Michael J. Mayell - 15 Feb 2023 Form 4/A Insider Report for Verde Clean Fuels, Inc. (VGAS)

Source evidence Original filing metadata and source links for verification. 6 source fields
SEC form
4/A
Accepted by SEC
10 Apr 2024, 20:43:56 UTC
Original report date
15 Feb 2023
Prior SEC filing
26 Oct 2022
Next SEC filing
26 Oct 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Michael J. Mayell

Key filing fact

Michael J. Mayell filed Form 4/A for Verde Clean Fuels, Inc. (VGAS) on 10 Apr 2024.

Key facts

  • This page summarizes Michael J. Mayell's Form 4/A filing for Verde Clean Fuels, Inc. (VGAS).
  • 1 reported transaction and 1 derivative row are listed below.
  • Accepted by SEC: 10 Apr 2024, 20:43.

Change

  • Previous filing in this sequence was filed on 26 Oct 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

Ownership activity is grounded in SEC Form 4/A disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

VGAS transaction Derivative

Put Option (obligation to buy)

Sale

Transaction value
Shares
+1
Change %
Price
Shares after
1
Date
15 Feb 2023
Ownership
See footnote
Underlying class
Class A Common Stock
Underlying amount
40,961
Exercise price
$10.00
Footnotes
F1, F2
* 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 2 footnotes

Footnote F1

On February 15, 2023, the Issuer issued a non-interest bearing promissory note to CENAQ Sponsor LLC (the "Sponsor") in the principal amount of $409,612 (the "Note"). The Note may be prepaid at any time and was due and payable on or before February 15, 2024 at the Issuer's election in cash or shares of Class A common stock, par value $0.0001 per share, at a conversion price of $10.00 per share.

Footnote F2

The Sponsor is the record holder of the securities reported herein. J. Russell Porter is the sole member, and at the time of the issuance of the Note, 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 had or may have shared 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 was the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

SEC remarks

This Form 4 is being amended solely to reflect the issuance of the Note. As of the date of filing this amendment, the Reporting Person is no longer subject to Section 16 of the Securities Exchange Act of 1934, as amended.

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