Venture Global CFO exercises options, sells stock

Venture Global, Inc. Chief Financial Officer Jonathan W. Thayer exercised stock options for a total of 222,222 shares of Class A Common Stock at $1.1600 per share on 2026-07-20 and 2026-07-21.

Rhea-AI Filing Summary

Venture Global, Inc. Chief Financial Officer Jonathan W. Thayer exercised stock options for a total of 222,222 shares of Class A Common Stock at $1.1600 per share on 2026-07-20 and 2026-07-21. He then sold 222,222 shares in sales reported as open-market or private transactions at weighted average prices of $14.2074 and $14.0805 per share, with individual trades ranging from $13.65–$14.60 and $13.89–$14.54 per share, respectively. The filing affirms these transactions were effected under a Rule 10b5-1 trading plan.

Insider Trade Summary 10b5-1

Exercise and Sale: 222,222 shares ($2.89M approx. pre-tax spread)

Exercise and Sale 6 txns

Insider Thayer Jonathan W

Role Chief Financial Officer

Sold 222,222 shs ($3.14M)

Approx. gross sale proceeds $3.14M

Approx. exercise cost $258K

Approx. pre-tax spread $2.89M

Type	Security	Shares	Price	Value
Exercise	Stock Options F3	111,111	$0.00	$0.00
Exercise	Class A Common Stock	111,111	$1.16	$129K
Sale	Class A Common Stock F2	111,111	$14.0805	$1.56M
Exercise	Stock Options F3	111,111	$0.00	$0.00
Exercise	Class A Common Stock	111,111	$1.16	$129K
Sale	Class A Common Stock F1	111,111	$14.2074	$1.58M

Holdings After Transaction: Stock Options — 18,490,546 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 $13.65 to $14.60 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 $13.89 to $14.54 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

Total options exercised: 222,222 shares Exercise price: $1.1600 per share Shares sold on 2026-07-20: 111,111 shares +4 more

7 metrics

Total options exercised 222,222 shares Stock options exercised into Class A Common Stock on 2026-07-20 and 2026-07-21

Exercise price $1.1600 per share Conversion price of stock options into Class A Common Stock

Shares sold on 2026-07-20 111,111 shares Class A Common Stock sold at weighted average price of $14.2074 per share

Shares sold on 2026-07-21 111,111 shares Class A Common Stock sold at weighted average price of $14.0805 per share

Price range on 2026-07-20 sales $13.65–$14.60 per share Range of transaction prices for July 20, 2026 share sales

Price range on 2026-07-21 sales $13.89–$14.54 per share Range of transaction prices for July 21, 2026 share sales

Option expiration date 2030-06-17 Expiration date of the fully vested stock options that were exercised

Key Terms

weighted average price, Exercise or conversion of derivative security, Sale in open market or private transaction, fully vested and exercisable

4 terms

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.

Exercise or conversion of derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

Sale in open market or private transaction financial

"transaction_code_description: Sale in open market or private transaction"

fully vested and exercisable financial

"This stock option is fully vested and exercisable."

FAQ

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

What transactions did Venture Global (VG) CFO Jonathan W. Thayer report?

Venture Global CFO Jonathan W. Thayer exercised 222,222 stock options at $1.1600 per share and sold 222,222 Class A shares on 2026-07-20 and 2026-07-21. The sales were reported as open-market or private transactions.

At what prices did the VG CFO sell his Venture Global (VG) shares?

Jonathan W. Thayer sold 111,111 shares at a weighted average price of $14.2074 on 2026-07-20 and 111,111 shares at $14.0805 on 2026-07-21. Individual trades ranged from $13.65–$14.60 and $13.89–$14.54 per share.

How many stock options did the VG CFO exercise and at what price?

The VG CFO exercised 222,222 stock options for Class A Common Stock at an exercise price of $1.1600 per share. These exercises occurred in two equal tranches of 111,111 options on 2026-07-20 and 2026-07-21.

Were the Venture Global (VG) CFO’s transactions under a Rule 10b5-1 plan?

Yes. The Form 4 indicates the transactions were effected under a Rule 10b5-1 trading plan, as shown by the checked plan affirmation. This means the trades followed a pre-established trading arrangement.

What do the weighted average prices in the VG Form 4 footnotes mean?

The footnotes state that each reported sale price is a weighted average price across multiple trades. Actual trades occurred within $13.65–$14.60 on 2026-07-20 and $13.89–$14.54 on 2026-07-21, with full breakdowns available on request.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 07/21/2026 - 04:57 PM Accepted by SEC EDGAR 07/21/2026 - 04:57 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^*

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)
07/20/2026

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	07/20/2026		M		111,111	A	$1.16	111,111	D
Class A Common Stock	07/20/2026		S		111,111	D	$14.2074(1)	0.00	D
Class A Common Stock	07/21/2026		M		111,111	A	$1.16	111,111	D
Class A Common Stock	07/21/2026		S		111,111	D	$14.0805(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	07/20/2026		M			111,111	(3)	06/17/2030	Class A Common Stock	111,111	$0.00	18,601,657	D
Stock Options	$1.16	07/21/2026		M			111,111	(3)	06/17/2030	Class A Common Stock	111,111	$0.00	18,490,546	D

Explanation of Responses:

1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.65 to $14.60 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 $13.89 to $14.54 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	07/21/2026
	** 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)