ArcLight Clean Transition Corp. II (ACTD) 10% owner ArcLight CTC Holdings II sold 2,000,000 shares for $13.9M at $6.95
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.
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Dec 15, 2022 | Open-market sale (S) | Class A Common Stock1 | -2,000,000 | $6.95 | $13.9M | 7,639,076 direct |
Holdings before and after
- Class A Common Stock: 9,639,076 to 7,639,076 direct
Footnotes from the filing
- 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
- Dec 16, 2022SEC Form 4: Nisar Nadeem bought $72,400 worth of shares (10,000 units at $7.24)
- Dec 16, 2022SEC Form 4: Anthony Ann T bought $49,003 worth of shares (6,323 units at $7.75)
- Dec 12, 2022SEC Form 4: Maurer Jonathan Gilbert bought $115,200 worth of shares (15,000 units at $7.68)
- Dec 5, 2022SEC Form 4: Fogarty Kevin Michael bought $426,380 worth of shares (45,000 units at $9.48)
- Oct 4, 2022SEC Form 4 filed by Gatti Marco F.
- Market cap
- 30-day
- Listed since
- 2021
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