OPAL Fuels Inc. — Director's Dealing 2023

Feb 7, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OPAL Fuels Inc. (OPAL)
CIK: 0001842279
Period of Report: 2023-02-02

Reporting Person: ArcLight CTC Holdings II, L.P. (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-02	Class A Common Stock	S	160100	$6.97	Disposed	8265324	Direct
2023-02-03	Class A Common Stock	S	9000	$7.06	Disposed	8256324	Direct
2023-02-06	Class A Common Stock	S	5000	$7.01	Disposed	8251324	Direct

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.

F2: 8,251,324 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, 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.

F3: The reported price is a volume weighted average price ("VWAP"). 156,700 shares were sold pursuant to a block trade for $6.96 per share and 3,400 shares were sold in open market transactions for a VWAP of $7.12 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.