ArcLight CTC Holdings II, L.P. - Dec 22, 2022 Form 4 Insider Report for OPAL Fuels Inc. (OPAL)

Role: 10%+ Owner
Signature: ARCLIGHT CTC HOLDINGS II, L.P. By: ACTC HOLDINGS GP II, LLC, its General Partner By: ARCLIGHT CAPITAL HOLDINGS, LLC, its Manager By: ACHP II, L.P., its Managing Member By: ACH GP, LLC, its General Partner By: /s/ Daniel R. Revers Title: Manager
Stock symbol: OPAL
Transactions as of: Dec 22, 2022
Transactions value $: $0
Form type: 4
Date filed: 12/23/2022, 03:03 PM
Previous filing: Dec 19, 2022
Next filing: Jan 18, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OPAL	Class A Common Stock	Award		+1.81M	+23.69%		9.45M	Dec 22, 2022	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	OPAL	Warrants	Disposed to Issuer		-7.24M	-100%		0	Dec 22, 2022	Class A Common Stock	7.24M		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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.

Content

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.

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.