Cothran Brian 4

What Happened

• Brian Cothran, Chief Operating Officer of Venture Global (VG), exercised 626,066 stock options (fully vested) between May 19–21, 2026 at an exercise price of $1.16 per share, paying about $726,237 in total. He then sold all 626,066 shares in open-market transactions, receiving aggregate proceeds of approximately $9,223,797. Net proceeds (sale proceeds minus exercise cost) were roughly $8,497,560. The exercises and sales occurred the same days, effectively an exercise-and-sell (cashless-style) transaction.

Key Details

• Transaction dates: Exercises on 2026-05-19 (473,533 shares), 2026-05-20 (120,623), 2026-05-21 (31,910); corresponding open-market sales on the same dates.
• Exercise price: $1.16 per share; total exercise cost ≈ $726,237.
• Sale prices (weighted averages reported): $14.81 (5/19, range $14.64–$14.94), $14.55 (5/20, range $14.37–$14.71), $14.33 (5/21, range $14.20–$14.47). Total sale proceeds ≈ $9,223,797.
• Net cash to insider (proceeds less exercise cost): ≈ $8,497,560.
• Footnotes: Sales prices are weighted averages with per-day price ranges provided (F1–F3). F4 notes the options were fully vested and exercisable. Derivative entries at $0 reflect disposition of the option upon exercise.
• Shares owned after the transactions: Not specified in the provided filing excerpt.
• Filing: Report filed 2026-05-21 covering transactions through 2026-05-21; appears to have been filed timely.

Context

• This is a routine option exercise followed by immediate open-market sales (common when executives exercise vested options and sell the shares). Such transactions generate cash for the insider but do not by themselves indicate company outlook. The filing shows options were vested (F4) and the sales were executed over multiple transactions at the price ranges noted (F1–F3).