Blake Sarah 4

What Happened
Sarah Blake, Senior Vice President and Chief Accounting Officer of Venture Global (VG), exercised 119,300 stock options and sold the resulting 119,300 shares in the open market on March 12, 2026. The exercise price was $1.55 per share (total cost $184,915). The shares were sold at a weighted-average price of $13.01 per share for gross proceeds of $1,551,842. The filing shows the option was fully vested and exercisable.

Key Details

• Transaction date: 2026-03-12 (filed same day). Filing appears timely.
• Exercise (M): 119,300 shares at $1.55 — acquisition cost $184,915.
• Sale (S): 119,300 shares at weighted avg $13.01 — gross proceeds $1,551,842. Sales executed at prices ranging $13.00–$13.06 (footnote).
• Derivative conversion line reported at $0 reflects the conversion/exercise of the option into shares.
• Option status: fully vested and exercisable (footnote).
• Shares owned after the transactions: not reported in the provided filing.

Context
This is effectively a cashless exercise (options exercised and the resulting shares sold the same day), a common way for insiders to realize gains from vested options. Such sales are often routine and do not necessarily indicate a change in the insider’s view of the company. Total net proceeds before fees and taxes are approximately $1.37M (gross proceeds $1,551,842 minus exercise cost $184,915).