Venture Global (VG) General Counsel Keith D. Larson Exercises Options, Sells Shares

What Happened
Keith D. Larson, General Counsel and Secretary of Venture Global, exercised a total of 1,111,111 shares (options) at $0.79 per share (total exercise cost ~$877,777) on July 15–16, 2026, and sold the same number of shares in open-market transactions the same days for weighted-average prices of $12.93 and $12.91. The reported gross proceeds from the two sales were $7,182,395 (Jul 15) and $7,174,382 (Jul 16), totaling about $14.36 million. The Form 4 also lists corresponding derivative dispositions at $0.00 for the same share amounts.

Key Details

• Transaction dates: July 15, 2026 and July 16, 2026.
• Exercises: 555,556 shares on 7/15 and 555,555 shares on 7/16 at $0.79 each (F3: option fully vested). Total exercised = 1,111,111; total cost ≈ $877,777.
• Sales: 555,556 shares sold on 7/15 at weighted avg $12.93 (range $12.72–$13.25 per F1) = $7,182,395; 555,555 shares sold on 7/16 at weighted avg $12.91 (range $12.67–$13.23 per F2) = $7,174,382. Total gross proceeds ≈ $14,356,777.
• Filing shows derivative dispositions at $0.00 for the same share counts (no further explanation in the filing).
• Shares owned after the transactions: not stated in the provided filing excerpt.
• Timeliness: filing date 2026-07-16 for transactions on 7/15–7/16; no late-filing flag indicated.

Context
This was an exercise of vested options followed by immediate open-market sales (a cashless exercise/sell-down). The filing’s footnotes note weighted-average sale prices and that the reporting person will provide a breakdown of per-trade prices to the SEC on request. Exercises that are immediately sold are common for option holders and do not, by themselves, indicate management’s view of the company’s long-term prospects.