Venture Global (VG) Senior VP Musser Fory Exercises Options, Sells Shares

What Happened

• Musser Fory, Senior Vice President, Development at Venture Global, exercised vested stock options to acquire a total of 272,013 shares (12,600 on 2026-08-19 and 259,413 on 2026-08-20) at an exercise price of $0.79 per share (total cash paid ≈ $214,890).
• The same shares were sold in open-market transactions: 12,600 shares on 2026-08-19 at a weighted average price of $14.01 (proceeds $176,517) and 259,413 shares on 2026-08-20 at a weighted average price of $14.26 (proceeds $3,698,581). Total gross sale proceeds ≈ $3,875,098; proceeds minus exercise cost ≈ $3.66M (before taxes/fees).
• The filings also show derivative conversion entries at $0.00, reflecting the options being converted into shares when exercised.

Key Details

• Transaction dates and prices:
  • 2026-08-19: Exercised 12,600 options at $0.79 (paid $9,954); sold 12,600 shares at weighted avg $14.01 (sales proceeds $176,517). (Sale prices ranged $14.01–$14.03, per footnote.)
  • 2026-08-20: Exercised 259,413 options at $0.79 (paid $204,936); sold 259,413 shares at weighted avg $14.26 (sales proceeds $3,698,581). (Sale prices ranged $14.15–$14.30, per footnote.)
• Shares owned after the transactions: not specified in the provided filing details.
• Notable footnotes: F1/F2 indicate reported sale prices are weighted averages across multiple trades (range provided on each date); F3 states the option exercised was fully vested and exercisable.
• Filing: Reported on 2026-08-20 for transactions on 2026-08-19 and 2026-08-20 (no late-filing flag noted in the provided summary).

Context

• This was an option exercise followed by immediate open-market sales (a cashless or monetization-style transaction): the insider exercised vested options and disposed of the resulting shares the same days.
• Exercises that are immediately sold are common ways for insiders to realize gains from vested equity and do not, by themselves, indicate company outlook.