Anthony Falbo - Mar 31, 2024 Form 4 Insider Report for OPAL Fuels Inc. (OPAL)

Role
Chief Operating Officer
Signature
/s/ John Coghlin as Attorney-in-Fact
Stock symbol
OPAL
Transactions as of
Mar 31, 2024
Transactions value $
-$11,415
Form type
4
Date filed
4/2/2024, 07:22 AM
Previous filing
Oct 5, 2023
Next filing
May 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OPAL Class A common stock Options Exercise +5.5K +86% 11.9K Mar 31, 2024 Direct F1
transaction OPAL Class A common stock Tax liability -$11.4K -2.27K -19.12% $5.02 9.62K Mar 31, 2024 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 Award $0 +33.3K +201.62% $0.00 49.8K Mar 31, 2024 Class A common stock 33.3K Direct F3
transaction OPAL Restricted Stock Units Options Exercise $0 -5.5K -11.05% $0.00 44.3K Mar 31, 2024 Class A common stock 5.5K Direct F1
transaction OPAL Stock options (right to buy) Award $0 +19.4K $0.00 19.4K Mar 31, 2024 Class A common stock 19.4K $5.02 Direct F4
* 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 $5.02 per share, the closing price of Class A common stock on March 28, 2024.
F3 The Reporting Person was granted restricted stock units ("RSUs") pursuant to the terms under the 2022 Omnibus Equity Incentive Plan (the "Plan"), which represent a contingent right to receive one share of common stock for each RSU. 5,500 RSUs vested on March 31, 2024, 16,589 RSUs are scheduled to vest on March 31, 2025, 16,589 RSUs on March 31, 2026 and 11,089 RSUs on March 31, 2027.
F4 The Reporting Person was granted an option to purchase shares of the Issuer's Class A common stock (the "Option") pursuant to the terms under the Plan at an exercise price of $5.02 per share, which was the closing price per share of the Issuer's Class A common stock on March 28, 2024, as quoted on the Nasdaq Stock Market. The Option vests in three (3) equal installments on each of the following dates: (i) March 31, 2025, (ii) March 31, 2026, and (iii) March 31, 2027, provided, that the Reporting Person continues to provide services to the Issuer through the applicable vesting date.