Thayer Jonathan W 4

What Happened

• Jonathan W. Thayer, Chief Financial Officer of Venture Global, exercised 222,222 stock options (two exercises of 111,111 shares) and sold the same number of shares in open-market transactions on June 17–18, 2026.
• Exercise price paid: $1.16 per share (total cost $257,778). Sale proceeds: weighted-average prices $11.05 and $10.92 for total gross proceeds of $1,227,988 and $1,213,054, respectively (combined ≈ $2,441,042). Net proceeds after exercise cost ≈ $2,183,264.
• The filing also records derivative conversion entries at $0.00 per share that reflect the conversion/exercise mechanics (see Key Details).

Key Details

• Transaction dates: June 17 and June 18, 2026.
• Exercise entries: 2 × 111,111 shares acquired at $1.16 each (reported as “M” — option exercise). Footnote F3: the stock option exercised was fully vested and exercisable.
• Sale entries: 2 × 111,111 shares sold in open-market trades (reported as “S”): weighted-average prices $11.05 (range $10.82–$11.19, F1) and $10.92 (range $10.59–$11.07, F2). Upon request, the reporting person will provide the number of shares sold at each separate price within those ranges.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Timeliness: Reported on Form 4 filed June 18, 2026 for activity through June 17–18, 2026; no late filing flag indicated.

Context

• This appears to be an exercise of vested options followed by immediate sales of the resulting shares (a cashless or near-immediate disposition). The Form 4 shows both the option exercise (acquisition) and the subsequent open-market sales.
• Sales by executives are commonly routine (e.g., exercising vested options, tax payment, diversification) and are not by themselves a direct indicator of company prospects. Purchases generally provide stronger signals of insider conviction.