Larson Keith D 4

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.