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

Role: Executive Vice President
Signature: /s/ John Coghlin as Attorney-in-Fact
Stock symbol: OPAL
Transactions as of: Mar 31, 2024
Transactions value $: -$6,225
Form type: 4
Date filed: 4/2/2024, 07:12 AM
Previous filing: Oct 5, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OPAL	Class A common stock	Options Exercise		+4.19K	+55.32%		11.8K	Mar 31, 2024	Direct	F1
transaction	OPAL	Class A common stock	Tax liability	-$6.22K	-1.24K	-10.55%	$5.02	10.5K	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	+264.99%	$0.00	45.8K	Mar 31, 2024	Class A common stock	33.3K		Direct	F3
transaction	OPAL	Restricted Stock Units	Options Exercise	$0	-4.19K	-9.13%	$0.00	41.6K	Mar 31, 2024	Class A common stock	4.19K		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 Issuer's 2022 Omnibus Equity Incentive Plan (the "Plan"), which represent a contingent right to receive one share of common stock for each RSU. 4,185 RSUs vested on March 31, 2024, 15,274 RSUs are scheduled to vest on March 31, 2025, 15,274 RSUs on March 31, 2026 and 11,088 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.