Form 4 for VGAS Verde Clean Fuels, Inc.
Accepted 2022-10-26 00:00:00 ET · period of report 2022-10-26 · accession 0001213900-22-066576 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2022-10-26 | 2022-10-26 | VGAS | MAYELL MICHAEL J | Pres, CFO, Dir, 10% | C - Cnv Deriv | — | +3.49M | 3.49M | New | — |
| DI | 2022-10-26 | 2022-10-26 | VGAS | MAYELL MICHAEL J | Pres, CFO, Dir, 10% | C - Cnv Deriv | — | -3.49M | 0 | -100% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2022-10-26 | C | A | 3,487,500 | — | 3,487,500 | I See footnote | — | — | (F1) In accordance with the third amended and restated certificate of incorporation of CENAQ Energy Corp. ("CENAQ"), CENAQ Sponsor LLC elected to convert its shares of Class B Common Stock into shares of Class A Common Stock on a one-for-one basis. (F3) CENAQ Sponsor LLC is the record holder of the shares reported herein. John B. Connally III, J. Russell Porter and Michael J. Mayell are the members of the board of managers of CENAQ Sponsor LLC. Each of Messers. Connally, Porter and Mayell may be deemed to have or share beneficial ownership of the common stock held directly by CENAQ Sponsor LLC. Each such person disclaims any such beneficial ownership of such securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. |
| 2 | Derivative | Class B Common Stock | 2022-10-26 | C | D | 3,487,500 | — | 0 | I See footnote | — · — to — | 3,487,500 Class A Common Stock | (F1) In accordance with the third amended and restated certificate of incorporation of CENAQ Energy Corp. ("CENAQ"), CENAQ Sponsor LLC elected to convert its shares of Class B Common Stock into shares of Class A Common Stock on a one-for-one basis. (F3) CENAQ Sponsor LLC is the record holder of the shares reported herein. John B. Connally III, J. Russell Porter and Michael J. Mayell are the members of the board of managers of CENAQ Sponsor LLC. Each of Messers. Connally, Porter and Mayell may be deemed to have or share beneficial ownership of the common stock held directly by CENAQ Sponsor LLC. Each such person disclaims any such beneficial ownership of such securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. (F2) The shares of Class B Common Stock were (i) convertible into shares of Class A Common Stock at CENAQ Sponsor LLC's election on a one-for-one basis and (ii) automatically convertible into shares of Class A Common Stock at the time of the closing of CENAQ's initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights (which rights were waived by CENAQ Sponsor LLC in connection with CENAQ's proposed business combination), and had no expiration date. |