Musser Fory 4
Research Summary
AI-generated summary
Venture Global (VG) Senior VP Musser Fory Exercises Options, Sells Shares
What Happened
Musser Fory, Senior Vice President, Development at Venture Global (VG), exercised stock options and promptly sold the resulting shares across two days. On 2026-05-26 she exercised 266,265 options at $0.79 per share (cost ~$210,349) and sold 266,265 shares in the open market at a weighted-average $13.09 ($3,484,317 proceeds). On 2026-05-27 she exercised 233,735 options at $0.79 (cost ~$184,651) and sold 233,735 shares at a weighted-average $12.61 ($2,946,323 proceeds). Combined proceeds were about $6.43 million; combined exercise cost was about $395,000.
Key Details
- Transaction dates: 2026-05-26 and 2026-05-27.
- Sales prices (weighted averages): $13.09 (range $13.00–$13.27) and $12.61 (range $12.60–$12.66). Footnotes F1/F2 disclose the underlying per-trade price ranges; full breakdown available on request to the SEC staff.
- Option exercise price: $0.79 per share. Footnote F3: the option(s) exercised were fully vested and exercisable.
- Filing: Form 4 filed 2026-05-28 reporting the 5/26–5/27 transactions (no late-filing flag in the provided data).
- Shares owned after the transactions: not specified in the information you provided.
Context
These entries show an exercise of vested options followed by immediate open-market sales — effectively a cashless exercise where the insider monetized option value. Such sales are common for covering exercise costs, taxes, or taking liquidity; they are factual disclosures of insider activity rather than statements about company prospects.