John Coghlin - 31 Mar 2025 Form 4 Insider Report for OPAL Fuels Inc. (OPAL)

Role: General Counsel
Signature: /s/ John Coghlin
Issuer symbol: OPAL
Transactions as of: 31 Mar 2025
Net transactions value: -$37,409
Form type: 4
Filing time: 02 Apr 2025, 20:27:42 UTC
Previous filing: 02 Apr 2024
Next filing: 10 Apr 2025
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	Options Exercise		+16,739	+46%		53,149	31 Mar 2025	Direct	F1
transaction	OPAL	Class A common stock	Tax liability	$11,103	-6,034	-11%	$1.84	47,115	31 Mar 2025	Direct	F2
transaction	OPAL	Class A common stock	Options Exercise		+16,141	+34%		63,256	31 Mar 2025	Direct	F1
transaction	OPAL	Class A common stock	Tax liability	$10,705	-5,818	-9.2%	$1.84	57,438	31 Mar 2025	Direct	F2
transaction	OPAL	Class A common stock	Options Exercise		+23,521	+41%		80,959	31 Mar 2025	Direct	F1
transaction	OPAL	Class A common stock	Tax liability	$15,601	-8,479	-10%	$1.84	72,480	31 Mar 2025	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	-16,739	-50%	$0.000000	16,738	31 Mar 2025	Class A common stock	16,739		Direct	F1, F3
transaction	OPAL	Restricted Stock Units	Options Exercise	$0	-16,141	-100%	$0.000000	0	31 Mar 2025	Class A common stock	16,141		Direct	F1, F4
transaction	OPAL	Restricted Stock Units	Options Exercise	$0	-23,521	-10%	$0.000000	208,335	31 Mar 2025	Class A common stock	23,521		Direct	F1, F5
transaction	OPAL	Restricted Stock Units	Award	$0	+195,772		$0.000000	195,772	31 Mar 2025	Class A common stock	195,772		Direct	F6

* 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 the 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 stock units. The total value of securities withheld was based on a price of $1.84 per share, the closing price of Class A common stock on March 31, 2025.
F3	On March 31, 2023, the Reporting Person was granted 50,216 restricted stock units ("RSUs") pursuant to the terms of the Issuer's 2022 Omnibus Equity Incentive Plan (the "Plan"). A total of 16,739 RSUs vested on March 31, 2024, a total of 16,739 RSUs vested on March 31, 2025, and a total of 16,738 RSUs are scheduled to vest on March 31, 2026, provided that the Reporting Person continues to provide services to the Issuer through the applicable vesting date.
F4	On March 31, 2023, the Reporting Person was granted 32,282 RSUs pursuant to the terms of the Plan. A total of 16,141 RSUs vested on March 31, 2024 and a total of 16,141 RSUs vested on March 31, 2025.
F5	On March 31, 2024, the Reporting Person was granted 231,856 RSUs pursuant to the Plan. A total of 23,521 RSUs vested on March 31, 2025, a total of 23,522 RSUs are scheduled to vest on March 31, 2026, and a total of 184,813 RSUs are scheduled to vest on March 31, 2027, provided that the Reporting Person continues to provide services to the Issuer through the applicable vesting date.
F6	On March 31, 2025, the Reporting Person was granted 195,772 RSUs pursuant to the Plan. A total of 65,258 RSUs are scheduled to vest on March 31, 2026, a total of 65,257 RSUs are scheduled to vest on March 31, 2027, and a total of 65,257 RSUs are scheduled to vest on March 31, 2028, provided that the Reporting Person continues to provide services to the Issuer through the applicable vesting date. Each restricted stock unit represents the right to receive, at settlement, one share of Class A common stock.