4//SEC Filing
Comora Mark S 4
Accession 0001827111-24-000004
CIK 0001842279other
Filed
Mar 13, 8:00 PM ET
Accepted
Mar 14, 7:30 PM ET
Size
12.9 KB
Accession
0001827111-24-000004
Insider Transaction Report
Form 4
OPAL Fuels Inc.OPAL
Comora Mark S
Director10% Owner
Transactions
- Conversion
Class B common stock
2024-03-12+71,500,000→ 71,500,000 total(indirect: By LLC) - Conversion
Class D common stock
2024-03-12−71,500,000→ 70,877,450 total(indirect: By LLC)
Holdings
- 10,125
Class A common stock
- 2,021,587(indirect: By LLC)
Class B Common Units of OPAL Fuels LLC
→ Class C common stock (2,021,587 underlying) - 2,021,587(indirect: By LLC)
Class D common stock
- 142,377,450(indirect: By LLC)
Class B Common Units of OPAL Fuels LLC
→ Class C common stock (142,377,450 underlying) - 880,600(indirect: By LLC)
Class A common stock
Footnotes (3)
- [F1]Pursuant to the Certificate of Incorporation of OPAL Fuels Inc. (the "Company"), each share of Class D common stock of the Company is convertible into one share of Class B common stock of the Company at the option of the holder thereof at any time upon written notice to the Company. No conversion price is required to be paid in connection with such conversion.
- [F2]On March 12, 2024, OPAL HoldCo LLC delivered notice to the Company of its election to convert 71,500,000 shares of Class D common stock into a corresponding number of shares of Class B common stock. The reporting person is the Chairman of the Board of Directors of the Company and the President of Fortistar Renewables LLC, which is the Manager of OPAL HoldCo LLC. The reporting person is also the President of OPAL HoldCo LLC. Through Fortistar LLC and various other subsidiaries of Fortistar LLC, the reporting person controls OPAL Holdco LLC. The reporting person disclaims beneficial ownership of all securities reported in this Form 4 except to the extent of his pecuniary interest therein, other than those securities reported herein as being held directly by such reporting person.
- [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 Company, 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.
Documents
Issuer
OPAL Fuels Inc.
CIK 0001842279
Entity typeother
Related Parties
1- filerCIK 0001827111
Filing Metadata
- Form type
- 4
- Filed
- Mar 13, 8:00 PM ET
- Accepted
- Mar 14, 7:30 PM ET
- Size
- 12.9 KB