[Form 4] Venture Global, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Venture Global, Inc.’s Chief Commercial Officer Earl Thomas reported a same-day stock option exercise and sale. On 12/05/2025, he exercised 1,000,000 stock options for Class A common stock at an exercise price of $0.79 per share and acquired 1,000,000 shares. That same day he sold 1,000,000 shares of Class A common stock at a weighted average price of $6.89 per share, leaving no directly held non-derivative shares reported after the transaction. The filing also shows he continues to hold several large stock option positions with exercise prices ranging from $0.79 to $3.39 per share and expiration dates between 2027 and 2032, many of which are fully vested or vest over time.

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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^*

Earl Thomas

(Last) (First) (Middle)

C/O VENTURE GLOBAL, INC.

1001 19TH STREET NORTH, SUITE 1500

(Street)

ARLINGTON VA 22209

(City) (State) (Zip)

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 Commercial Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/05/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	12/05/2025		M		1,000,000	A	$0.79	1,000,000	D
Class A Common Stock	12/05/2025		S		1,000,000	D	$6.89(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	$0.79	12/05/2025		M			1,000,000	(2)	07/18/2027	Class A Common Stock	1,000,000	$0.00	6,540,663	D
Stock Options	$0.84(3)							(2)	01/24/2028	Class A Common Stock	(3)		4,520,331(3)	D
Stock Options	$1.55(4)							(2)	04/01/2029	Class A Common Stock	(4)		4,520,331(4)	D
Stock Options	$1.16(5)							(2)	04/01/2030	Class A Common Stock	(5)		4,520,331(5)	D
Stock Options	$1.55(6)							(2)	04/20/2031	Class A Common Stock	(6)		2,260,165(6)	D
Stock Options	$3.39(7)							(8)	05/12/2032	Class A Common Stock	(7)		4,520,331(7)	D

Explanation of Responses:

1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.80 to $6.96 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.

3. This stock option was previously reported as covering 1,000 shares of Class A Common Stock at an exercise price of $3,771 per share but was adjusted to reflect the stock split that occurred immediately prior to the consummation of the Issuer's initial public offering (the "Stock Split").

4. This stock option was previously reported as covering 1,000 shares of Class A Common Stock at an exercise price of $7,000 per share but was adjusted to reflect the Stock Split.

5. This stock option was previously reported as covering 1,000 shares of Class A Common Stock at an exercise price of $5,200 per share but was adjusted to reflect the Stock Split.

6. This stock option was previously reported as covering 500 shares of Class A Common Stock at an exercise price of $7,000 per share but was adjusted to reflect the Stock Split.

7. This stock option was previously reported as covering 1,000 shares of Class A Common Stock at an exercise price of $15,300 per share but was adjusted to reflect the Stock Split.

8. The stock options vest in equal quarterly installments over a four-year period from May 12, 2022.

Remarks:

	/s /Keith Larson, Attorney-in-Fact for Earl Thomas	12/09/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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