ArcLight CTC Holdings II, L.P. - 10 May 2021 Form 4 Insider Report for ArcLight Clean Transition Corp. II (OPAL)

Role
10%+ Owner
Signature
ArcLight CTC Holdings II, L.P., By: ACTC Holdings GP II, LLC, its General Partner, /s/ Daniel R. Revers
Issuer symbol
OPAL
Transactions as of
10 May 2021
Net transactions value
$0
Form type
4
Filing time
10 May 2021, 17:00:16 UTC
Previous filing
03 Feb 2022
Next filing
25 Jul 2022
SEC
View on sec.gov

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 -127,174 -1.8% 6,920,326 06 May 2021 Class A ordinary shares 127,174 Direct 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 the reporting person as a result of its 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 This Form 4 is being filed by the reporting person. The reporting person is controlled by Daniel R. Revers.