Thayer Jonathan W 4

4 · Venture Global, Inc. · Filed Jul 21, 2026

AI-generated summary of this filing

Updated Jul 21, 2026

Venture Global (VG) CFO Jonathan Thayer Exercises Options, Sells Shares

What Happened

Jonathan W. Thayer, Chief Financial Officer of Venture Global, exercised vested stock options and sold the resulting shares over two days. On July 20 he exercised 111,111 options at $1.16 (reported cost $128,889) and sold 111,111 shares in the open market for about $1,578,598 (weighted avg). On July 21 he repeated the same: exercised 111,111 options at $1.16 (cost $128,889) and sold 111,111 shares for about $1,564,498 (weighted avg).
Combined, Thayer sold 222,222 shares for approximately $3,143,096 in gross proceeds and paid roughly $257,778 to exercise the options (net proceeds before taxes/withholdings ≈ $2,885,318).
The Form 4 also reports derivative disposals at $0.00 for 111,111 shares on each day associated with the exercises (see Key Details below).

Key Details

Transaction dates and reported prices:
- 2026-07-20: Exercised 111,111 options @ $1.16 (acquired); sold 111,111 shares @ weighted avg $14.21 (sales ranged $13.65–$14.60) — proceeds ~$1,578,598.
- 2026-07-21: Exercised 111,111 options @ $1.16 (acquired); sold 111,111 shares @ weighted avg $14.08 (sales ranged $13.89–$14.54) — proceeds ~$1,564,498.
- The filing also lists two derivative disposals (111,111 shares each) at $0.00 on those dates.
Shares owned after the transactions: Not specified in the excerpt provided (Form 4 typically shows this; check the full filing for the exact beneficial ownership after the trades).
Footnotes of note:
- F1/F2: The sale prices are weighted averages; specific sale prices ranged across the noted ranges and the filer can provide per-price details on request by the SEC.
- F3: The stock option exercised is fully vested and exercisable.
Filing timeliness: Report period includes trades on July 20–21 and the Form 4 was filed July 21, 2026 — appears to have been filed promptly.

Context

This pattern (exercise followed by immediate sale) is common for option exercises that are effectively cashless: the insider exercises options and sells shares to cover exercise costs, taxes, or to realize gains. The presence of $0.00 derivative disposals in the filing likely relates to conversion/withholding mechanics tied to the exercise—review the full Form 4 for exact treatment.
These are routine insider transactions and do not, by themselves, indicate company performance or insider sentiment beyond the factual execution and sale of option-derived shares.

Form 4

Period: 2026-07-20

Chief Financial Officer

Transactions

Exercise/Conversion
Class A Common Stock
2026-07-20$1.16/sh+111,111$128,889→ 111,111 total
Sale
Class A Common Stock
[F1]
2026-07-20$14.21/sh−111,111$1,578,598→ 0 total
Exercise/Conversion
Class A Common Stock
2026-07-21$1.16/sh+111,111$128,889→ 111,111 total
Sale
Class A Common Stock
[F2]
2026-07-21$14.08/sh−111,111$1,564,498→ 0 total
Exercise/Conversion
Stock Options
[F3]
2026-07-20−111,111→ 18,601,657 total
Exercise: $1.16Exp: 2030-06-17→ Class A Common Stock (111,111 underlying)
Exercise/Conversion
Stock Options
[F3]
2026-07-21−111,111→ 18,490,546 total
Exercise: $1.16Exp: 2030-06-17→ Class A Common Stock (111,111 underlying)

Footnotes (3)

[F1]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.65 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.
[F2]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.89 to $14.54 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]This stock option is fully vested and exercisable.

Signature

/s /Keith Larson, Attorney-in-Fact for Thayer Jonathan W|2026-07-21

1 file