Venture Global General Counsel Offloads $11.5 Million in Stock After Option Exercises

Keith D. Larson sells all acquired shares across two mid-September transactions, leaving him with no direct Class A holdings but nearly 4 million derivative securities.

Venture Global's General Counsel and Secretary, Keith D. Larson, sold approximately $11.5 million worth of Class A Common Stock in two separate transactions on September 16 and 17, 2026, immediately after exercising fully vested stock options. The sales, which generated total proceeds of $11,538,640, were executed at weighted average prices of $14.8175 and $14.3958 per share, respectively. Following the transactions, Larson holds no direct beneficial ownership of Class A Common Stock but retains 3,969,660 derivative securities in the form of stock options. The company's stock has delivered a 57% return over the past year and currently trades at a P/E ratio of 6.11 with a market capitalization of $31.65 billion. Venture Global recently reported strong third-quarter 2026 financial results, with revenue rising to $4.8 billion and adjusted EBITDA reaching a record $2.6 billion.

Venture Global General Counsel Offloads $11.5 Million in Stock After Option Exercises

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Key Points

Keith D. Larson, General Counsel and Secretary of Venture Global, sold approximately $11.5 million in stock across two transactions on September 16 and 17, 2026, immediately after exercising stock options.
The sales were executed at weighted average prices of $14.8175 and $14.3958 per share, generating total proceeds of $11,538,640 against a combined option exercise cost of $651,600.
Following the transactions, Larson holds no direct Class A Common Stock but retains 3,969,660 derivative securities in the form of stock options.
Venture Global reported strong Q3 2026 results with revenue of $4.8 billion and record adjusted EBITDA of $2.6 billion, and announced plans to expand into power infrastructure for AI data centers.

Venture Global, Inc. (NASDAQ:VG) disclosed that its General Counsel and Secretary, Keith D. Larson, sold shares valued at approximately $11.5 million across two separate transactions in mid-September. The sales followed the exercise of fully vested stock options to acquire the underlying shares, according to the filings.

The transactions occurred as VG stock has delivered a 57% return over the past year, though analysis indicates the stock remains undervalued at current levels.

September 16 Transaction

On September 16, 2026, Mr. Larson exercised options to acquire 394,979 shares of Class A Common Stock at prices ranging from $0.79 to $0.84 per share, representing a total cost of $319,500. Immediately following this acquisition, he sold all 394,979 shares at a weighted average price of $14.8175 per share. The actual sale prices for these shares ranged from $14.55 to $15.23 per share, generating total proceeds of approximately $5.85 million.

September 17 Transaction

The following day, on September 17, 2026, Mr. Larson again exercised options to acquire an additional 394,979 shares of Class A Common Stock at a price of $0.84 per share, incurring a total cost of $332,100. These shares were subsequently sold at a weighted average price of $14.3958 per share, with individual transaction prices ranging from $14.19 to $14.58 per share. This sale yielded total proceeds of approximately $5.69 million.

In total, Mr. Larson acquired 789,958 shares through option exercises at a combined cost of $651,600 and sold all of these shares for total proceeds of $11,538,640. Following these transactions, Mr. Larson holds no direct beneficial ownership of Class A Common Stock, but retains 3,969,660 derivative securities in the form of stock options.

Venture Global currently trades at a P/E ratio of 6.11 with a market capitalization of $31.65 billion.

Recent Financial Performance

In other recent news, Venture Global reported significant financial results for the third quarter of 2026, with revenue increasing to $4.8 billion from $3.3 billion in the previous year. The company’s adjusted EBITDA reached a record $2.6 billion, reflecting the benefits of higher volumes and prices. Venture Global also announced plans to expand into power infrastructure for AI data centers. Although the company did not provide an actual EPS figure, analysts had forecasted earnings of $0.26 per share. These developments come as Venture Global continues to strengthen its position in the LNG market.

Risks

The sale of all directly held Class A shares by a senior executive could be perceived by some investors as a signal of reduced insider confidence, potentially affecting market sentiment toward the stock.
The company's expansion into power infrastructure for AI data centers represents a new strategic direction that may carry execution and integration risks, although the article does not provide specific details on the scale or timing of this initiative.
Venture Global's financial performance is tied to the LNG market, where volumes and prices can be volatile; the article notes that recent results benefited from higher volumes and prices, but does not provide forward-looking guidance.

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