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: Coghlin John (General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-03-31	Class A common stock	M	16739	—	Acquired	53149	Direct
2025-03-31	Class A common stock	F	6034	$1.84	Disposed	47115	Direct
2025-03-31	Class A common stock	M	16141	—	Acquired	63256	Direct
2025-03-31	Class A common stock	F	5818	$1.84	Disposed	57438	Direct
2025-03-31	Class A common stock	M	23521	—	Acquired	80959	Direct
2025-03-31	Class A common stock	F	8479	$1.84	Disposed	72480	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-03-31	Restricted Stock Units	$	M	16739	Disposed		Class A common stock (16739)	Direct
2025-03-31	Restricted Stock Units	$	M	16141	Disposed		Class A common stock (16141)	Direct
2025-03-31	Restricted Stock Units	$	M	23521	Disposed		Class A common stock (23521)	Direct
2025-03-31	Restricted Stock Units	$	A	195772	Acquired		Class A common stock (195772)	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 50,216 restricted stock units ("RSUs") pursuant to the terms of the Issuer's 2022 Omnibus Equity Incentive Plan (the "Plan"). A total of 16,739 RSUs vested on March 31, 2024, a total of 16,739 RSUs vested on March 31, 2025, and a total of 16,738 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.

F4: On March 31, 2023, the Reporting Person was granted 32,282 RSUs pursuant to the terms of the Plan. A total of 16,141 RSUs vested on March 31, 2024 and a total of 16,141 RSUs vested on March 31, 2025.

F5: On March 31, 2024, the Reporting Person was granted 231,856 RSUs pursuant to the Plan. A total of 23,521 RSUs vested on March 31, 2025, a total of 23,522 RSUs are scheduled to vest on March 31, 2026, and a total of 184,813 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.

F6: On March 31, 2025, the Reporting Person was granted 195,772 RSUs pursuant to the Plan. A total of 65,258 RSUs are scheduled to vest on March 31, 2026, a total of 65,257 RSUs are scheduled to vest on March 31, 2027, and a total of 65,257 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.