Venture Global reports 5.4% stake by D. E. Shaw

D. E. Shaw-affiliated entities reported beneficial ownership of just over 5% of Venture Global’s Class A common stock as of September 11, 2026.

Rhea-AI Filing Summary

Venture Global, Inc. (VG) is reported to have a new significant shareholder group, as D. E. Shaw & Co., L.P., D. E. Shaw & Co., L.L.C. and David E. Shaw filed a Schedule 13G regarding holdings of its Class A common stock. As of September 11, 2026, D. E. Shaw & Co., L.P. and David E. Shaw each beneficially own 28,765,945 shares, representing 5.4% of the outstanding Class A shares, while D. E. Shaw & Co., L.L.C. beneficially owns 26,604,375 shares, or 5.0% of the class. The holdings are spread across several affiliated funds and managed accounts, and David E. Shaw disclaims beneficial ownership of the 28,765,945 shares, which he may be deemed to beneficially own through his control positions in related management entities.

Key Figures

Beneficial ownership – D. E. Shaw & Co., L.P.: 28,765,945 shares (5.4%) Beneficial ownership – D. E. Shaw & Co., L.L.C.: 26,604,375 shares (5.0%) Beneficial ownership – David E. Shaw: 28,765,945 shares (5.4%) +2 more

5 metrics

Beneficial ownership – D. E. Shaw & Co., L.P. 28,765,945 shares (5.4%) Class A common stock of Venture Global, Inc. as of September 11, 2026

Beneficial ownership – D. E. Shaw & Co., L.L.C. 26,604,375 shares (5.0%) Class A common stock of Venture Global, Inc. as of September 11, 2026

Beneficial ownership – David E. Shaw 28,765,945 shares (5.4%) Deemed beneficial ownership in Venture Global, Inc. Class A shares; ownership disclaimed

Shared voting power – D. E. Shaw & Co., L.P. 28,573,445 shares Shared power to vote or direct the vote in Venture Global, Inc.

Shared dispositive power – D. E. Shaw & Co., L.P. 28,765,945 shares Shared power to dispose or direct the disposition of VG Class A shares

Key Terms

beneficial owner, Schedule 13G, shared voting power, shared dispositive power, +1 more

5 terms

beneficial owner financial

"became the beneficial owners of more than 5% of the class"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

Schedule 13G regulatory

"filed a Schedule 13G regarding holdings of its Class A"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

shared voting power financial

"shared power to vote or to direct the vote"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

shared dispositive power financial

"shared power to dispose or to direct the disposition"

disclaims beneficial ownership regulatory

"David E. Shaw disclaims beneficial ownership of such 28,765,945 shares"

FAQ

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

What percentage of Venture Global, Inc. (VG) does D. E. Shaw & Co., L.P. own?

D. E. Shaw & Co., L.P. beneficially owns 28,765,945 shares of Venture Global, Inc. Class A common stock, representing 5.4% of the outstanding shares, based on beneficial ownership information current as of September 11, 2026.

How many VG shares does D. E. Shaw & Co., L.L.C. beneficially own?

D. E. Shaw & Co., L.L.C. beneficially owns 26,604,375 shares of Venture Global, Inc. Class A common stock, representing 5.0% of the class, with the beneficial ownership information current as of September 11, 2026.

What is David E. Shaw’s reported ownership in Venture Global, Inc. (VG)?

David E. Shaw is reported to beneficially own 28,765,945 shares of Venture Global, Inc. Class A common stock, or 5.4% of the outstanding shares, through various D. E. Shaw entities; he disclaims beneficial ownership of these shares.

When did D. E. Shaw entities cross the 5% ownership threshold in VG?

On September 8, 2026, D. E. Shaw & Co., L.P. and David E. Shaw became beneficial owners of more than 5% of Venture Global’s Class A stock. On September 11, 2026, D. E. Shaw & Co., L.L.C. also became a beneficial owner of more than 5%.

How are the VG shares held across D. E. Shaw-affiliated funds?

The 28,765,945 shares attributed to D. E. Shaw & Co., L.P. and David E. Shaw include 15,158,608 shares in D. E. Shaw Valence Portfolios, 9,549,850 in Oculus, 1,894,900 in Cogence, 217 in Composite Portfolios, and 2,162,370 under D. E. Shaw Investment Management, L.L.C.

Does David E. Shaw hold any VG shares directly in his own name?

No. The filing states that David E. Shaw does not own any shares directly. His reported beneficial ownership in Venture Global, Inc. arises through control of entities that serve as investment advisers or managers to the funds holding the shares.

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

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Available on EDGAR 09/15/2026 - 04:13 PM Accepted by SEC EDGAR 09/15/2026 - 04:13 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Venture Global, Inc.

(Name of Issuer)

Class A common stock, par value $0.01 per share

(Title of Class of Securities)

92333F101

(CUSIP Number)

09/08/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 92333F101

1

Names of Reporting Persons

D. E. Shaw & Co., L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 28,573,445.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 28,765,945.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

28,765,945.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.4 %

12

Type of Reporting Person (See Instructions)

IA, PN

Comment for Type of Reporting Person: On September 8, 2026, D. E. Shaw & Co., L.P. and David E. Shaw became the beneficial owners of more than 5% of the class of securities. On September 11, 2026, D. E. Shaw & Co., L.L.C. became the beneficial owner of more than 5% of the class of securities. The beneficial ownership information provided in this document is current as of September 11, 2026.

SCHEDULE 13G

CUSIP Number(s): 92333F101

1

Names of Reporting Persons

D. E. Shaw & Co., L.L.C.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 26,604,375.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 26,604,375.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

26,604,375.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.0 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: On September 8, 2026, D. E. Shaw & Co., L.P. and David E. Shaw became the beneficial owners of more than 5% of the class of securities. On September 11, 2026, D. E. Shaw & Co., L.L.C. became the beneficial owner of more than 5% of the class of securities. The beneficial ownership information provided in this document is current as of September 11, 2026.

SCHEDULE 13G

CUSIP Number(s): 92333F101

1

Names of Reporting Persons

David E. Shaw

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 28,573,445.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 28,765,945.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

28,765,945.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.4 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: On September 8, 2026, D. E. Shaw & Co., L.P. and David E. Shaw became the beneficial owners of more than 5% of the class of securities. On September 11, 2026, D. E. Shaw & Co., L.L.C. became the beneficial owner of more than 5% of the class of securities. The beneficial ownership information provided in this document is current as of September 11, 2026.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Venture Global, Inc.
(b)	Address of issuer's principal executive offices: 1001 19th Street North, Suite 1500, Arlington, VA 22209
Item 2.
(a)	Name of person filing: D. E. Shaw & Co., L.P. D. E. Shaw & Co., L.L.C. David E. Shaw
(b)	Address or principal business office or, if none, residence: The business address for each reporting person is: Two Manhattan West 375 Ninth Avenue, 52nd Floor New York, NY 10001
(c)	Citizenship: D. E. Shaw & Co., L.P. is a limited partnership organized under the laws of the state of Delaware. D. E. Shaw & Co., L.L.C. is a limited liability company organized under the laws of the state of Delaware. David E. Shaw is a citizen of the United States of America.
(d)	Title of class of securities: Class A common stock, par value $0.01 per share
(e)	CUSIP Number(s): 92333F101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: D. E. Shaw & Co., L.P.: 28,765,945 shares This is composed of (i) 15,158,608 shares in the name of D. E. Shaw Valence Portfolios, L.L.C., (ii) 9,549,850 shares in the name of D. E. Shaw Oculus Portfolios, L.L.C., (iii) 1,894,900 shares in the name of D. E. Shaw Cogence Portfolios, L.L.C., (iv) 217 shares in the name of D. E. Shaw Composite Portfolios, L.L.C., and (v) 2,162,370 shares under the management of D. E. Shaw Investment Management, L.L.C. D. E. Shaw & Co., L.L.C.: 26,604,375 shares This is composed of (i) 15,158,608 shares in the name of D. E. Shaw Valence Portfolios, L.L.C., (ii) 9,549,850 shares in the name of D. E. Shaw Oculus Portfolios, L.L.C., (iii) 1,894,900 shares in the name of D. E. Shaw Cogence Portfolios, L.L.C., (iv) 217 shares in the name of D. E. Shaw Composite Portfolios, L.L.C., and (v) 800 shares in the name of D. E. Shaw Investment Management Special Investment Fund, L.L.C. David E. Shaw: 28,765,945 shares This is composed of (i) 15,158,608 shares in the name of D. E. Shaw Valence Portfolios, L.L.C., (ii) 9,549,850 shares in the name of D. E. Shaw Oculus Portfolios, L.L.C., (iii) 1,894,900 shares in the name of D. E. Shaw Cogence Portfolios, L.L.C., (iv) 217 shares in the name of D. E. Shaw Composite Portfolios, L.L.C., and (v) 2,162,370 shares under the management of D. E. Shaw Investment Management, L.L.C. David E. Shaw does not own any shares directly. By virtue of David E. Shaw's position as President and sole shareholder of D. E. Shaw & Co., Inc., which is the general partner of D. E. Shaw & Co., L.P., which in turn is the investment adviser of D. E. Shaw Valence Portfolios, L.L.C., D. E. Shaw Oculus Portfolios, L.L.C., D. E. Shaw Cogence Portfolios, L.L.C., and D. E. Shaw Composite Portfolios, L.L.C. and the managing member of D. E. Shaw Investment Management, L.L.C., which in turn is the investment adviser of D. E. Shaw Investment Management Special Investment Fund, L.L.C., and by virtue of David E. Shaw's position as President and sole shareholder of D. E. Shaw & Co. II, Inc., which is the managing member of D. E. Shaw & Co., L.L.C., which in turn is the manager of D. E. Shaw Valence Portfolios, L.L.C., D. E. Shaw Oculus Portfolios, L.L.C., D. E. Shaw Cogence Portfolios, L.L.C., D. E. Shaw Composite Portfolios, L.L.C., and D. E. Shaw Investment Management Special Investment Fund, L.L.C., David E. Shaw may be deemed to have the shared power to vote or direct the vote of 28,573,445 shares and the shared power to dispose or direct the disposition of 28,765,945 shares, the 28,765,945 shares as described above constituting 5.4% of the outstanding shares, and, therefore, David E. Shaw may be deemed to be the beneficial owner of such shares. David E. Shaw disclaims beneficial ownership of such 28,765,945 shares.
(b)	Percent of class: D. E. Shaw & Co., L.P.: 5.4% D. E. Shaw & Co., L.L.C.: 5.0% David E. Shaw: 5.4%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: D. E. Shaw & Co., L.P.: 0 shares D. E. Shaw & Co., L.L.C.: 0 shares David E. Shaw: 0 shares
	(ii) Shared power to vote or to direct the vote: D. E. Shaw & Co., L.P.: 28,573,445 shares D. E. Shaw & Co., L.L.C.: 26,604,375 shares David E. Shaw: 28,573,445 shares
	(iii) Sole power to dispose or to direct the disposition of: D. E. Shaw & Co., L.P.: 0 shares D. E. Shaw & Co., L.L.C.: 0 shares David E. Shaw: 0 shares
	(iv) Shared power to dispose or to direct the disposition of: D. E. Shaw & Co., L.P.: 28,765,945 shares D. E. Shaw & Co., L.L.C.: 26,604,375 shares David E. Shaw: 28,765,945 shares
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

D. E. Shaw & Co., L.P.

Signature:	/s/ Daniel R. Marcus
Name/Title:	Daniel R. Marcus / Chief Compliance Officer
Date:	09/15/2026

D. E. Shaw & Co., L.L.C.

Signature:	/s/ Daniel R. Marcus
Name/Title:	Daniel R. Marcus / Authorized Signatory
Date:	09/15/2026

David E. Shaw

Signature:	/s/ Daniel R. Marcus
Name/Title:	Daniel R. Marcus / Attorney-in-Fact for David E. Shaw
Date:	09/15/2026

Comments accompanying signature: Exhibit 1: Power of Attorney, granted by David E. Shaw relating to D. E. Shaw & Co., Inc., in favor of the signatories hereto, among others, dated August 1, 2024. Exhibit 2: Power of Attorney, granted by David E. Shaw relating to D. E. Shaw & Co. II, Inc., in favor of the signatories hereto, among others, dated August 1, 2024.

Exhibit Information

Exhibit 3: Joint Filing Agreement, by and among the Reporting Persons, dated September 15, 2026.