OPAL Fuels Inc. — Director's Dealing 2025

Apr 3, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OPAL Fuels Inc. (OPAL)
CIK: 0001842279
Period of Report: 2025-03-31

Reporting Person: Comora Adam (Co-Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-03-31	Class A common stock	M	35868	—	Acquired	106643	Direct
2025-03-31	Class A common stock	F	12930	$1.84	Disposed	93713	Direct
2025-03-31	Class A common stock	M	67205	—	Acquired	160918	Direct
2025-03-31	Class A common stock	F	24227	$1.84	Disposed	136691	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-03-31	Restricted Stock Units	$	M	35868	Disposed		Class A common stock (35868)	Direct
2025-03-31	Restricted Stock Units	$	M	67205	Disposed		Class A common stock (67205)	Direct
2025-03-31	Restricted Stock Units	$	A	489429	Acquired		Class A common stock (489429)	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 $1.84 per share, the closing price of Class A common stock on March 31, 2025.

F3: On March 31, 2023, the Reporting Person was granted 107,605 restricted stock units ("RSUs") pursuant to the terms of the Issuer's 2022 Omnibus Equity Incentive Plan (the "Plan"). A total of 35,869 RSUs vested on March 31, 2024, a total of 35,868 RSUs vested on March 31, 2025, and a total of 35,868 RSUs are scheduled to vest on March 31, 2026, provided that the Reporting Person continues to provide services to the Issuer through the applicable vesting date. Each restricted stock unit represents the right to receive, at settlement, one share of Class A common stock.

F4: On March 31, 2024, the Reporting Person was granted 201,613 RSUs pursuant to the Plan. A total of 67,205 RSUs vested on March 31, 2025, a total of 67,204 RSUs are scheduled to vest on March 31, 2026, and a total of 67,204 RSUs are scheduled to vest on March 31, 2027, provided that the Reporting Person continues to provide services to the Issuer through the applicable vesting date. Each restricted stock unit represents the right to receive, at settlement, one share of Class A common stock.

F5: On March 31, 2025, the Reporting Person was granted 489,429 RSUs pursuant to the Plan. A total of 163,143 RSUs are scheduled to vest on March 31, 2026, a total of 163,143 RSUs are scheduled to vest on March 31, 2027, and a total of 163,143 RSUs are scheduled to vest on March 31, 2028, provided that the Reporting Person continues to provide services to the Issuer through the applicable vesting date. Each restricted stock unit represents the right to receive, at settlement, one share of Class A common stock.