U.S. LNG Beneficiary Executives Cash Out Hundreds of Billions Through Stock Option Exercise

Venture Global, Inc. (NYSE: VG) disclosed that its Chief Legal Officer, Keith D. Larson, and Head of Development, Musser Fory, exercised stock options totaling millions of shares in mid-April and mid-May and immediately sold an equal number of Class A common shares.

Both executives exercised their options at $0.79 per share and sold most of the shares in the $12–14 range, realizing aggregate cash proceeds of tens of millions of dollars (equivalent to several hundred billion Korean won).

Following these transactions, filings show that each officer’s direct holdings of common stock have been reduced to zero or a minimal level, while they still retain a substantial number of unexercised stock options.

Earlier this month, through its subsidiary Plaquemines LNG, Venture Global issued approximately $2.5 billion of senior secured notes (around 3 trillion KRW) to fund the expansion of its LNG facilities and other working-capital needs, continuing its large-scale growth investments.

In its recent investor presentation, the company reaffirmed plans to incrementally expand production capacity—focusing on the Calcasieu Pass and Plaquemines LNG projects in Louisiana—to strengthen its position as a leading U.S. LNG exporter.

Headquartered in Arlington, Virginia, Venture Global is a low-cost producer and exporter of liquefied natural gas, operating large-scale facilities at Calcasieu Pass and Plaquemines in Louisiana. Since listing on the New York Stock Exchange in 2025, the company has secured long-term supply contracts and pursued facility expansions, emerging as a notable U.S. energy firm amid the global LNG supply-chain reconfiguration.