Venture Global, Inc. (VG) reported insider sales by Blake Sarah, the company's senior vice president and chief accounting officer, who disposed of 330,700 shares of Class A common stock in multiple transactions on March 5 and March 9, 2026. The combined proceeds from these sales totaled approximately $3.95 million, according to a Form 4 filing with the Securities and Exchange Commission.
The sales were executed at varying prices. On March 5, three lots were reported: 150,000 shares at a weighted average price of $11.5665, 147,100 shares at a weighted average price of $12.1164, and 2,900 shares at a weighted average price of $12.511. On March 9, an additional 30,700 shares were sold at a weighted average price of $13.0035. Overall, transaction prices ranged from $11.5665 to $13.0035 per share.
In conjunction with the sales, the filing shows that on the same dates Blake Sarah exercised options to acquire a total of 330,700 shares of Class A common stock at an exercise price of $1.55 per share, for a combined exercise cost of $512585. The sequence of exercising options and selling the acquired shares resulted in the net disposition described in the regulatory filing.
Market context from the filing notes that Venture Global's stock has appreciated 69% year-to-date. Despite that advance, the share price is quoted at $11.49, which is below recent peaks reached earlier in the year. An InvestingPro analysis cited in the filing characterizes the stock as appearing slightly undervalued at current levels. The company is also identified as operating with significant leverage, reflected in a reported debt-to-equity ratio of 5.18.
Venture Global disclosed its fourth-quarter 2025 financial results in the same disclosure set. The company reported earnings per share of $0.41 for the quarter, which missed the consensus estimate of $0.59. Revenue for the period was reported at $4.4 billion, a substantial increase from $1.5 billion in the comparable period a year earlier.
Following the earnings release and other developments, several analysts maintained or adjusted their coverage. Raymond James raised its price target for Venture Global to $13.00 from $11.00 and maintained an Outperform rating. Goldman Sachs reiterated a Buy rating with a $15.00 price target, an action taken after a favorable court ruling.
The filing and accompanying disclosures reference a legal development in which the New York Supreme Court declined to overturn an August 2025 arbitration ruling that had been decided in Venture Global's favor. That arbitration decision rejected a challenge by Shell related to LNG supply contracts. The combined reporting highlights strong revenue growth and a positive legal outcome for the company, alongside a quarterly earnings shortfall and differing analyst viewpoints on valuation and target prices.
Summary of transaction details
- Shares sold: 330,700 Class A common shares
- Sale dates: March 5 and March 9, 2026
- Price range: $11.5665 to $13.0035 per share
- Proceeds: Approximately $3.95 million
- Options exercised: 330,700 shares at $1.55 exercise price; total exercise cost $512585
Context and recent corporate developments
The company reported mixed fourth-quarter 2025 results with EPS of $0.41 versus a $0.59 forecast, and revenue of $4.4 billion versus $1.5 billion a year earlier. Analyst actions included Raymond James raising its price target to $13.00 with an Outperform rating, and Goldman Sachs reiterating a Buy rating with a $15.00 target after a favorable court ruling. A New York Supreme Court decision left intact an August 2025 arbitration ruling in Venture Global's favor concerning a challenge by Shell to LNG supply contracts.
Notes
The information above is drawn from the Form 4 filing and the company disclosures cited within it. For investors seeking further proprietary research, the filing references a Pro Research Report covering VG among other U.S. equities.