Venture Global General Counsel Keith Larson Sells $35.7M in Stock via Option Exercises

Insider Transaction Overview

On September 8 and 9, 2026, Keith D. Larson, General Counsel and Secretary of Venture Global, Inc. ($VG), executed significant option exercise-and-sell transactions totaling 2,350,000 shares of Class A Common Stock for gross proceeds of approximately $35.68 million.

Breakdown of Transactions

1. September 8, 2026:

   • Option Exercise: Exercised 464,196 stock options at an exercise price of $0.79 per share.
   • Sale: Sold 464,196 shares of Class A Common Stock at a weighted-average price of $15.0472 ($15.00 to $15.10 range), generating ~$6.98 million.

2. September 9, 2026:

   • Option Exercise: Exercised 1,885,804 stock options at an exercise price of $0.79 per share.
   • Sale: Sold 1,885,804 shares of Class A Common Stock at a weighted-average price of $15.2149 ($15.00 to $15.45 range), generating ~$28.69 million.

Key Takeaways

• Pre-Arranged Trading Plan: The transactions were executed under an affirmative defense Rule 10b5-1 trading plan.
• Remaining Holdings: Following these transactions, Mr. Larson directly holds 0 shares of Class A Common Stock and retains 239,287 vested stock options expiring on July 1, 2027.
• Market Impact: Given the substantial dollar volume ($35.7M), this transaction represents a significant liquidity event for a key executive, though structured through option exercises rather than disposition of legacy open-market share holdings.