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 Award +35K 35K 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 -35K -100% 0 Jul 21, 2022 Class A Common Stock 35K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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.