Key facts
- This page summarizes OPAL HoldCO LLC's Form 4 filing for OPAL Fuels Inc. (OPAL).
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 14 Mar 2024, 19:31.
OPAL HoldCO LLC - 12 Mar 2024 Form 4 Insider Report for OPAL Fuels Inc. (OPAL)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- OPAL
- Reported as of
- 12 Mar 2024
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 14 Mar 2024, 19:31:41 UTC
- Prior SEC filing
- 25 Jul 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ John Coghlin as Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
OPAL HoldCO LLC filed Form 4 for OPAL Fuels Inc. (OPAL) on 14 Mar 2024.
Change
- Previous filing in this sequence was filed on 25 Jul 2022.
- 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 non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
OPAL
transaction
Class D common stock
Conversion of derivative security
- Transaction value
- Shares
- -71,500,000
- Change %
- -50%
- Price
- Shares after
- 70,877,450
- Date
- 12 Mar 2024
- Ownership
- Direct
- Footnotes
- F1
OPAL
transaction
Class B common stock
Conversion of derivative security
- Transaction value
- Shares
- +71,500,000
- Change %
- Price
- Shares after
- 71,500,000
- Date
- 12 Mar 2024
- Ownership
- Direct
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
OPAL
holding
Derivative
Class B Common Units of OPAL Fuels LLC
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 142,377,450
- Date
- 12 Mar 2024
- Ownership
- Direct
- Underlying class
- Class C common stock
- Underlying amount
- 142,377,450
- Exercise price
- Footnotes
- F2
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 2 footnotes
Footnote F1
Pursuant to the Certificate of Incorporation of OPAL Fuels Inc. (the "Company"), each share of Class D common stock of the Company is convertible into one share of Class B common stock of the Company at the option of the holder thereof at any time upon written notice to the Company. No conversion price is required to be paid in connection with such conversion. On March 12, 2024, OPAL HoldCo LLC delivered notice to the Company of its election to convert 71,500,000 shares of Class D common stock into a corresponding number of shares of Class B common stock.
Footnote F2
The Class B Common Units of OPAL Fuels LLC are redeemable at any time by the reporting person for, at the election of the Company, newly-issued Class C common stock on a one-for-one basis or a cash payment equal to the volume weighted average market price of one Class C common stock for each Class B Common Unit redeemed. Upon the redemption of any Class B Common Units, a number of Class D common stock equal to the number of Class B Common Units that are redeemed will be cancelled by the Issuer for no consideration.