4//SEC Filing
OPAL HoldCO LLC 4
Accession 0001938310-24-000002
CIK 0001842279other
Filed
Mar 13, 8:00 PM ET
Accepted
Mar 14, 7:31 PM ET
Size
8.6 KB
Accession
0001938310-24-000002
Insider Transaction Report
Form 4
OPAL Fuels Inc.OPAL
OPAL HoldCO LLC
10% Owner
Transactions
- Conversion
Class D common stock
2024-03-12−71,500,000→ 70,877,450 total - Conversion
Class B common stock
2024-03-12+71,500,000→ 71,500,000 total
Holdings
- 142,377,450
Class B Common Units of OPAL Fuels LLC
→ Class C common stock (142,377,450 underlying)
Footnotes (2)
- [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. 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.
- [F2]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
IncorporatedDE
Related Parties
1- filerCIK 0001938310
Filing Metadata
- Form type
- 4
- Filed
- Mar 13, 8:00 PM ET
- Accepted
- Mar 14, 7:31 PM ET
- Size
- 8.6 KB