OPAL director acquires shares via RSU vesting and grant

Martell James J reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 04/02/2026 - 04:30 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Martell James J reported acquisition or exercise transactions in this Form 4 filing.

OPAL Fuels director James J. Martell reported routine equity compensation changes. On March 31, 2026, 66,073 restricted stock units settled into an equal number of Class A common shares at a stated price of $0.00 per share, reflecting scheduled vesting. On the same date, he received a new grant of 54,773 restricted stock units under the 2022 Omnibus Equity Incentive Plan, which are scheduled to vest on March 31, 2027 if he continues providing services. Following these transactions, he directly holds 107,224 shares of Class A common stock and 54,773 restricted stock units.

Insider Trade Summary

66,073 shares exercised/converted

Exercise 3 txns

Insider Martell James J

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	66,073	$0.00	$0.00
Grant/Award	Restricted Stock Units	54,773	$0.00	$0.00
Exercise	Class A common stock	66,073	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 54,773 contracts (Direct); Class A common stock — 107,224 shares (Direct)

Footnotes (2)

1. 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.
2. F2. On March 31, 2026, the Reporting Person was granted 54,773 RSUs pursuant to the terms of the Issuer's 2022 Omnibus Equity Incentive Plan. The 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.

Key Figures

RSUs settled: 66,073 units/shares New RSU grant: 54,773 units Shares after transactions: 107,224 shares +2 more

5 metrics

RSUs settled 66,073 units/shares Restricted stock units settled into Class A common stock on March 31, 2026

New RSU grant 54,773 units Grant under 2022 Omnibus Equity Incentive Plan on March 31, 2026

Shares after transactions 107,224 shares Class A common stock directly held after March 31, 2026 transactions

Unvested RSUs after grant 54,773 units Restricted stock units scheduled to vest on March 31, 2027

Exercise price of RSUs $0.00 per unit Stated price per share for RSU settlement into Class A common stock

Key Terms

Restricted Stock Units, Class A common stock, 2022 Omnibus Equity Incentive Plan

3 terms

Restricted Stock Units financial

"Each restricted stock unit represents the right to receive, at settlement, one share of Class A common stock."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Class A common stock financial

"represents the settlement of restricted stock units in shares of Class A common stock on their scheduled vesting date."

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

2022 Omnibus Equity Incentive Plan financial

"granted 54,773 RSUs pursuant to the terms of the Issuer's 2022 Omnibus Equity Incentive Plan."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did OPAL director James J. Martell report on March 31, 2026?

James J. Martell reported equity compensation activity on March 31, 2026. 66,073 restricted stock units settled into the same number of Class A common shares, and he received a new grant of 54,773 restricted stock units under OPAL Fuels’ 2022 Omnibus Equity Incentive Plan.

Did James J. Martell buy or sell OPAL (OPAL) shares in the open market?

The filing shows no open-market buys or sells. Instead, 66,073 restricted stock units converted into Class A common shares at $0.00 per share, and 54,773 new restricted stock units were granted as compensation, both classified as acquisitions rather than market trades.

How many OPAL Class A common shares does James J. Martell own after these transactions?

After these transactions, James J. Martell directly holds 107,224 shares of OPAL’s Class A common stock. This reflects the settlement of 66,073 restricted stock units into shares and his existing holdings as reported in the Form 4 data.

What new restricted stock unit grant did James J. Martell receive from OPAL Fuels?

On March 31, 2026, James J. Martell was granted 54,773 restricted stock units under OPAL Fuels’ 2022 Omnibus Equity Incentive Plan. These restricted stock units are scheduled to vest on March 31, 2027, contingent on his continued service to the company.

When will James J. Martell’s new OPAL restricted stock units vest?

The 54,773 restricted stock units granted on March 31, 2026 are scheduled to vest on March 31, 2027. Vesting is conditioned on James J. Martell continuing to provide services to OPAL Fuels through that vesting date, according to the Form 4 footnote.

What does each OPAL restricted stock unit represent for James J. Martell?

Each restricted stock unit represents the right to receive one share of Class A common stock at settlement. This applies both to the 66,073 units that settled into shares and the 54,773 newly granted units that are scheduled to vest on March 31, 2027.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Martell James J

(Last) (First) (Middle)

ONE NORTH LEXINGTON AVE, 14TH FLOOR

(Street)

WHITE PLAINS NEW YORK 10601

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
OPAL Fuels Inc. [ OPAL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A common stock	03/31/2026		M		66,073	A	(1)	107,224	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	03/31/2026		M			66,073	(1)	(1)	Class A common stock(1)	66,073	$0	0	D
Restricted Stock Units	(2)	03/31/2026		A		54,773		(2)	(2)	Class A common stock(2)	54,773	$0	54,773	D

Explanation of Responses:

1. 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.

2. On March 31, 2026, the Reporting Person was granted 54,773 RSUs pursuant to the terms of the Issuer's 2022 Omnibus Equity Incentive Plan. The 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.

Remarks:

	/s/ John Coghlin as Attorney-in-Fact	04/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)