Venture Global GC sells 1.11M shares after option exercise

Venture Global, Inc.’s General Counsel and Secretary, Larson Keith D, exercised stock options to acquire a total of 1,111,111 shares of Class A Common Stock at $0.7900 per share, then sold the same number of shares in open-market transactions over two days.

Rhea-AI Filing Summary

Venture Global, Inc.’s General Counsel and Secretary, Larson Keith D, exercised stock options to acquire a total of 1,111,111 shares of Class A Common Stock at $0.7900 per share, then sold the same number of shares in open-market transactions over two days.

On May 14, he sold 555,556 shares at a weighted average price of $13.0671, and on May 15 sold 555,555 shares at a weighted average price of $14.0415, with sales executed across price ranges disclosed in footnotes. Following these transactions, he reported no directly held common shares and 5,362,064 stock options remaining, which are fully vested and exercisable and expire on July 1, 2027.

Insights

Insider transactions analyst

Officer exercised 1.11M options at $0.79 and sold all resulting shares.

Larson Keith D, General Counsel and Secretary of Venture Global, Inc., exercised stock options for 1,111,111 shares of Class A Common Stock at an exercise price of $0.7900 per share. The options are fully vested and exercisable, with an expiration date of July 1, 2027.

He then sold all 1,111,111 acquired shares in open-market transactions on May 14 and May 15 at weighted average prices of $13.0671 and $14.0415, respectively, with detailed price ranges provided in footnotes. After these trades, he reported no direct common share holdings but retained 5,362,064 stock options, indicating this was an exercise‑and‑sell for liquidity rather than a full exit from economic exposure.

Insider Trade Summary 10b5-1

Exercise and Sale: 1,111,111 shares ($14.18M approx. pre-tax spread)

Exercise and Sale 6 txns

Insider Larson Keith D

Role General Counsel and Secretary

Sold 1,111,111 shs ($15.06M)

Approx. gross sale proceeds $15.06M

Approx. exercise cost $878K

Approx. pre-tax spread $14.18M

Type	Security	Shares	Price	Value
Exercise	Stock Options	555,555	$0.00	$0.00
Exercise	Class A Common Stock	555,555	$0.79	$439K
Sale	Class A Common Stock	555,555	$14.0415	$7.80M
Exercise	Stock Options	555,556	$0.00	$0.00
Exercise	Class A Common Stock	555,556	$0.79	$439K
Sale	Class A Common Stock	555,556	$13.0671	$7.26M

Holdings After Transaction: Stock Options — 5,367,064 contracts (Direct); Class A Common Stock — 0 shares (Direct)

Footnotes (3)

1. F1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.80 to $13.26 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. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.45 to $14.39 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. F3. This stock option is fully vested and exercisable.

Key Figures

Shares sold May 14: 555,556 shares Price range May 14 sales: $12.80–$13.26 Shares sold May 15: 555,555 shares +4 more

7 metrics

Shares sold May 14 555,556 shares Class A Common Stock sold at $13.0671 weighted average

Price range May 14 sales $12.80–$13.26 Multiple transactions, weighted average $13.0671

Shares sold May 15 555,555 shares Class A Common Stock sold at $14.0415 weighted average

Price range May 15 sales $13.45–$14.39 Multiple transactions, weighted average $14.0415

Options exercised 1,111,111 shares at $0.7900 Exercise of stock options into Class A Common Stock

Remaining stock options 5,362,064 options Fully vested, expiring July 1, 2027

Net shares sold 1,111,111 shares Net-sell direction per transaction summary

Key Terms

open-market sale, derivative exercise/conversion, weighted average price, Stock Options, +1 more

5 terms

open-market sale financial

"transaction_action: "open-market sale" for Class A Common Stock"

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 exercise/conversion financial

"transaction_action: "derivative exercise/conversion" for stock options"

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" in 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 did Venture Global (VG) officer Larson Keith D report in this Form 4?

Larson Keith D reported exercising stock options for 1,111,111 Venture Global Class A shares at $0.7900 per share, then selling all those shares in open-market trades on May 14 and May 15, leaving no directly held common stock but remaining option holdings.

How many Venture Global (VG) shares did Larson Keith D sell and at what prices?

He sold 1,111,111 Class A Common Stock shares. On May 14, 555,556 shares sold at a weighted average of $13.0671; on May 15, 555,555 shares sold at a weighted average of $14.0415, within detailed price ranges disclosed in the footnotes.

What options did Larson Keith D exercise in Venture Global (VG)?

He exercised stock options covering 1,111,111 underlying Class A shares at an exercise price of $0.7900 per share. The filing notes the stock option is fully vested and exercisable, and the remaining option position expires on July 1, 2027 after these transactions.

What are Larson Keith D’s Venture Global (VG) holdings after these transactions?

After the reported exercise-and-sell sequence, he reported owning no shares of Class A Common Stock directly. However, he retained 5,362,064 stock options, all linked to Class A Common Stock and fully vested, according to the transaction and footnote disclosures.

Were the Venture Global (VG) sales by Larson Keith D single trades or multiple transactions?

The reported prices are weighted averages from multiple trades. On both May 14 and May 15, shares were sold in numerous transactions within stated price ranges, and the reporting person offers to provide exact breakdowns upon request.

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

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Accepted by SEC EDGAR 05/15/2026 - 05:18 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^*

Larson Keith D

(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)
	General Counsel and Secretary

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026

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	05/14/2026		M		555,556	A	$0.79	555,556	D
Class A Common Stock	05/14/2026		S		555,556	D	$13.0671(1)	0.00	D
Class A Common Stock	05/15/2026		M		555,555	A	$0.79	555,555	D
Class A Common Stock	05/15/2026		S		555,555	D	$14.0415(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	$0.79	05/14/2026		M			555,556	(3)	07/01/2027	Class A Common Stock	555,556	$0.00	5,922,619	D
Stock Options	$0.79	05/15/2026		M			555,555	(3)	07/01/2027	Class A Common Stock	555,555	$0.00	5,367,064	D

Explanation of Responses:

1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.80 to $13.26 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 $13.45 to $14.39 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	05/15/2026
	** 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)