4//SEC Filing
OPAL HoldCO LLC 4
Accession 0001213900-22-041366
CIK 0001842279other
Filed
Jul 24, 8:00 PM ET
Accepted
Jul 25, 5:07 PM ET
Size
9.4 KB
Accession
0001213900-22-041366
Insider Transaction Report
Form 4
OPAL Fuels Inc.OPAL
OPAL HoldCO LLC
10% Owner
Transactions
- Award
Class D Common Stock
2022-07-21+142,377,450→ 142,377,450 total - Award
Class B Common Units of OPAL Fuels LLC
2022-07-21+142,377,450→ 142,377,450 total→ Class C Common Stock (142,377,450 underlying)
Footnotes (4)
- [F1]The reported amount of shares of Class D Common Stock were received as consideration in connection with the Business Combination Agreement, as defined in the Issuer's prospectus filed with the Securities and Exchange Commission on June 27, 2022 (the "Business Combination Agreement"), with the number of such shares of Class D common stock equal to the number of Class B Common Units of OPAL Fuels LLC received by the reporting person as consideration for common units of OPAL Fuels LLC in connection with the Business Combination Agreement. Shares of Class D Common Stock have no economic value but entitle the holder thereof to five votes per share for each share of Class D Common Stock held of record by such holder on all matters on which stockholders generally are entitled to vote. The Issuer is the managing member of OPAL Fuels LLC, a Delaware limited liability company, which directly or indirectly holds substantially all of the consolidated assets and business of the Issuer.
- [F2]The reported amount of shares of Class D Common Stock excludes an aggregate of 9,657,625 shares of Class D Common Stock potentially issuable to the reporting entity in connection with the First Earnout Tranche and Second Earnout Tranche as described in the Issuer's prospectus filed with the Securities and Exchange Commission on June 27, 2022 (File No. 333-262583). The reporting entity is controlled, through Fortistar LLC and certain of its subsidiaries and affiliates, by Mr. Mark Comora, a director of the Issuer.
- [F3]The Class B Common Units of OPAL Fuels LLC are redeemable at any time by the Reporting Person for, at the election of the Issuer, 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.
- [F4]Represents Class B Common Units received as consideration for common units of OPAL Fuels LLC in connection with the Business Combination Agreement.
Documents
Issuer
OPAL Fuels Inc.
CIK 0001842279
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001938310
Filing Metadata
- Form type
- 4
- Filed
- Jul 24, 8:00 PM ET
- Accepted
- Jul 25, 5:07 PM ET
- Size
- 9.4 KB