Venture Global (VG) Director Granat Sells 200,000 Shares After Exercise

What Happened Sari Beth Granat, a director of Venture Global, exercised 200,000 shares of derivative securities on Aug 13, 2026 at an exercise price of $2.66 per share (total cost $532,000) and sold 200,000 shares in the open market the same day at a weighted-average price of $13.49 per share, generating gross proceeds of $2,697,240. The filing also records a derivative conversion/disposition of 200,000 shares at $0.00, reflecting the option-to-share conversion mechanics shown in the Form 4.

Key Details

• Transaction date: 2026-08-13; Form 4 filed 2026-08-14 (timely).
• Exercise (code M): 200,000 shares at $2.66 each — total cash paid $532,000.
• Sale (code S): 200,000 shares at a weighted-average $13.49 — total proceeds $2,697,240; prices ranged $13.44–$13.58 (see footnote F1).
• Net proceeds before fees/taxes (proceeds minus exercise cost): approx. $2,165,240.
• Shares owned after the transactions: not reported in the information provided in this summary/filing.
• Notable footnotes:
  • F1: Sale price is a weighted average; shares sold across prices $13.44–$13.58.
  • F2: Option quantity/strike was adjusted for a pre-IPO stock split.
  • F3: The stock option exercised is fully vested and exercisable.
• Timeliness: Filing appears timely (filed one day after the transactions).

Context

• This was an exercise of vested options followed by an immediate open-market sale (a cashless-style outcome): the insider paid the exercise price to convert options into shares and sold those shares the same day. Such transactions commonly provide liquidity to cover exercise costs, taxes, or personal needs and should be considered alongside other insider activity and company fundamentals.
• The reported derivative disposition at $0.00 reflects the conversion mechanics on the Form 4 rather than an economic sale at zero value — see footnotes for details.