VG insider ownership: who sold, why, and what they still hold

What stands out

Six insiders sold $131M with no disclosed plan: Fory Musser ($70.0M), Thomas Earl ($31.2M) and Sarah Blake ($14.0M), plus 3 more. The filings don't state a reason.Fory Musser: largest such sale, May 14, 2026 · Thomas Earl: largest such sale, May 27, 2026 · Sarah Blake: largest such sale, Aug 14, 2026

Michael Sabel bought 1.2K shares for $16K, first on Jun 12, 2026.Purchase, Jun 12, 2026

A share of stake is shown for 0 of the 8 officers and directors who sold. 13 are left out

Left out: Michael Sabel, Robert Pender, Jimmy Staton, Keith Larson, Jonathan Thayer, Thomas Earl, Fory Musser, Brian Cothran, Sari Granat, Andrew Orekar, Roderick Christie, Sarah Blake and Thomas Reid (share of stake is being verified).

Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.

Keith Larson

General Counsel and Secretary

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$192M98% planned 2% no plan disclosed

Fory Musser

Senior VP, Development

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$70.0MNo plan disclosed

Jonathan Thayer

Chief Financial Officer

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$68.2MDisclosed plan

Thomas Earl

Chief Commercial Officer

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$31.2MNo plan disclosed

Sarah Blake

SVP, Chief Accounting Officer

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$22.7M38% planned 62% no plan disclosed

All 8 sellers

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planNo plan disclosedOne dollar scale for every month; the tallest bar is labeled

Recent activity

Past 30 days, Sep 14, 2026 to Oct 13, 2026

Sep 18, 2026Jonathan Thayer sold 111K shares ($1.6M) under a disclosed trading plan. 111K shares came in from vesting or option exercises the same day, so the holding rose by 0 net.

Who	Shares	Price	% of total stake	Total stake after	Trade date	Filed
Jonathan Thayer Chief Financial Officer	111,111	$14.23	n/a	n/a	Sep 18, 2026	Sep 21, 2026

Sep 17, 20262 executives sold 506K shares ($7.3M) under a disclosed trading plan. 506K shares came in from vesting or option exercises the same day, so their combined holdings rose by 0 net.

Who	Shares	Price	% of total stake	Total stake after	Trade date	Filed
Keith Larson General Counsel and Secretary	394,979	$14.40	n/a	n/a	Sep 17, 2026	Sep 17, 2026
Jonathan Thayer Chief Financial Officer	111,111	$14.40	n/a	n/a	Sep 17, 2026	Sep 21, 2026

Sep 16, 2026Keith Larson sold 395K shares ($5.9M) under a disclosed trading plan. 395K shares came in from vesting or option exercises the same day, so the holding rose by 0 net.

Who	Shares	Price	% of total stake	Total stake after	Trade date	Filed
Keith Larson General Counsel and Secretary	394,979	$14.82	n/a	n/a	Sep 16, 2026	Sep 17, 2026

Sep 14, 2026Brian Cothran sold 153K shares ($2.5M) under a disclosed trading plan. 153K shares came in from vesting or option exercises the same day, so the holding rose by 0 net.

Who	Shares	Price	% of total stake	Total stake after	Trade date	Filed
Brian Cothran Chief Operating Officer	152,660	$16.15	n/a	n/a	Sep 14, 2026	Sep 14, 2026

"% of total stake" is the shares in an event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings are not confirmed, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Common questions

Is the Venture Global, Inc. CEO selling stock?

No. Michael Sabel reported no open-market sales in the past 12 months.

Why are Venture Global, Inc. insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 67% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 33% had no disclosed plan. A trading plan schedules sales in advance.

Are any Venture Global, Inc. insiders buying?

Yes. 1 officer or director reported 1 purchase in the past 12 months (Form 4 code P; rows the filings describe as reinvested dividends, plan purchases, private deals or moves into the person's own trust are not counted).

The evidence

Who sold8 officers and directors: amount, % of holdings, trading plan

Who sold	Amount	% of holdings	Trading plan
Keith Larson General Counsel and Secretary	$192M 13.62M shares	Not confirmed share of stake is being verified. Why	98% under a disclosed plan 2% no plan disclosed
Fory Musser Senior VP, Development	$70.0M 6.24M shares	Not confirmed share of stake is being verified. Why	No plan disclosed
Jonathan Thayer Chief Financial Officer	$68.2M 4.56M shares	Not confirmed share of stake is being verified. Why	Disclosed plan
Thomas Earl Chief Commercial Officer	$31.2M 3.00M shares	Not confirmed share of stake is being verified. Why	No plan disclosed
Sarah Blake SVP, Chief Accounting Officer	$22.7M 1.65M shares	Not confirmed share of stake is being verified. Why	38% under a disclosed plan 62% no plan disclosed
Brian Cothran Chief Operating Officer	$11.7M 779K shares	Not confirmed share of stake is being verified. Why	21% under a disclosed plan 79% no plan disclosed
Sari Granat Director	$2.7M 200K shares	Not confirmed share of stake is being verified. Why	No plan disclosed
Jimmy Staton Director	$881K 66K shares	Not confirmed share of stake is being verified. Why	No plan disclosed

The full ownership picture0 of 13 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

Insider

Held Oct 13, 2025

Sold

Held Oct 13, 2026

Still held

Michael Sabel

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Michael Sabel are complete.

Chief Executive Officer, Founder, and Executive Co-Chairman of the Board of Directors of the Issuer, Director

n/a

Vesting, gifts, unvested awards and holding lines for Michael Sabel

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Michael Sabel are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Robert Pender

Executive Co-Chairman, Founder, and Executive Co-Chairman of the Board of Directors of the Issuer, Director

n/a

Vesting, gifts, unvested awards and holding lines for Robert Pender

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Robert Pender are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Jimmy Staton

Director

n/a

−66K

n/a

Vesting, gifts, unvested awards and holding lines for Jimmy Staton

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jimmy Staton are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
500	$3568.00	Jun 12, 2027	$0
41,237	$10.40	May 22, 2035	$158K
34,722	$12.37	May 28, 2036	$64K
1,160,165	$0.79	Jun 12, 2027	$15.6M

Estimate: options held × ($14.23 − strike price), using the most recent insider trade price on Form 4 (Sep 18, 2026), not a market close.

Keith Larson

General Counsel and Secretary

n/a

−13.62M

n/a

Vesting, gifts, unvested awards and holding lines for Keith Larson

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Keith Larson are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
3,000	$3568.00	Jul 1, 2027	$0
1,000	$3771.00	Jan 24, 2028	$0
2,000	$7000.00	Apr 1, 2029	$0
500	$7000.00	Apr 20, 2031	$0
1,000	$15300.00	May 12, 2032	$0
3,969,660	$0.84	Jan 24, 2028	$53.1M
9,040,663	$1.55	Apr 1, 2029	$115M
2,260,165	$1.55	Apr 20, 2031	$28.7M
4,520,331	$3.39	May 12, 2032	$49.0M
500,000	$12.97	Mar 18, 2036	$629K

Estimate: options held × ($14.23 − strike price), using the most recent insider trade price on Form 4 (Sep 18, 2026), not a market close.

Jonathan Thayer

Chief Financial Officer

n/a

−4.56M

n/a

Vesting, gifts, unvested awards and holding lines for Jonathan Thayer

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jonathan Thayer are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
5,000	$5200.00	Jun 17, 2030	$0
1,000	$15300.00	May 12, 2032	$0
500,000	$12.97	Mar 18, 2036	$629K
18,046,102	$1.16	Jun 17, 2030	$236M
4,520,331	$3.39	May 12, 2032	$49.0M

Estimate: options held × ($14.23 − strike price), using the most recent insider trade price on Form 4 (Sep 18, 2026), not a market close.

Thomas Earl

Chief Commercial Officer

n/a

−3.00M

n/a

Vesting, gifts, unvested awards and holding lines for Thomas Earl

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Thomas Earl are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
2,000	$3568.00	Jul 18, 2027	$0
1,000	$3771.00	Jan 24, 2028	$0
1,000	$7000.00	Apr 1, 2029	$0
500	$7000.00	Apr 20, 2031	$0
1,000	$5200.00	Apr 1, 2030	$0
1,000	$15300.00	May 12, 2032	$0
4,540,663	$0.79	Jul 18, 2027	$61.0M
4,520,331	$0.84	Jan 24, 2028	$60.5M
4,520,331	$1.55	Apr 1, 2029	$57.3M
2,260,165	$1.55	Apr 20, 2031	$28.7M
4,520,331	$1.16	Apr 1, 2030	$59.1M
4,520,331	$3.39	May 12, 2032	$49.0M

Estimate: options held × ($14.23 − strike price), using the most recent insider trade price on Form 4 (Sep 18, 2026), not a market close.

Fory Musser

Senior VP, Development

n/a

−6.24M

n/a

Vesting, gifts, unvested awards and holding lines for Fory Musser

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Fory Musser are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
100	$3568.00	Jun 26, 2027	$0
500	$3568.00	Jun 26, 2027	$0
1,000	$3568.00	Jun 26, 2027	$0
100	$15300.00	May 12, 2032	$0
278,771	$0.79	Jun 26, 2027	$3.7M
260,165	$0.79	Jun 26, 2027	$3.5M
452,033	$0.79	Jun 26, 2027	$6.1M
452,033	$3.39	May 12, 2032	$4.9M
500,000	$12.97	Mar 18, 2036	$629K

Estimate: options held × ($14.23 − strike price), using the most recent insider trade price on Form 4 (Sep 18, 2026), not a market close.

Brian Cothran

Chief Operating Officer

n/a

−779K

n/a

Vesting, gifts, unvested awards and holding lines for Brian Cothran

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Brian Cothran are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
5,000	$5200.00	Sep 15, 2030	$0
1,000	$15300.00	May 12, 2032	$0
500,000	$12.97	Mar 18, 2036	$629K
21,822,932	$1.16	Sep 15, 2030	$285M
4,520,331	$3.39	May 12, 2032	$49.0M

Estimate: options held × ($14.23 − strike price), using the most recent insider trade price on Form 4 (Sep 18, 2026), not a market close.

Sari Granat

Director

n/a

−200K

n/a

Vesting, gifts, unvested awards and holding lines for Sari Granat

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Sari Granat are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
500	$12000.00	Jan 28, 2032	$0
41,237	$10.40	May 22, 2035	$158K
34,722	$12.37	May 28, 2036	$64K
2,060,165	$2.66	Jan 28, 2032	$23.8M

Estimate: options held × ($14.23 − strike price), using the most recent insider trade price on Form 4 (Sep 18, 2026), not a market close.

Andrew Orekar

Director

n/a

Vesting, gifts, unvested awards and holding lines for Andrew Orekar

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Andrew Orekar are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
500	$10000.00	Sep 8, 2031	$0
41,237	$10.40	May 22, 2035	$158K
34,722	$12.37	May 28, 2036	$64K

Estimate: options held × ($14.23 − strike price), using the most recent insider trade price on Form 4 (Sep 18, 2026), not a market close.

Roderick Christie

Director

n/a

Vesting, gifts, unvested awards and holding lines for Roderick Christie

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Roderick Christie are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
500	$18000.00	Jun 1, 2033	$0
41,237	$10.40	May 22, 2035	$158K
34,722	$12.37	May 28, 2036	$64K

Estimate: options held × ($14.23 − strike price), using the most recent insider trade price on Form 4 (Sep 18, 2026), not a market close.

Sarah Blake

SVP, Chief Accounting Officer

n/a

−1.65M

n/a

Vesting, gifts, unvested awards and holding lines for Sarah Blake

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Sarah Blake are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
2,000	$7000.00	Jan 31, 2030	$0
250	$7000.00	Apr 20, 2031	$0
7,390,663	$1.55	Jan 31, 2030	$93.7M
1,130,082	$1.55	Apr 20, 2031	$14.3M
500,000	$12.97	Mar 18, 2036	$629K

Estimate: options held × ($14.23 − strike price), using the most recent insider trade price on Form 4 (Sep 18, 2026), not a market close.

Thomas Reid

Director

n/a

Vesting, gifts, unvested awards and holding lines for Thomas Reid

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Thomas Reid are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
500	$12000.00	Jan 14, 2032	$0
41,237	$10.40	May 22, 2035	$158K
34,722	$12.37	May 28, 2036	$64K

Estimate: options held × ($14.23 − strike price), using the most recent insider trade price on Form 4 (Sep 18, 2026), not a market close.

Holdings and share of stake for Venture Global, Inc. are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

What explains the selling$399M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $399M across 30,114,499 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

Disclosed plan · $267M · 67%

33%

The lighter segment is sales with no plan disclosed in the filing ($132M), including tax-related sales outside a plan.

No plan disclosed · $132M

Sales with no 10b5-1 plan and no tax reference in the filing. $70.0M of it is Fory Musser. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Fory Musser, May 14, 2026

Purchases · 1 buyer (1 trade)

1 officer or director bought shares in this period, in 1 trade(Form 4 code P, leaving out rows the filings describe as reinvested dividends, plan purchases, private deals or moves into the person's own trust). Across all their filings on record there are 17 purchase trades.

Seller	Shares sold	Proceeds	Under a disclosed plan	Share of total	Sales dates
Keith Larson General Counsel and Secretary	13.62M	$192M	98%	48%	Nov 13, 2025 to Sep 17, 2026
Fory Musser Senior VP, Development	6.24M	$70.0M	0%	18%	Nov 14, 2025 to Aug 20, 2026
Jonathan Thayer Chief Financial Officer	4.56M	$68.2M	100%	17%	Mar 18, 2026 to Sep 18, 2026
Thomas Earl Chief Commercial Officer	3.00M	$31.2M	0%	8%	Dec 5, 2025 to May 27, 2026
Sarah Blake SVP, Chief Accounting Officer	1.65M	$22.7M	38%	6%	Mar 5, 2026 to Aug 14, 2026
Brian Cothran Chief Operating Officer	779K	$11.7M	21%	3%	May 19, 2026 to Sep 14, 2026
Sari Granat Director	200K	$2.7M	0%	0.7%	Aug 13, 2026 to Aug 13, 2026
Jimmy Staton Director	66K	$881K	0%	0.2%	Aug 13, 2026 to Aug 13, 2026

Sales by month

Month	Sale proceeds	Disclosed plan	To cover taxes	No plan disclosed
Oct 2025	$0	$0	$0	$0
Nov 2025	$19.9M	$0	$0	$19.9M
Dec 2025	$6.9M	$0	$0	$6.9M
Jan 2026	$0	$0	$0	$0
Feb 2026	$0	$0	$0	$0
Mar 2026	$159M	$136M	$0	$22.7M
Apr 2026	$16.5M	$16.5M	$0	$0
May 2026	$72.5M	$18.3M	$0	$54.3M
Jun 2026	$15.3M	$15.3M	$0	$0
Jul 2026	$17.5M	$17.5M	$0	$0
Aug 2026	$38.7M	$10.6M	$0	$28.1M
Sep 2026	$52.9M	$52.9M	$0	$0
Oct 2026	$0	$0	$0	$0

Known gaps and uncertainty13 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for Venture Global, Inc. are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology77 filings on record, 44 filed in the 12-month period, and how we read them

All 77 Forms 3, 4 and 5 on record for Venture Global, Inc. (SEC CIK 2007855), filed from Jan 23, 2025 to Sep 21, 2026; 44 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 13, 2026. Prices are the ones reported in each filing, often weighted averages.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Spotted something wrong on this page? Report an error. We check every report against the SEC filing and list what we fix in the corrections log.

Venture Global, Inc. insiders sold $399M in the past 12 months. How much of their stake is that?

What stands out

Who sold, and how much of their stake

Selling by month

Recent activity

Common questions

Is the Venture Global, Inc. CEO selling stock?

Why are Venture Global, Inc. insiders selling?

Are any Venture Global, Inc. insiders buying?

The evidence

No plan disclosed · $132M

Purchases · 1 buyer (1 trade)

Sales by month