Keith D. Larson, who serves as General Counsel and Secretary at Venture Global, Inc. (VG), carried out substantial transactions in the company’s Class A Common Stock on March 18 and 19, 2026. On those dates Larson sold 1,793,862 and 3,206,138 shares, respectively, for aggregate proceeds of approximately $76.8 million. The reported sale prices ranged from $15.00 to $15.80 per share.
Those sales occurred against a backdrop of a strong share-price rally for VG. The stock has climbed 110% year-to-date and was trading at $14.29 at the most recent quoted price. An InvestingPro analysis referenced in company reporting characterizes the shares as appearing overvalued relative to the service’s Fair Value estimate and notes a 12% gain over the prior week.
Alongside the sales, Larson also acquired shares through option exercises on March 18 and 19. The exercises produced 5,000,000 Class A shares at an exercise price of $0.79 per share, representing a total exercised value of $3,950,000. In addition, on March 18 Larson was awarded a separate grant of 500,000 stock options with an exercise price of $12.97 and an expiration date of 2036-03-18.
The insider activity follows Venture Global’s fourth-quarter 2025 financial report, which showed mixed results. The company posted earnings per share (EPS) of $0.41, below the consensus expectation of $0.59. Revenue for the period, however, rose sharply to $4.4 billion from $1.5 billion in the prior year.
Venture Global also announced the completion of $8.6 billion in project financing for Phase 2 of its CP2 liquefied natural gas (LNG) facility in Louisiana, bringing total project financing for that effort to $20.7 billion. The Phase 2 financing attracted more than $19 billion in lender commitments.
Following these developments, several sell-side analysts updated their views. RBC Capital increased its price target on Venture Global shares to $14.00 from $11.00 while retaining an Outperform rating and noting that 31% of the company’s 2026 cargoes remained unsold. Raymond James also lifted its target to $13.00 from $11.00 and kept an Outperform rating, citing the company’s growth in the LNG sector. Goldman Sachs reiterated a Buy rating with a $15.00 price target after what the firm described as a favorable court decision related to LNG supply contracts.
Investors and market participants reviewing these transactions have a range of data points to consider: sizeable insider sales, option exercises that materially increased the insider’s share count, a recent option grant, a quarterly earnings shortfall versus estimates, robust revenue growth year-over-year, and large-scale project financing commitments for an expansion of the company’s LNG infrastructure.
Context and next steps for market watchers
Market observers may weigh the mix of insider selling, option exercises and grants, along with the company’s operating and financing news, as they assess Venture Global’s near-term profile. For investors seeking additional valuation and performance analysis, the referenced InvestingPro Pro Research Report and related materials are cited as sources offering deeper insights for this and more than 1,400 other U.S. equities.