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

Venture Global (VG) VP exercises options, sells 500,000 shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Venture Global, Inc. Senior VP of Development Musser Fory exercised stock options for 500,000 shares of Class A Common Stock at an exercise price of $0.79 per share on May 26–27, 2026, then sold the same 500,000 shares in open-market transactions.

The sales occurred at weighted average prices of $13.0859 per share for 266,265 shares and $12.6054 per share for 233,735 shares, within disclosed intraday ranges. Following these transactions, Fory reported holding 0 shares of Class A Common Stock directly.

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Insider Musser Fory
Role Senior VP, Development
Sold 500,000 shs ($6.43M)
Type Security Shares Price Value
Exercise Stock Options 233,735 $0.00 --
Exercise Class A Common Stock 233,735 $0.79 $185K
Sale Class A Common Stock 233,735 $12.6054 $2.95M
Exercise Stock Options 266,265 $0.00 --
Exercise Class A Common Stock 266,265 $0.79 $210K
Sale Class A Common Stock 266,265 $13.0859 $3.48M
Holdings After Transaction: Stock Options — 1,020,331 shares (Direct, null); Class A Common Stock — 233,735 shares (Direct, null)
Footnotes (1)
  1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.00 to $13.27 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 $12.60 to $12.66 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.
Shares sold 500,000 shares Total Class A shares sold May 26–27, 2026
Exercise price $0.79/share Stock option conversion price for 500,000 shares
Weighted average sale price (May 26) $13.0859/share 266,265 Class A shares sold
Weighted average sale price (May 27) $12.6054/share 233,735 Class A shares sold
Post-transaction common shares 0 shares Direct Class A holdings after reported sales
Options exercised May 26 266,265 options Converted into Class A Common Stock
Options exercised May 27 233,735 options Converted into Class A Common Stock
open-market sale financial
"transaction_action": "open-market sale""
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""
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.
Stock Options financial
""security_title": "Stock Options""
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.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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).
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*
Musser Fory
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Senior VP, Development
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/26/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common Stock05/26/2026M266,265A$0.79266,265D
Class A Common Stock05/26/2026S266,265D$13.0859(1)0.00D
Class A Common Stock05/27/2026M233,735A$0.79233,735D
Class A Common Stock05/27/2026S233,735D$12.6054(2)0.00D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Options$0.7905/26/2026M266,265 (3)06/26/2027Class A Common Stock266,265$0.001,254,066D
Stock Options$0.7905/27/2026M233,735 (3)06/26/2027Class A Common Stock233,735$0.001,020,331D
Explanation of Responses:
1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.00 to $13.27 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 $12.60 to $12.66 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 Musser Fory05/28/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Venture Global (VG) report for Musser Fory?

Musser Fory, Senior VP of Development at Venture Global, exercised stock options for 500,000 Class A shares, then sold all 500,000 shares in open-market transactions on May 26–27, 2026, according to the Form 4 insider trading report.

How many Venture Global (VG) shares did Musser Fory sell and at what prices?

Musser Fory sold 500,000 Venture Global Class A shares. He sold 266,265 shares at a weighted average price of $13.0859 and 233,735 shares at a weighted average price of $12.6054, within footnoted intraday price ranges on May 26–27, 2026.

What was the stock option exercise price in the Venture Global (VG) Form 4?

The stock options exercised by Musser Fory had a conversion or exercise price of $0.79 per share. He exercised options covering 500,000 underlying Class A shares before selling the resulting shares in the open market over two consecutive trading days.

Does Musser Fory still hold Venture Global (VG) Class A shares after these transactions?

After completing the option exercises and related sales, Musser Fory reported owning 0 shares of Venture Global Class A Common Stock directly. The Form 4 shows total shares following each reported sale as 0 for his non-derivative common stock holdings.

Were the Venture Global (VG) insider sales single trades or multiple transactions?

The reported Venture Global sales were executed as multiple trades. Footnotes state each day’s sale price is a weighted average, reflecting numerous transactions within specified price ranges, and the reporting person can provide detailed breakdowns upon request to regulators or securityholders.

What do the derivative entries in the Venture Global (VG) Form 4 represent?

The derivative entries represent stock options on Venture Global Class A Common Stock. Musser Fory exercised options for 266,265 shares on May 26, 2026, and 233,735 shares on May 27, 2026, converting these derivative positions into common shares before selling the corresponding stock.