Thayer Jonathan W 4
4 · Venture Global, Inc. · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
Venture Global (VG) CFO Jonathan Thayer Exercises Options, Sells Shares
What Happened
Jonathan W. Thayer, Chief Financial Officer of Venture Global (VG), exercised a total of 222,222 option shares (111,111 on 2026-05-18 and 111,111 on 2026-05-19) at $1.16 per share (total exercise cost ≈ $257,778). He sold a total of 222,222 common shares in open-market transactions across those dates, generating gross proceeds of approximately $3,206,367 (sales at weighted-average prices reported). The filing also records derivative “dispositions” at $0.00 for the same lots, consistent with a cashless/settlement-style exercise (the filing does not provide additional detail about the settlement method).
Key Details
- Transaction dates: 2026-05-18 and 2026-05-19 (filed with SEC on 2026-05-19). Filing appears timely.
- Option exercises: 111,111 shares @ $1.16 on 5/18 (cost $128,889) and 111,111 shares @ $1.16 on 5/19 (cost $128,889).
- Open-market sales: 86,528 shares @ $14.20 (5/18, $1,228,654 reported weighted avg — see F1), 24,583 shares @ $14.51 (5/18, $356,648 — see F3), and 111,111 shares @ $14.59 (5/19, $1,621,065 — see F2). Total sales proceeds ≈ $3,206,367.
- Footnotes: F1–F3 note the reported sale prices are weighted averages covering price ranges (details available to the SEC on request). F4 notes the option exercised was fully vested and exercisable.
- Shares owned after the transactions: not specified in the filing.
Context / Notes for investors
- This was an exercise of vested options followed by immediate sales of the resulting shares (a cashless or simultaneous-sell pattern). Such transactions commonly occur for tax payment or liquidity and do not by themselves indicate a change in an insider’s long-term view.
- Reporting shows derivative dispositions at $0.00 for the exercised lots; the filing does not explain the exact settlement mechanism (e.g., whether shares were surrendered for taxes, brokered sale, or otherwise).
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
2026-05-18$1.16/sh+111,111$128,889→ 111,111 total - Sale
Class A Common Stock
[F1]2026-05-18$14.20/sh−86,528$1,228,654→ 24,583 total - Sale
Class A Common Stock
[F2]2026-05-18$14.51/sh−24,583$356,648→ 0 total - Exercise/Conversion
Class A Common Stock
2026-05-19$1.16/sh+111,111$128,889→ 111,111 total - Sale
Class A Common Stock
[F3]2026-05-19$14.59/sh−111,111$1,621,065→ 0 total - Exercise/Conversion
Stock Options
[F4]2026-05-18−111,111→ 19,046,101 totalExercise: $1.16Exp: 2030-06-17→ Class A Common Stock (111,111 underlying) - Exercise/Conversion
Stock Options
[F4]2026-05-19−111,111→ 18,934,990 totalExercise: $1.16Exp: 2030-06-17→ Class A Common Stock (111,111 underlying)
Footnotes (4)
- [F1]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.47 to $14.47 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.
- [F2]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.47 to $14.60 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.
- [F3]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.08 to $14.93 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.
- [F4]This stock option is fully vested and exercisable.