Key facts
- This page summarizes Michael J. Mayell's Form 4 filing for Verde Clean Fuels, Inc. (VGAS).
- 2 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 26 Oct 2023, 16:32.
Michael J. Mayell - 21 Jun 2023 Form 4 Insider Report for Verde Clean Fuels, Inc. (VGAS)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- VGAS
- Reported as of
- 21 Jun 2023
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 26 Oct 2023, 16:32:37 UTC
- Prior SEC filing
- 15 Feb 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Michael J. Mayell
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Michael J. Mayell filed Form 4 for Verde Clean Fuels, Inc. (VGAS) on 26 Oct 2023.
Change
- Previous filing in this sequence was filed on 15 Feb 2023.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
VGAS
transaction
Derivative
Private Placement Warrants
Other
- Transaction value
- Shares
- -2,475,000
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 21 Jun 2023
- Ownership
- See footnote
- Underlying class
- Class A Common Stock
- Underlying amount
- 2,475,000
- Exercise price
- $11.50
- Footnotes
- F1, F2, F3
VGAS
transaction
Derivative
Private Placement Warrants
Other
- Transaction value
- Shares
- +189,777
- Change %
- Price
- Shares after
- 189,777
- Date
- 21 Jun 2023
- Ownership
- See footnote
- Underlying class
- Class A Common Stock
- Underlying amount
- 189,777
- Exercise price
- $11.50
- Footnotes
- F1, F2, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Michael J. Mayell is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 4 footnotes
Footnote F1
On June 21, 2023, CENAQ Sponsor LLC (the "Sponsor") effectuated a pro rata distribution of 2,475,000 private placement warrants to its members (the "Distribution"), of which 189,777 were transferred to KM Devco LLC ("KM Devco").
Footnote F2
The warrants became exercisable on March 17, 2023, 30 days after the completion of the business combination between the Issuer, Verde Clean Fuels OpCo, LLC, Bluescape Clean Fuels Holdings, LLC, Bluescape Clean Fuels Intermediate Holdings, LLC and the Sponsor on February 15, 2023 (the "Business Combination"). The warrants will expire five years after the completion of the Business Combination or earlier upon redemption or liquidation, as described in the prospectus for the Issuer's initial public offering.
Footnote F3
The Sponsor is the record holder of the shares reported herein. J. Russell Porter is the sole member, and at the time of the Distribution, John B. Connally III and Michael J. Mayell were members, of the board of managers of the Sponsor. Each of Messrs. Connally, Porter and Mayell may be deemed to have or share beneficial ownership of the securities held directly by the Sponsor. Each such person disclaims any such beneficial ownership of such securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
Footnote F4
KM Devco, an entity controlled by the Reporting Person, is the record holder of the securities reported herein.
SEC remarks
On February 15, 2023, the Reporting Person filed a Form 4 and inadvertently checked the box indicating that the Reporting Person is no longer subject to Section 16 of the Securities Exchange Act of 1934, as amended. As a result of the Reporting Person's resignation from the board of managers of the Sponsor on August 18, 2023, the Reporting Person is no longer subject to Section 16 of Exchange Act.