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: Edelbach Scott (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-03-31	Class A common stock	M	4185	—	Acquired	14695	Direct
2025-03-31	Class A common stock	F	1019	$1.84	Disposed	13676	Direct
2025-03-31	Class A common stock	M	11089	—	Acquired	24765	Direct
2025-03-31	Class A common stock	F	2700	$1.84	Disposed	22065	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-03-31	Restricted Stock Units	$	M	4185	Disposed		Class A common stock (4185)	Direct
2025-03-31	Restricted Stock Units	$	M	11089	Disposed		Class A common stock (11089)	Direct
2025-03-31	Restricted Stock Units	$	A	85650	Acquired		Class A common stock (85650)	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 12,554 restricted stock units ("RSUs") pursuant to the terms of the Issuer's 2022 Omnibus Equity Incentive Plan (the "Plan"). A total of 4,185 RSUs vested on March 31, 2024, a total of 4,185 RSUs vested on March 31, 2025, and a total of 4,184 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 33,267 RSUs pursuant to the Plan. A total of 11,089 RSUs vested on March 31, 2025, a total of 11,089 RSUs are scheduled to vest on March 31, 2026, and a total of 11,089 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 85,650 RSUs pursuant to the Plan. A total of 28,550 RSUs are scheduled to vest on March 31, 2026, a total of 28,550 RSUs are scheduled to vest on March 31, 2027, and a total of 28,550 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.