OPAL Fuels Inc. — Director's Dealing 2024

Apr 2, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OPAL Fuels Inc. (OPAL)
CIK: 0001842279
Period of Report: 2024-03-31

Reporting Person: Unger David C (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-03-31	Class A common stock	M	80704	—	Acquired	87099	Direct
2024-03-31	Class A common stock	F	29777	$5.02	Disposed	57322	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-03-31	Restricted Stock Units	$	A	70565	Acquired		Class A common stock (70565)	Direct
2024-03-31	Restricted Stock Units	$	M	80704	Disposed		Class A common stock (80704)	Direct
2024-03-31	Stock options (right to buy)	$5.02	A	41177	Acquired	2034-03-31	Class A common stock (41177)	Direct

Footnotes

F1: Each restricted stock unit represents the right to receive, at settlement, one share of Class A common stock. This transaction represents the settlement of restricted stock units in shares of Class A common stock on their scheduled vesting date.

F2: Represents the shares held by the Company to satisfy tax withholding requirements on vesting of restricted stock units. The total value of securities withheld was based on a price of $5.02 per share, the closing price of Class A common stock on March 28, 2024.

F3: The Reporting Person was granted restricted stock units ("RSUs") pursuant to the terms under the Issuer's 2022 Omnibus Equity Incentive Plan (the "Plan"), which represent a contingent right to receive one share of common stock for each RSU. 80,704 RSUs vested on March 31, 2024, 104,225 RSUs are scheduled to vest on March 31, 2025, 104,225 RSUs on March 31, 2026 and 23,521 RSUs on March 31, 2027.

F4: The Reporting Person was granted an option to purchase shares of the Issuer's Class A common stock (the "Option") pursuant to the terms under the Plan at an exercise price of $5.02 per share, which was the closing price per share of the Issuer's Class A common stock on March 28, 2024, as quoted on the Nasdaq Stock Market. The Option vests in three (3) equal installments on each of the following dates: (i) March 31, 2025, (ii) March 31, 2026, and (iii) March 31, 2027, provided, that the Reporting Person continues to provide services to the Issuer through the applicable vesting date.