Daniel R. Revers - 06 May 2021 Form 4/A - Amendment Insider Report for ArcLight Clean Transition Corp. II (OPAL)

Role: Chairman, Director, 10%+ Owner
Signature: /s/ Daniel Revers
Issuer symbol: OPAL
Transactions as of: 06 May 2021
Net transactions value: $0
Form type: 4/A - Amendment
Filing time: 03 Feb 2022, 17:07:03 UTC
Date Of Original Report: 10 May 2021
Next filing: 10 May 2021
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	OPAL	Class B ordinary shares	Other		-127,174	-1.6%		7,639,076	06 May 2021	Class A ordinary shares	127,174		By ArcLight CTC Holdings II, L.P.	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This Form 4 reflects the surrender to the issuer of 127,174 of the issuer's Class B ordinary shares, par value $0.0001 per share, for no consideration by ArcLight CTC Holdings II, L.P.'s ("Sponsor") as a result of the Sponsor's participation in the issuer's initial public offering, as more fully described in the issuer's registration statement on Form S-1 (File No. 333-252730).
F2	As described in the issuer's registration statement on Form S-1 (File No. 333-252730) under the heading "Description of Securities -- Founder Shares", the Class B ordinary shares will automatically convert into Class A ordinary shares, par value $0.0001 per share, of the issuer at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment for share subdivisions, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
F3	The securities reported herein are held directly by the Sponsor. The reporting person has voting and investment discretion with respect to the securities held by the the Sponsor. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.

Remarks:

This Form 4/A is only to conform the date of the earliest transaction and correct the reported amount of beneficial ownership following the reported transaction - beneficial ownership should have been reported as 7,639,076 - not 6,920,326 as reported on May 10, 2021.