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ArcLight Clean Transition Corp. II (ACTD) 10% owner ArcLight CTC Holdings II sold 2,000,000 shares for $13.9M at $6.95

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Insider transactions reported

ArcLight CTC Holdings II, L.P. (10% owner at ArcLight Clean Transition Corp. II, ACTD) reported that they sold 2,000,000 shares for $13.9M at $6.95 on Dec 15, 2022. After these transactions the filing shows 7,639,076 shares held directly.

Reporting person
ArcLight CTC Holdings II, L.P.
Common stock and other non-derivative transactions
DateTypeSecuritySharesPriceValueHeld after
Dec 15, 2022Open-market sale (S)Class A Common Stock1-2,000,000$6.95$13.9M7,639,076 direct

Holdings before and after

  • Class A Common Stock: 9,639,076 to 7,639,076 direct

Footnotes from the filing

  1. 1. 7,639,076 shares of common stock, par value $0.0001 ( New OPAL Common Stock ), of New OPAL (as defined below) are held directly by ArcLight CTC Holdings, L.P. a Delaware limited liability partnership (the Sponsor ). Daniel R. Revers has voting and investment discretion with respect to the securities held by the Sponsor, and thus may be deemed to have beneficial ownership of such securities. Mr. Revers expressly disclaims any such beneficial ownership of such securities, except to the extent of his individual pecuniary interests therein. The business address of Sponsor and Mr. Revers is 200 Clarendon Street, 55th Floor, Boston, MA, 02116.

Transaction codes in this filing

Open-market sale:
Code S marks a sale in the open market or a private deal. The insider received cash for these securities.

FAQ

What did ArcLight CTC Holdings II report in this ACTD Form 4?

ArcLight CTC Holdings II, L.P. (10% owner at ArcLight Clean Transition Corp. II, ACTD) reported that they sold 2,000,000 shares for $13.9M at $6.95 on Dec 15, 2022. After these transactions the filing shows 7,639,076 shares held directly.

How many ACTD shares does ArcLight CTC Holdings II hold after this filing?

The filing shows 7,639,076 shares held directly after the reported transactions. Form 4 reports only the positions it lists, so this may not be every holding.

Was this ACTD insider sale made under a 10b5-1 plan?

The filing's footnotes do not mention a Rule 10b5-1 trading plan.

What does transaction code S mean on an SEC Form 4?

Code S marks a sale in the open market or a private deal. The insider received cash for these securities.

Historical context for ACTD

Earlier insider filings at ACTD

Quantisnow market dataNASDAQ
ArcLight Clean Transition Corp. II logo
ACTD
ArcLight Clean Transition Corp. II
Market cap
30-day
Listed since
2021
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