Steven Berkenfeld - Jul 21, 2022 Form 4 Insider Report for OPAL Fuels Inc. (OPAL)

Role: Former Director
Signature: /s/ Steven Berkenfeld
Stock symbol: OPAL
Transactions as of: Jul 21, 2022
Transactions value $: $0
Form type: 4
Date filed: 7/25/2022, 07:21 PM
Previous filing: Jun 16, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	Price $	Shares After	Date	Ownership	Footnotes
transaction	OPAL	Class A Common Stock	+Grant/Award		+35,000			35,000	Jul 21, 2022	Direct	F1

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	-Disposed to Issuer		-35,000	-100%		0	Jul 21, 2022	Class A Common Stock	35,000		Direct	F1

Steven Berkenfeld is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Pursuant to the Business Combination Agreement (as amended), dated December 2, 2021, by and among ArcLight Clean Transition Corp. II, a Cayman Islands exempted company (the "Company"), OPAL Fuels LLC, a Delaware limited liability company ("OPAL Fuels"), and OPAL HoldCo LLC, a Delaware limited liability company ("OPAL HoldCo"), the parties effected a business combination transaction ("Business Combination"), on July 21, 2022. In connection with the Business Combination, the Company domesticated as a Delaware corporation (the "Domestication") and changed its name to "OPAL Fuels Inc." ("New OPAL"). In connection with the consummation of the Business Combination and the Domestication, 35,000 of Steven Berkenfeld's Class B ordinary shares, par value $0.0001, of the Company, which were previously convertible into Class A ordinary shares, par value $0.0001, of the Company converted into shares of Class A common stock, par value $0.0001, of New OPAL in connection with the closing of the Business Combination.

Content

Pursuant to the Business Combination Agreement (as amended), dated December 2, 2021, by and among ArcLight Clean Transition Corp. II, a Cayman Islands exempted company (the "Company"), OPAL Fuels LLC, a Delaware limited liability company ("OPAL Fuels"), and OPAL HoldCo LLC, a Delaware limited liability company ("OPAL HoldCo"), the parties effected a business combination transaction ("Business Combination"), on July 21, 2022. In connection with the Business Combination, the Company domesticated as a Delaware corporation (the "Domestication") and changed its name to "OPAL Fuels Inc." ("New OPAL"). In connection with the consummation of the Business Combination and the Domestication, 35,000 of Steven Berkenfeld's Class B ordinary shares, par value $0.0001, of the Company, which were previously convertible into Class A ordinary shares, par value $0.0001, of the Company converted into shares of Class A common stock, par value $0.0001, of New OPAL in connection with the closing of the Business Combination.