Scott Edelbach - Oct 3, 2023 Form 4 Insider Report for OPAL Fuels Inc. (OPAL)

Signature
/s/ John Coghlin as Attorney-in-Fact
Stock symbol
OPAL
Transactions as of
Oct 3, 2023
Transactions value $
-$19,237
Form type
4
Date filed
10/5/2023, 04:03 PM
Previous filing
Apr 4, 2023
Next filing
Apr 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OPAL Class A common stock Options Exercise +10K 10K Oct 3, 2023 Direct F1
transaction OPAL Class A common stock Tax liability -$19.2K -2.44K -24.35% $7.90 7.57K 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 -10K -44.34% $0.00 12.6K Oct 3, 2023 Class A common stock 10K 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 stock units. The total value of securities withheld was based on a price of $7.90 per share, the closing price of Class A common stock on October 3, 2023.
F3 10,000 restricted stock units were awarded on October 4, 2022. This award vested in full on October 3, 2023. 12,554 restricted stock units are scheduled to vest in three equal tranches on March 31, 2024, March 31, 2025 and March 31, 2026, provided that the Reporting Person remains in continuous service on the vesting date.