ArcLight CTC Holdings II, L.P. - Jan 30, 2023 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
Jan 30, 2023
Transactions value $
-$1,992,860
Form type
4
Date filed
2/1/2023, 05:30 PM
Previous filing
Jan 27, 2023
Next filing
Feb 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OPAL Class A Common Stock Sale -$85.4K -12.2K -0.14% $7.00 8.9M Jan 30, 2023 Direct F1, F2
transaction OPAL Class A Common Stock Disposed to Issuer $0 -197K -2.22% $0.00 8.7M Jan 31, 2023 Direct F2, F3
transaction OPAL Class A Common Stock Sale -$108K -14.7K -0.17% $7.32 8.68M Jan 31, 2023 Direct F1, F2
transaction OPAL Class A Common Stock Sale -$1.8M -259K -2.98% $6.96 8.43M Feb 1, 2023 Direct F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
F2 8,908,182 shares of Class A common stock, par value $0.0001 per share ("Class A common stock"), of the Issuer 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.
F3 Pursuant to, and in satisfaction of, such agreements with respect to the forfeiture of shares set forth in the letter agreement, as modified by that certain side letter agreement by and between the Reporting Person and the Issuer, dated January 23, 2023, the Reporting Person forfeited 197,258 Class A Shares (which amount included 47,258 Sponsor Earn-Out Shares).
F4 The reported price is a volume weighted average price ("VWAP"). 250,000 shares were sold pursuant to a block trade for $7.00 per share and 8,600 shares were sold in open market transactions for a VWAP of $7.15 per share, net of commissions and other execution-related costs. The reporting person undertakes to provide the relevant amount of shares sold to the market at each price to the SEC, the Issuer or any stockholder of the Issuer upon request.