ArcLight CTC Holdings II, L.P. 4
4 · OPAL Fuels Inc. · Filed Dec 23, 2022
Insider Transaction Report
Form 4
OPAL Fuels Inc.OPAL
ArcLight CTC Holdings II, L.P.
10% Owner
Transactions
- Award
Class A Common Stock
2022-12-22+1,809,506→ 9,448,582 total - Disposition to Issuer
Warrants
2022-12-22−7,238,025→ 0 total→ Class A Common Stock (7,238,025 underlying)
Footnotes (2)
- [F1]On December 22, 2022, pursuant to the Company's previously announced exchange offer, the Sponsor exchanged 7,238,025 warrants, which previously entitled Sponsor to purchase one share of Class A common stock, par value $0.0001 per share, of the Issuer ("Class A Common Stock") at a price of $11.50 per whole share at any time commencing on the later of one year from the closing of the Issuer's initial public offering or 30 days after the completion of an initial business combination of the Company, for 1,809,506 shares of Class A Common Stock.
- [F2]9,448,582 shares of Class A Common Stock are held directly by ArcLight CTC Holdings, L.P. a Delaware limited liability partnership (the "Sponsor"). Daniel R. Revers has voting and investment discretion with respect to the securities held by the Sponsor, and thus may be deemed to have beneficial ownership of such securities. Mr. Revers expressly disclaims any such beneficial ownership of such securities, except to the extent of his individual pecuniary interest therein.