General Counsel Keith D Larson sold 1,111,111 shares for $12,875,165.70 on scheduled 10b5-1 plan; stock down 43.1% from 52-week high.
Keith D Larson, General Counsel and Secretary, executed two separate sales totaling 1,111,111 shares for $12,875,165.70 (blended average $11.59) on 2026-06-15 and 2026-06-16 under a scheduled 10b5-1 trading plan, reducing his non-derivative holdings to zero. The sales occurred as VG stock trades at $11.09, down 43.1% from its 52-week high of $19.50 and 22.1% lower over 30 days. The company's fundamentals remain relatively strong (P/E 11.92, annual revenue growth +176.9%, net income $625,000,000.00 on revenue of $4,599,000,000.00), but the significant price decline and scheduled nature of the sales through a pre-arranged trading plan suggest this execution reflects predetermined liquidity decisions rather than discretionary market timing. Larson retains 9,067,461 shares through derivative holdings (stock options), maintaining material economic exposure to the company.