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Verde Clean Fuels, Inc. Director's Dealing 2024

Apr 10, 2024

33999_dirs_2024-04-10_a20347e0-7bc1-4a3f-8245-3368bac775e9.zip

Director's Dealing

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SEC Form 4/A — Form 4/A

Issuer: Verde Clean Fuels, Inc. (VGAS)
CIK: 0001841425
Period of Report: 2023-02-15

Reporting Person: CONNALLY JOHN B III (10% Owner, Former Director)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2023-02-15 Put Option (obligation to buy) $10 S 1 Acquired 2024-02-15 Class A Common Stock (40961) Indirect

Footnotes

F1: On February 15, 2023, the Issuer issued a non-interest bearing promissory note to CENAQ Sponsor LLC (the "Sponsor") in the principal amount of $409,612 (the "Note"). The Note may be prepaid at any time and was due and payable on or before February 15, 2024 at the Issuer's election in cash or shares of Class A common stock, par value $0.0001 per share, at a conversion price of $10.00 per share.

F2: The Sponsor is the record holder of the securities reported herein. J. Russell Porter is the sole member, and at the time of the issuance of the Note, John B. Connally III and Michael J. Mayell were members, of the board of managers of the Sponsor. Each of Messrs. Connally, Porter and Mayell may be deemed to have had or may have shared beneficial ownership of the securities held directly by the Sponsor. Each such person disclaims any such beneficial ownership of such securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person was the beneficial owner of the securities for purposes of Section 16 or for any other purpose.