and another 111,111 shares at a weighted average price of about $10.92, across multiple transactions.

Did the Venture Global (VG) CFO buy shares or just exercise options and sell?

The CFO did not buy shares on the open market; he exercised stock options to acquire 222,222 shares at a $1.16 exercise price, then sold those shares in open-market transactions. This reflects monetizing option-based compensation rather than increasing his net equity stake.

What are the remaining Venture Global (VG) stock option holdings shown for the CFO?

After the latest reported transaction, the stock option line in the Form 4 shows 18,712,768 stock options outstanding for the CFO, with an exercise price of $1.16 per share and an expiration date of June 17, 2030, indicating a sizeable remaining derivative position.

Were the Venture Global (VG) CFO’s share sales part of a single large trade?

No, the filing states the reported prices are weighted averages. The 111,111-share blocks sold each day were executed in multiple trades within price ranges of $10.59–$11.07 and $10.82–$11.19, and detailed breakdowns are available upon request to the issuer or regulators.

Did the Venture Global (VG) CFO retain any Class A Common Stock after these trades?

The Form 4 shows that after each set of open-market sales on June 17 and June 18, the CFO’s directly held Class A Common Stock position was 0 shares, while he continued to hold a large number of stock options expiring in 2030.