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: Unger David C (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-03-31	Class A common stock	M	80704	—	Acquired	138026	Direct
2025-03-31	Class A common stock	F	29093	$1.84	Disposed	108933	Direct
2025-03-31	Class A common stock	M	23522	—	Acquired	132455	Direct
2025-03-31	Class A common stock	F	8479	$1.84	Disposed	123976	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-03-31	Restricted Stock Units	$	M	80704	Disposed		Class A common stock (35868)	Direct
2025-03-31	Restricted Stock Units	$	M	23522	Disposed		Class A common stock (67205)	Direct
2025-03-31	Restricted Stock Units	$	A	171300	Acquired		Class A common stock (171300)	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 242,110 restricted stock units ("RSUs") pursuant to the terms of the Issuer's 2022 Omnibus Equity Incentive Plan (the "Plan"). A total of 80,704 RSUs vested on March 31, 2024, a total of 80,703 RSUs vested on March 31, 2025, and a total of 80,703 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 70,565 RSUs pursuant to the Plan. A total of 23,522 RSUs vested on March 31, 2025, a total of 23,522 RSUs are scheduled to vest on March 31, 2026, and a total of 23,521 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 171,300 RSUs pursuant to the Plan. A total of 57,100 RSUs are scheduled to vest on March 31, 2026, a total of 57,100 RSUs are scheduled to vest on March 31, 2027, and a total of 57,100 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.