Larson Keith D 4
4 · Venture Global, Inc. · Filed May 15, 2026
Research Summary
AI-generated summary of this filing
Venture Global (VG) GC Keith D. Larson Sells 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 in open-market transactions. On May 14, 2026 he exercised 555,556 options at $0.79 per share (cost $438,889) and sold those 555,556 shares at a weighted-average price of $13.07 for proceeds of $7,259,506. On May 15, 2026 he exercised 555,555 options at $0.79 per share (cost $438,888) and sold those 555,555 shares at a weighted-average price of $14.04 for proceeds of $7,800,826. The filings also report the related derivative instruments were extinguished on exercise. Total shares exercised and sold: 1,111,111; total sale proceeds: approximately $15.06M; total exercise cost: $877,777.
Key Details
- Transaction dates: May 14, 2026 and May 15, 2026. Filing date: May 15, 2026 (filed promptly).
- Sale prices (weighted averages): $13.07 (range $12.80–$13.26) and $14.04 (range $13.45–$14.39). The filer will provide per-trade breakdown to the SEC on request (see footnotes).
- Options info: the options exercised were fully vested and exercisable (footnote F3). The derivative entries at $0.00 reflect the extinguishment of the options on exercise.
- Shares owned after the transactions: not specified in the provided data.
- Filing timeliness: reported period 2026-05-14 and filed 2026-05-15 — appears timely.
Context
This is a common “exercise-and-sell” (cashless) transaction: the insider exercised vested options and sold the resulting shares in the open market. Such transactions convert option value to cash and do not, by themselves, indicate the insider’s longer-term view of the stock. All figures above are taken from the Form 4; no inference about motives is made.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
2026-05-14$0.79/sh+555,556$438,889→ 555,556 total - Sale
Class A Common Stock
[F1]2026-05-14$13.07/sh−555,556$7,259,506→ 0 total - Exercise/Conversion
Class A Common Stock
2026-05-15$0.79/sh+555,555$438,888→ 555,555 total - Sale
Class A Common Stock
[F2]2026-05-15$14.04/sh−555,555$7,800,826→ 0 total - Exercise/Conversion
Stock Options
[F3]2026-05-14−555,556→ 5,922,619 totalExercise: $0.79Exp: 2027-07-01→ Class A Common Stock (555,556 underlying) - Exercise/Conversion
Stock Options
[F3]2026-05-15−555,555→ 5,367,064 totalExercise: $0.79Exp: 2027-07-01→ Class A Common Stock (555,555 underlying)
Footnotes (3)
- [F1]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.80 to $13.26 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 $13.45 to $14.39 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 is fully vested and exercisable.