Pender Robert B 4

What Happened Robert B. Pender, Executive Co‑Chairman, Founder and reported 10% owner of Venture Global, transferred a total of 1,080,000 shares of Class A Common Stock on November 25, 2025. The filing shows a disposal of 1,080,000 shares (gift) and corresponding acquisitions of 360,000 shares each by three dynasty trusts — all for $0 per share (total value $0). The transfers are reported as gifts, not open‑market sales.

Key Details

• Transaction date: November 25, 2025; Form 4 filed January 23, 2026 (filing is late relative to the usual 2‑business‑day requirement).
• Transaction type/code: Gift (G); price per share: $0.
• Shares transferred: 1,080,000 total (360,000 to each of three dynasty trusts).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote F1: Confirms the transfer of 360,000 shares to each of three dynasty trusts for no consideration.
• Footnote F2: States the shares held in the Dynasty Trust are managed by the Reporting Person (he has dispositive power as investment manager) but he disclaims beneficial ownership except to the extent of any pecuniary interest.
• Reporting person’s title: Executive Co‑Chairman and Founder of the issuer.

Context Gifts to dynasty trusts are typically estate/wealth‑transfer transactions and do not represent an open‑market buy or sell; they therefore should not be read as a clear bullish or bearish market signal. Because Pender is both an executive and a reported 10% owner, these transfers adjust how shares are held (trust ownership and dispositive arrangements) but do not necessarily change economic exposure disclosed beyond any pecuniary interest he retains. The late filing may be of interest to investors who track timely insider activity.