ArcLight CTC Holdings II, L.P. - Dec 22, 2022 Form 4 Insider Report for OPAL Fuels Inc. (OPAL)

Role
10%+ Owner
Signature
ARCLIGHT CTC HOLDINGS II, L.P. By: ACTC HOLDINGS GP II, LLC, its General Partner By: ARCLIGHT CAPITAL HOLDINGS, LLC, its Manager By: ACHP II, L.P., its Managing Member By: ACH GP, LLC, its General Partner By: /s/ Daniel R. Revers Title: Manager
Stock symbol
OPAL
Transactions as of
Dec 22, 2022
Transactions value $
$0
Form type
4
Date filed
12/23/2022, 03:03 PM
Previous filing
Dec 19, 2022
Next filing
Jan 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OPAL Class A Common Stock Award +1.81M +23.69% 9.45M Dec 22, 2022 Direct F1, F2

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 Warrants Disposed to Issuer -7.24M -100% 0 Dec 22, 2022 Class A Common Stock 7.24M Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 22, 2022, pursuant to the Company's previously announced exchange offer, the Sponsor exchanged 7,238,025 warrants, which previously entitled Sponsor to purchase one share of Class A common stock, par value $0.0001 per share, of the Issuer ("Class A Common Stock") at a price of $11.50 per whole share at any time commencing on the later of one year from the closing of the Issuer's initial public offering or 30 days after the completion of an initial business combination of the Company, for 1,809,506 shares of Class A Common Stock.
F2 9,448,582 shares of Class A Common Stock are held directly by ArcLight CTC Holdings, L.P. a Delaware limited liability partnership (the "Sponsor"). Daniel R. Revers has voting and investment discretion with respect to the securities held by the Sponsor, and thus may be deemed to have beneficial ownership of such securities. Mr. Revers expressly disclaims any such beneficial ownership of such securities, except to the extent of his individual pecuniary interest therein.