Unger David C 4

What Happened

• David C. Unger, Executive Vice President of OPAL Fuels (OPAL), had restricted stock units (RSUs and PRSUs) vest and convert to 167,136 shares on March 31, 2026. The company withheld 60,251 of those shares to satisfy tax and payment obligations (sell‑to‑cover) at $2.52 per share (total withholding ≈ $151,832), leaving a net issuance of about 106,885 shares to Mr. Unger.
• On the same date he was also granted 101,433 new RSUs (vests in three equal annual installments starting 3/31/2027) and received an award of 56,660 derivative units (recorded as a grant/option with an exercise price of $2.52 per share, vesting in three equal installments on 3/31/2027–3/31/2029 per the filing).

Key Details

• Transaction date: March 31, 2026; Form 4 filed April 2, 2026 (timely within the two‑business‑day window).
• RSUs/PRSUs settled (converted to shares): 167,136 total (80,703 + 23,522 + 57,100 + 5,811).
• Shares withheld for taxes/payment (F): 60,251 shares at $2.52 = $151,832 total.
• Net shares delivered to insider: ~106,885 (167,136 settled − 60,251 withheld).
• New awards: 101,433 RSUs (vesting 2027–2029) and 56,660 derivative/option units (exercise price $2.52; vests 2027–2029).
• Notable footnotes: F1/F2 describe RSU settlement and company withholding to satisfy tax obligations; F3–F6 explain the original grant schedules that produced the vested installments; F7/F9 describe the new RSU and option grants and their vesting/exercise terms.
• Shares owned after the transaction: not specified in the provided excerpt of the filing.

Context

• These transactions are primarily vesting and settlement of equity awards, not open‑market buys or discretionary sales by the insider. The M code indicates conversion/exercise of derivatives (here, RSU/PRSU settlements); the F code indicates shares withheld to pay taxes or exercise price (a routine "sell‑to‑cover"/withholding action).
• The new RSU and option grants are standard compensation awards with multi‑year vesting; the option exercise price equals the VWAP for the five trading days before 3/31/2026 ($2.52).
• No evidence in the filing of trading under a 10b5‑1 plan or of opportunistic open‑market selling beyond the withholding.