Venture Global (VG) counsel exercises options on 5M shares and sells stock
Rhea-AI Filing Summary
Venture Global, Inc. General Counsel and Secretary Larson Keith D exercised stock options for a total of 5,000,000 shares of Class A common stock at an exercise price of $0.79 per share and sold all 5,000,000 resulting shares in open-market transactions.
The sales occurred on March 18 and 19, 2026 at weighted average prices of $15.0162 and $15.5495 per share, with individual trades executed in ranges from $15.00 to $15.80. After these sales, he reported no directly held shares of common stock. He also received a new stock option grant covering 500,000 shares at an exercise price of $12.97 per share, vesting in equal quarterly installments over 16 quarters.
Positive
- None.
Negative
- None.
Insights
Large exercise-and-sell plus a new multi-year option grant.
Larson Keith D exercised stock options for 5,000,000 shares at $0.79 per share and sold all related shares in open-market transactions around $15–$16. This is a classic exercise-and-sell pattern that converts an in-the-money option position into cash rather than increasing equity exposure.
He also received a new stock option grant for 500,000 shares at $12.97, vesting quarterly over 16 periods, which ties compensation to future share performance. The filing shows no directly held common shares after the transactions, so his exposure appears to be primarily through options. Overall, this looks like a liquidity event combined with refreshed long-term incentives, and the net-sell signal must be weighed against the continuing option-based alignment.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options | 3,206,138 | $0.00 | -- |
| Exercise | Class A Common Stock | 3,206,138 | $0.79 | $2.53M |
| Sale | Class A Common Stock | 3,206,138 | $15.5495 | $49.85M |
| Grant/Award | Stock Options | 500,000 | $0.00 | -- |
| Exercise | Stock Options | 1,793,862 | $0.00 | -- |
| Exercise | Class A Common Stock | 1,793,862 | $0.79 | $1.42M |
| Sale | Class A Common Stock | 1,793,862 | $15.0162 | $26.94M |
Footnotes (1)
- The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.00 to $15.09 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 $15.30 to $15.80 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 shall vest in equal quarterly installments on each of the first 16 quarterly anniversaries of the grant date, subject to the reporting person's continuous service through each applicable vesting date. This stock option is fully vested and exercisable.
