Form 4: Opal Fuels Inc. Director Mark S. Comora Reports Significant Conversion of Class D to Class B Common Stock
SEC Form 4
Director Mark S. Comora reports the conversion of 50,000,000 shares of Class D Common Stock into Class B Common Stock, impacting his beneficial ownership in Opal Fuels Inc.
Summary
- On April 22, 2025, Mark S. Comora, a director and significant figure in related entities, reported a transaction involving OPAL Fuels Inc.
- 50,000,000 shares of Class D Common Stock were converted into Class B Common Stock.
- This conversion was initiated by OPAL HoldCo LLC, where Comora serves as President and is controlled through Fortistar LLC and its subsidiaries.
- Following the transaction, Comora's indirect beneficial ownership includes 20,877,450 shares of Class B common stock and 121,500,000 shares of Class B common stock through OPAL HoldCo LLC.
- Comora also indirectly owns shares through Hillman RNG Investments LLC and Fortistar LLC, and directly owns 56,712 shares of Class A common stock.
- Additionally, the Class B Common Units of OPAL Fuels LLC are redeemable for Class C common stock or a cash payment.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing a stock conversion. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider transactions.
Industry Context
This filing reflects changes in beneficial ownership, which is a routine part of corporate governance and regulatory compliance. It provides transparency to investors regarding the holdings and transactions of company insiders.
Stakeholder Impact
- The conversion of Class D to Class B shares could potentially impact the voting power and equity structure of OPAL Fuels Inc., affecting shareholders.
- The transaction provides transparency to stakeholders regarding insider activity and ownership structure.
Key Dates
| Date | Description |
|---|---|
| 04/22/2025 | Date of Class D to Class B Common Stock conversion. |
| 04/23/2025 | Date of signature by Attorney-in-Fact. |
Keywords
OPAL Fuels Inc., Mark S. Comora, Class D Common Stock, Class B Common Stock, Conversion, Beneficial Ownership, OPAL HoldCo LLC, Fortistar LLC, Hillman RNG Investments LLC
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.