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Filing Details

Accession Number:: 0001213900-23-048163
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-06-12 16:15:43
Reporting Period:: 2023-06-08

Accepted Time:: 2023-06-12 16:15:43
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1842279	Opal Fuels Inc.	OPAL	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1405456	R Daniel Revers	200 Clarendon St, 55Th Floor Boston MA 02116		No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Disposition	2023-06-08	7,274	$0.00	1,316,388	No	4	S	Direct
Class A Common Stock	Disposition	2023-06-08	4,402	$0.00	487,776	No	4	S	Indirect	See footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	S	Indirect	See footnotes

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	2,308,310	Indirect	See footnote

Footnotes

The reported 2,308,310 shares of Class A common stock, par value $0.0001 per share ("Class A common stock"), of the Issuer are held directly by ArcLight CTC Holdings II, L.P., a Delaware limited 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.
The reported price is a volume weighted average price ("VWAP"). The reported securities were sold in open market transactions at prices ranging from $6.23 to $6.31, inclusive. The reporting person undertakes to provide to the SEC, the Issuer or any stockholder of the Issuer, upon request, the relevant amount of shares sold to the market at each price within the ranges set forth in footnotes (2) and (4) of this Form 4.
The reported securities include 1,316,388 shares which were previously reported as indirectly held but were received in a distribution by the Sponsor on April 27, 2023.
The reported price is a VWAP. The reported securities were sold in open market transactions at prices ranging from $6.23 and $6.29, inclusive.
The reported securities were sold by Revers Special Ops Holdings, LLC, a Delaware limited liability company ("Special Ops Holdings"). After giving effect to such transaction, the reported securities consists of (i) 331,235 shares of Class A common stock held directly by ACHP B, L.P., a Delaware limited partnership ("ACHP B"), (ii) 69,572 shares of Class A common stock held directly by ACTC Holdings GP II, LLC, a Delaware limited liability company and general partner of the Sponsor ("ACTC GP"), and (iii) 86,969 shares of Class A common stock held directly by Special Ops Holdings.
(continued from footnote 5) Mr. Revers has voting and investment discretion with respect to the securities held by ACHP B, ACTC GP and Special Ops Holdings, and thus may be deemed to have beneficial ownership of such securities. Mr. Revers expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.