Musser Fory 4

What Happened
Musser Fory, Senior Vice President, Development at Venture Global (VG), exercised stock options and sold the resulting 2,000,000 shares on May 14, 2026. The Form 4 shows an option exercise to acquire 2,000,000 shares at $0.79 per share (cost ≈ $1,580,000), followed the same day by an open-market sale of 2,000,000 shares at a weighted average price of $13.09 per share (proceeds ≈ $26,172,600). The filing also reports a derivative conversion/disposition of 2,000,000 shares at $0.00 (reported as a derivative transaction).

Key Details

• Transaction date: 2026-05-14 (filed: 2026-05-15 — timely)
• Option exercise: 2,000,000 shares acquired at $0.79 each (≈ $1,580,000) — footnote: option is fully vested and exercisable.
• Sale: 2,000,000 shares sold in multiple trades; weighted average sale price $13.09; total proceeds ≈ $26,172,600. Sale prices ranged $13.00–$13.26 (per footnote).
• Derivative entry: 2,000,000 shares shown as exercised/converted at $0.00 (reported as a derivative disposition) — likely reporting detail; no cash proceeds shown for that line.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Filing timeliness: reported promptly (one day after the transaction).

Context

• This is an exercise-and-sell same-day transaction (cashless-style): options were exercised and the resulting shares were sold on the same day, a common practice to cover exercise cost, taxes, or diversify.
• Sales by insiders are common and do not by themselves indicate company outlook; purchases are generally more informative about bullish insider sentiment.