Ann T. Anthony - Oct 3, 2023 Form 4 Insider Report for OPAL Fuels Inc. (OPAL)

Role: Chief Financial Officer
Signature: /s/ John Coghlin as Attorney-in-Fact
Stock symbol: OPAL
Transactions as of: Oct 3, 2023
Transactions value $: -$71,195
Form type: 4
Date filed: 10/5/2023, 04:13 PM
Previous filing: May 19, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OPAL	Class A common stock	Options Exercise		+25K	+365.34%		31.8K	Oct 3, 2023	Direct	F1
transaction	OPAL	Class A common stock	Tax liability	-$71.2K	-9.01K	-28.3%	$7.90	22.8K	Oct 3, 2023	Direct	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	Restricted Stock Units	Options Exercise	$0	-25K	-23.26%	$0.00	82.5K	Oct 3, 2023	Class A common stock	25K		Direct	F1, F3

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive, at settlement, one share of Class A common stock. This transaction represents the settlement of restricted stock units in shares of Class A common stock on their scheduled vesting date.
F2	Represents the shares held by the Company to satisfy tax withholding requirements on vesting of restricted units. The total value of securities withheld was based on a price of $7.90 per share, the closing price of the Class A common stock on October 3, 2023.
F3	25,000 restricted stock units were awarded on October 4, 2022. This award vested in full on October 3, 2023. 82,498 restricted stock units were awarded on March 31, 2023 of which 32,880 restricted stock units are scheduled to vest on each March 31, 2024 and March 31, 2025 and 16,738 restricted stock units are scheduled to vest on March 31, 2026, provided that the Reporting Person remains in continuous service on the vesting date.