Insider Trading March 12, 2026

Venture Global Accounting Chief Disposes of Class A Shares After Option Exercise

Blake Sarah sells 119,300 Class A shares for $1.55 million; company posts mixed quarterly results and receives favorable court ruling amid analyst target adjustments

By Marcus Reed VG
Venture Global Accounting Chief Disposes of Class A Shares After Option Exercise
VG

Venture Global SVP and Chief Accounting Officer Blake Sarah sold 119,300 shares of the company’s Class A common stock on March 12, 2026, receiving $1,551,842. The transaction followed an exercise of options to acquire the same number of shares at $1.55 apiece. The company reported a Q4 2025 earnings shortfall even as revenue climbed sharply, and recent legal and analyst developments have followed a court decision upholding an arbitration ruling in Venture Global’s favor.

Key Points

  • SVP and Chief Accounting Officer Blake Sarah sold 119,300 Class A shares on March 12, 2026 for $1,551,842 after exercising options for the same number of shares at $1.55 each.
  • Venture Global reported Q4 2025 EPS of $0.41, missing the $0.59 consensus, while revenue increased to $4.4 billion from $1.5 billion year-over-year.
  • The New York Supreme Court upheld an August 2025 arbitration ruling favoring Venture Global; Goldman Sachs reiterated a $15.00 price target and Raymond James raised its target to $13.00.

Venture Global, Inc. (VG) disclosed that Blake Sarah, the company’s Senior Vice President and Chief Accounting Officer, completed a sale of 119,300 shares of Class A Common Stock on March 12, 2026. The shares sold for aggregate proceeds of $1,551,842, with execution prices ranging from $13.00 to $13.06 per share.

On the same date, Sarah exercised options enabling the acquisition of 119,300 Class A shares at an exercise price of $1.55 per share, for a total exercised value of $184,915. Following the sale and option exercise, Sarah is recorded as holding 0 shares of Class A Common Stock directly.

The company’s stock was trading at $12.77 at the time of reporting, representing an 87% year-to-date increase. InvestingPro analysis noted that Venture Global appears to be valued above its Fair Value.


Quarterly results and legal backdrop

Venture Global’s fourth-quarter 2025 results included an earnings-per-share figure of $0.41, which missed consensus expectations of $0.59. Revenue for the period rose markedly to $4.4 billion, up from $1.5 billion in the prior year.

Separately, the New York Supreme Court affirmed an August 2025 arbitration decision that favored Venture Global by rejecting Shell’s challenge to certain liquefied natural gas supply contracts.


Analyst reactions

Following the court ruling, Goldman Sachs reiterated its Buy rating on Venture Global and left its $15.00 price target intact. Raymond James adjusted its view by raising its price target to $13.00 from $11.00 while maintaining an Outperform rating.

Taken together, these corporate, legal and analyst items outline recent activity around Venture Global as the company continues to operate in the U.S. liquefied natural gas market.


Context for investors

  • Insider activity: A senior executive exercised options and sold the resulting Class A shares in the same trading session.
  • Valuation signals: The stock’s strong year-to-date performance contrasts with an InvestingPro assessment that the shares are overvalued relative to Fair Value.
  • Operational and legal updates: Mixed quarterly results were paired with a court decision that affirmed an arbitration ruling for the company.

Risks

  • Valuation risk: InvestingPro analysis indicates Venture Global may be trading above its Fair Value, which could affect investor returns - impacts equity markets and energy sector valuations.
  • Earnings risk: The company’s Q4 2025 EPS of $0.41 missed expectations of $0.59, indicating potential volatility in reported profitability - impacts investor sentiment and energy sector earnings narratives.
  • Legal and contractual uncertainty: Although the New York Supreme Court upheld an arbitration ruling for Venture Global, related contractual disputes and challenges (such as the one raised by Shell) represent ongoing legal considerations - impacts LNG supply relationships and contract enforcement in the energy sector.

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