Venture Global, Inc. (VG) counsel exercises 1.11M options, sells all resulting shares
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insights
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
Net Seller: 1,111,111 shares ($15,060,331)
Net Sell
6 txns
Insider
Larson Keith D
Role
General Counsel and Secretary
Sold
1,111,111 shs ($15.06M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options | 555,555 | $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 | -- |
| 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 shares (Direct, null);
Class A Common Stock — 555,555 shares (Direct, null)
Footnotes (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. 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. 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
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.
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.