ArcLight CTC Holdings II, L.P.'s Form 4 filing
OPAL Fuels Inc. (OPAL) · filed Feb 1, 2023
- Accession no.
- 0001213900-23-006798
- Filed
- Feb 1, 2023
- Trade date
- Jan 30-Feb 1, 2023
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 4 non-derivative transactions. Open-market sales total $1.99M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| ArcLight CTC Holdings II, L.P.CIK 0001842317 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jan 30, 2023 | Class A Common Stock | SSaleDisposed | −12,200 | $7.00 | −$85,400 | 8,895,982 | Direct | |
| Jan 31, 2023 | Class A Common Stock | DReturned to the companyDisposed | −197,258 | $0.00F3 | $0 | 8,698,724 | Direct | |
| Jan 31, 2023 | Class A Common Stock | SSaleDisposed | −14,700 | $7.32 | −$107,604 | 8,684,024 | Direct | |
| Feb 1, 2023 | Class A Common Stock | SSaleDisposed | −258,600 | $6.96F4 | −$1,799,856 | 8,425,424 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F3
Pursuant to, and in satisfaction of, such agreements with respect to the forfeiture of shares set forth in the letter agreement, as modified by that certain side letter agreement by and between the Reporting Person and the Issuer, dated January 23, 2023, the Reporting Person forfeited 197,258 Class A Shares (which amount included 47,258 Sponsor Earn-Out Shares).
Referenced by the price of 1 transaction in Table I.
- F4
The reported price is a volume weighted average price ("VWAP"). 250,000 shares were sold pursuant to a block trade for $7.00 per share and 8,600 shares were sold in open market transactions for a VWAP of $7.15 per share, net of commissions and other execution-related costs. The reporting person undertakes to provide the relevant amount of shares sold to the market at each price to the SEC, the Issuer or any stockholder of the Issuer upon request.
Referenced by the price of 1 transaction in Table I.