Venture Global (VG) CFO Jonathan Thayer Sells Shares After Exercising Options

What Happened
Jonathan W. Thayer, Chief Financial Officer of Venture Global (VG), exercised stock options and immediately sold the resulting shares over Sept 17–18, 2026. He exercised two option blocks of 111,111 shares each at a $1.16 strike (cost ≈ $128,889 each, total ≈ $257,778) and sold the 222,222 shares in open-market transactions for reported weighted-average prices of $14.40 and $14.23. Proceeds from the sales totaled about $1,599,532 and $1,580,810 respectively (combined ≈ $3,180,342). The filing also reports the technical disposals of the derivative instruments at $0.00 in connection with the exercises.

Key Details

• Transaction dates: exercises on 2026-09-17 and 2026-09-18; sales on 2026-09-17 and 2026-09-18.
• Exercise price: $1.16 per share; exercise cost ≈ $128,888.76 per block (total ≈ $257,777.52).
• Sales: 111,111 shares @ weighted avg $14.40 (proceeds ≈ $1,599,532; prices ranged $14.19–$14.57 per F1) and 111,111 shares @ weighted avg $14.23 (proceeds ≈ $1,580,810; prices ranged $14.04–$14.50 per F2).
• Combined net proceeds (gross sale proceeds before taxes/withholdings): ≈ $3.18 million.
• Footnotes: F1/F2 note weighted-average sale prices and per-trade price ranges; F3 states the option was fully vested and exercisable.
• Shares owned after the transactions are not specified in the summary provided—see the full Form 4 for post-transaction holdings and any tax withholding details.
• Filing: Form filed Sept 21, 2026, reporting transactions from Sept 17–18, 2026 (check the full filing for timeliness details).

Context
This sequence (exercise of vested options followed by immediate sale of the acquired shares) is commonly a cashless exercise or sell-to-cover: the insider converts options into shares and sells the shares right away to realize proceeds and cover the strike/taxes. Such sales are routine compensation-related transactions and are factual disclosures rather than explicit endorsements of the company’s outlook.