Daniel R. Revers - May 10, 2021 Form 4 Insider Report for ArcLight Clean Transition Corp. II (OPAL)

Role
Chairman, Director, 10%+ Owner
Signature
/s/ Daniel Revers
Stock symbol
OPAL
Transactions as of
May 10, 2021
Transactions value $
$0
Form type
4
Date filed
5/10/2021, 05:00 PM
Previous filing
Feb 3, 2022
Next filing
Jun 16, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction OPAL Class B ordinary shares Other -127K -1.8% 6.92M May 6, 2021 Class A ordinary shares 127K By ArcLight CTC Holdings II, L.P. F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Form 4 reflects the surrender to the issuer of 127,174 of the issuer's Class B ordinary shares, par value $0.0001 per share, for no consideration by ArcLight CTC Holdings II, L.P.'s ("Sponsor") as a result of the Sponsor's participation in the issuer's initial public offering, as more fully described in the issuer's registration statement on Form S-1 (File No. 333-252730).
F2 As described in the issuer's registration statement on Form S-1 (File No. 333-252730) under the heading "Description of Securities -- Founder Shares", the Class B ordinary shares will automatically convert into Class A ordinary shares, par value $0.0001 per share, of the issuer at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment for share subdivisions, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
F3 The securities reported herein are held directly by the Sponsor. The reporting person has voting and investment discretion with respect to the securities held by the the Sponsor. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.