Larson Keith D 4

4 · Venture Global, Inc. · Filed Mar 19, 2026

AI-generated summary of this filing

Updated Mar 19, 2026

Venture Global (VG) GC Keith Larson Sells 5M Shares After Exercising Options

What Happened

Keith D. Larson, General Counsel and Secretary of Venture Global, exercised stock options and immediately sold the resulting shares. On 2026-03-18 he exercised 1,793,862 options (strike $0.79) and sold those shares in the open market for a weighted average price of $15.02 (proceeds ≈ $26.94M). On 2026-03-19 he exercised 3,206,138 options (strike $0.79) and sold them at a weighted average price of $15.55 (proceeds ≈ $49.85M).
Combined, Larson acquired 5,000,000 shares by exercise for total strike cost of $3.95M and disposed of those 5,000,000 shares for aggregate proceeds of about $76.79M. The filing also shows a 500,000‑share grant on 2026-03-18.

Key Details

Transaction dates: 2026-03-18 and 2026-03-19; filing date: 2026-03-19 (appears timely).
Exercise strike: $0.79 per share; total cost to exercise ≈ $3.95M.
Sale prices (weighted averages): $15.02 (3/18; range $15.00–$15.09 per F1) and $15.55 (3/19; range $15.30–$15.80 per F2). Total sale proceeds ≈ $76.79M.
Grant noted: 500,000 shares granted 3/18 (footnote F3 indicates this option vests quarterly over 16 quarters). Footnote F4 indicates another option is fully vested and exercisable.
Shares owned after these transactions are not specified in the summarized data provided.
Several derivative entries report $0.00 amounts reflecting option conversions/exercise mechanics rather than additional cash transfers.

Context

This is an exercise-and-sell (cashless) sequence: Larson exercised options (derivative M code) and sold the shares in the open market the same day(s). Such transactions convert option value into cash and are common for executives; they do not by themselves indicate a change in company outlook.
The 500,000‑share award appears to be a time‑vesting option (per F3) and is separate from the exercised, fully vested options (per F4).

Form 4

Period: 2026-03-18

General Counsel and Secretary

Transactions

Exercise/Conversion
Class A Common Stock
2026-03-18$0.79/sh+1,793,862$1,417,151→ 1,793,862 total
Sale
Class A Common Stock
[F1]
2026-03-18$15.02/sh−1,793,862$26,936,991→ 0 total
Exercise/Conversion
Class A Common Stock
2026-03-19$0.79/sh+3,206,138$2,532,849→ 3,206,138 total
Sale
Class A Common Stock
[F2]
2026-03-19$15.55/sh−3,206,138$49,853,843→ 0 total
Award
Stock Options
[F3]
2026-03-18+500,000→ 500,000 total
Exercise: $12.97Exp: 2036-03-18→ Class A Common Stock (500,000 underlying)
Exercise/Conversion
Stock Options
[F4]
2026-03-18−1,793,862→ 10,795,425 total
Exercise: $0.79Exp: 2027-07-01→ Class A Common Stock (1,793,862 underlying)
Exercise/Conversion
Stock Options
[F4]
2026-03-19−3,206,138→ 7,589,287 total
Exercise: $0.79Exp: 2027-07-01→ Class A Common Stock (3,206,138 underlying)

Footnotes (4)

[F1]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.00 to $15.09 per share, inclusive. Upon request by the staff of the Securities and Exchange Commission, the Issuer or any securityholder of the Issuer, the Reporting Person undertakes to provide full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
[F2]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.30 to $15.80 per share, inclusive. Upon request by the staff of the Securities and Exchange Commission, the Issuer or any securityholder of the Issuer, the Reporting Person undertakes to provide full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
[F3]This stock option shall vest in equal quarterly installments on each of the first 16 quarterly anniversaries of the grant date, subject to the reporting person's continuous service through each applicable vesting date.
[F4]This stock option is fully vested and exercisable.

Signature

/s /Keith Larson, Attorney-in-Fact for Larson Keith D|2026-03-19

1 file