ArcLight CTC Holdings II, L.P. - 30 Jan 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
Issuer symbol: OPAL
Transactions as of: 30 Jan 2023
Net transactions value: -$1,992,860
Form type: 4
Filing time: 01 Feb 2023, 17:30:51 UTC
Previous filing: 27 Jan 2023
Next filing: 06 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OPAL	Class A Common Stock	Sale	$85,400	-12,200	-0.14%	$7.00	8,895,982	30 Jan 2023	Direct	F1, F2
transaction	OPAL	Class A Common Stock	Disposed to Issuer	$0	-197,258	-2.2%	$0.000000	8,698,724	31 Jan 2023	Direct	F2, F3
transaction	OPAL	Class A Common Stock	Sale	$107,604	-14,700	-0.17%	$7.32	8,684,024	31 Jan 2023	Direct	F1, F2
transaction	OPAL	Class A Common Stock	Sale	$1,799,856	-258,600	-3%	$6.96	8,425,424	01 Feb 2023	Direct	F1, F2, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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.