4//SEC Filing
MAYELL MICHAEL J 4
Accession 0001013762-23-006965
CIK 0001841425other
Filed
Oct 25, 8:00 PM ET
Accepted
Oct 26, 4:32 PM ET
Size
9.9 KB
Accession
0001013762-23-006965
Insider Transaction Report
Form 4
MAYELL MICHAEL J
DirectorPresident, CFO and Director10% Owner
Transactions
- Other
Private Placement Warrants
2023-06-21+189,777→ 189,777 total(indirect: See footnote)Exercise: $11.50→ Class A Common Stock (189,777 underlying) - Other
Private Placement Warrants
2023-06-21−2,475,000→ 0 total(indirect: See footnote)Exercise: $11.50→ Class A Common Stock (2,475,000 underlying)
Footnotes (4)
- [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").
- [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.
- [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.
- [F4]KM Devco, an entity controlled by the Reporting Person, is the record holder of the securities reported herein.
Documents
Issuer
Verde Clean Fuels, Inc.
CIK 0001841425
Entity typeother
Related Parties
1- filerCIK 0001273991
Filing Metadata
- Form type
- 4
- Filed
- Oct 25, 8:00 PM ET
- Accepted
- Oct 26, 4:32 PM ET
- Size
- 9.9 KB