Venture Global General Counsel Exercises & Sells $10.2M in Class A Shares

Insider Filing Analysis: Venture Global, Inc. ($VG)

Executive Summary

On October 15, 2026, Keith D. Larson, General Counsel and Secretary of Venture Global, Inc., filed a Form 4 disclosing the exercise of 789,957 stock options and subsequent sale of all acquired Class A Common shares across October 14 and October 15, 2026. The gross proceeds generated from the sales totaled approximately $10.19 million.

Transaction Breakdown

• Stock Option Exercises:
  • Exercised 394,978 stock options at an exercise price of $0.84 on October 14, 2026.
  • Exercised 394,979 stock options at an exercise price of $0.84 on October 15, 2026.
  • Total exercise cost: $663,563.88.
• Open Market Sales:
  • Oct 14, 2026: Sold 394,978 shares at a weighted-average price of $13.3729 ($13.16 to $13.86).
  • Oct 15, 2026: Sold 389,679 shares at a weighted-average price of $12.4268 ($11.78 to $12.73).
  • Oct 15, 2026: Sold 5,300 shares at a weighted-average price of $12.8932 ($12.78 to $12.95).
  • Aggregate gross sale proceeds: $10,192,798.25 (Net profit before taxes: ~$9.53M).

Key Context & Governance

• Rule 10b5-1 Plan: The transaction affirmative defense box is checked, confirming these transactions were executed pursuant to a pre-arranged Rule 10b5-1 trading plan.
• Remaining Holdings: Mr. Larson holds 0 direct shares of Class A Common Stock post-transaction, but continues to hold 3,179,703 exercisable stock options expiring January 24, 2028.
• Significance: Classified as High significance due to the multi-million-dollar transaction volume ($10.2M gross proceeds), though the planned nature and substantial retained option position mitigate potential bearish signaling.