Thayer Jonathan W 4

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).