Venture Global COO sells 152K shares after option exercise

Rhea-AI Filing Summary

Venture Global, Inc. (VG) reported that Chief Operating Officer Brian Cothran exercised 152,660 stock options at an exercise price of $1.16 per share on September 14, 2026, receiving the same number of Class A Common shares, and on that date sold 152,660 shares at a weighted average price of $16.148 per share under a Rule 10b5-1 trading plan. The exercised option was fully vested, and after the option exercise Cothran held 21,822,932 derivative securities directly.

Insider Trade Summary 10b5-1

Exercise and Sale: 152,660 shares ($2.29M approx. pre-tax spread)

Exercise and Sale 3 txns

Insider Cothran Brian

Role Chief Operating Officer

Sold 152,660 shs ($2.47M)

Approx. gross sale proceeds $2.47M

Approx. exercise cost $177K

Approx. pre-tax spread $2.29M

Type	Security	Shares	Price	Value
Exercise	Stock Options F2	152,660	$0.00	$0.00
Exercise	Class A Common Stock	152,660	$1.16	$177K
Sale	Class A Common Stock F1	152,660	$16.148	$2.47M

Holdings After Transaction: Stock Options — 21,822,932 contracts (Direct); Class A Common Stock — 0 shares (Direct)

Footnotes (2)

1. F1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.00 to $16.25 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. This stock option is fully vested and exercisable.

Key Figures

Options exercised: 152,660 options Exercise price: $1.16 per share Shares sold: 152,660 shares +4 more

7 metrics

Options exercised 152,660 options Stock options exercised by COO on September 14, 2026

Exercise price $1.16 per share Exercise price for the 152,660 stock options

Shares sold 152,660 shares Class A Common Stock sold on September 14, 2026

Weighted average sale price $16.148 per share Weighted average price for sales between $16.00 and $16.25

Sale price range $16.00–$16.25 per share Price range of individual trade executions in the sale

Derivative securities held after transaction 21,822,932 derivatives Total derivative securities held directly by COO after option exercise

Option expiration date September 15, 2030 Expiration date of the exercised stock option

Key Terms

Rule 10b5-1 trading plan, weighted average price, Class A Common Stock, stock option, +1 more

5 terms

Rule 10b5-1 trading plan regulatory

"The transactions were affirmed under a Rule 10b5-1 trading plan"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

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.

Class A Common Stock financial

"underlying security title is 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.

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.

FAQ

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

What insider transaction did Venture Global (VG) disclose for its COO?

Venture Global disclosed that COO Brian Cothran exercised 152,660 stock options at $1.16 per share into Class A Common Stock and sold 152,660 shares on September 14, 2026, at a weighted average price of $16.148 per share.

Was the Venture Global (VG) COO’s September 14, 2026 trade under a Rule 10b5-1 plan?

Yes. The filing affirms that the reported transactions were executed under a Rule 10b5-1 trading plan, meaning the trades followed a pre-arranged schedule rather than being initiated at the time of sale.

How many Venture Global (VG) stock options did the COO exercise and at what price?

Brian Cothran exercised 152,660 stock options with an exercise price of $1.16 per share, receiving 152,660 shares of Venture Global Class A Common Stock in the transaction reported for September 14, 2026.

At what price did the Venture Global (VG) COO sell the shares acquired from the option exercise?

He sold 152,660 shares of Class A Common Stock at a weighted average price of $16.148 per share. The sale occurred in multiple trades between $16.00 and $16.25 per share, as disclosed in the footnote.

How many derivative securities does the Venture Global (VG) COO hold after this transaction?

After the option exercise, Brian Cothran directly held 21,822,932 derivative securities related to Venture Global, according to the reported total shares following the derivative transaction.

Were the Venture Global (VG) COO’s stock options already vested?

Yes. A footnote states that the relevant stock option is fully vested and exercisable, indicating that all shares under that option were eligible for exercise at the time of the reported transaction.

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

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Available on EDGAR 09/14/2026 - 05:11 PM Accepted by SEC EDGAR 09/14/2026 - 05:09 PM 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^*

Cothran Brian

(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 Operating Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/14/2026

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	09/14/2026		M		152,660	A	$1.16	152,660	D
Class A Common Stock	09/14/2026		S		152,660	D	$16.148(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	$1.16	09/14/2026		M			152,660	(2)	09/15/2030	Class A Common Stock	152,660	$0.00	21,822,932	D

Explanation of Responses:

1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.00 to $16.25 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 Cothran Brian	09/14/2026
	** 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)