June 18, 2026, 8:41 PM EDT. Venture Global CFO Jonathan W. Thayer executed options to acquire 222,222 Class A shares at $1.16 each, then sold them in open-market trades near $11 per share. This exercise-and-sell pattern converts option compensation into cash, reducing direct share ownership to zero, though Thayer retains 18.7 million options. The filing lacks a 10b5-1 plan disclosure, making the move a routine liquidity event rather than signaling insider confidence or concern. Investors view such open-market sales as more informative than tax-driven trades, but interpretation depends on wider portfolio and company context. This transaction underlines CFO's standard option monetization strategy without altering his exposure materially.