ArcLight CTC Holdings II, L.P. - Apr 27, 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
Apr 27, 2023
Transactions value $
$0
Form type
4
Date filed
5/1/2023, 04:01 PM
Previous 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 Other -5.94M -72.02% 2.31M Apr 27, 2023 See footnotes F1, F2, F3
holding OPAL Class A Common Stock 1.84M Apr 27, 2023 See footnote F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

ArcLight CTC Holdings II, L.P. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On April 27, 2023, ArcLight CTC Holdings II, L.P., a Delaware limited partnership (the "Sponsor"), distributed the reported securities to its partners for no consideration (the "Distribution").
F2 The reported 2,308,310 shares of Class A common stock, par value $0.0001 per share ("Class A common stock"), of the Issuer are held directly by the Sponsor after giving effect to the Distribution. 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 This is an exit filing solely with respect to the Sponsor.
F4 Consists of (i) 1,339,662 shares of Class A common stock received by Daniel Revers in the Distribution, (ii) 331,235 shares of Class A common stock received by ACHP B, L.P., a Delaware limited partnership ("ACHP B"), in the Distribution, (iii) 69,572 shares of Class A common stock received by ACTC Holdings GP II, LLC, a Delaware limited liability company and general partner of the Sponsor ("ACTC GP"), in the Distribution and (iv) 99,371 shares of Class A common stock received by Revers Special Ops Holdings, LLC, a Delaware limited liability company ("Special Ops Holdings"), in the Distribution, which, in each case, constituted a non-reportable change in form pursuant to Rule 16a-13.
F5 (continued from footnote 4) Mr. Revers has voting and investment discretion with respect to the securities held by ACHP B, ACTC GP and Special Ops Holdings, and thus may be deemed to have beneficial ownership of such securities. Mr. Revers expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.