Form 4 for VGAS Verde Clean Fuels, Inc.
Accepted 2024-04-10 00:00:00 ET · period of report 2023-02-15 · accession 0001213900-24-031966 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-04-10 | 2024-02-15 | VGAS | CENAQ Sponsor LLC. | 10% | X - OptEx | $10.00 | +41.0K | 3.28M | +1% | +$409.6K |
| D | 2024-04-10 | 2024-03-21 | VGAS | CENAQ Sponsor LLC. | 10% | J - Other | — | -41.0K | 3.23M | -1% | — |
| D | 2024-04-10 | 2024-02-15 | VGAS | CENAQ Sponsor LLC. | 10% | X - OptEx | $0.00 | -1 | 0 | -100% | $0 |
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 | 2024-02-15 | X | A | 40,961 | $10.00 | 3,275,336 | D | — | — | (F2) The Reporting Person is the record holder of the securities reported herein. J. Russell Porter is the sole member of the board of managers of the Reporting Person. Mr. Porter may be deemed to have or share beneficial ownership of the securities held directly by the Reporting Person and disclaims any such beneficial ownership of such securities except to the extent of his pecuniary interest therein. |
| 2 | Common | Class A Common Stock | 2024-03-21 | J | D | 40,961 | — | 3,234,375 | D | — | — | (F3) On March 21, 2024, the Reporting Person effectuated a pro rata distribution of 40,961 shares of Class A Common Stock previously held by the Reporting Person to its members. (F2) The Reporting Person is the record holder of the securities reported herein. J. Russell Porter is the sole member of the board of managers of the Reporting Person. Mr. Porter may be deemed to have or share beneficial ownership of the securities held directly by the Reporting Person and disclaims any such beneficial ownership of such securities except to the extent of his pecuniary interest therein. |
| 3 | Derivative | Put Option (obligation to buy) | 2024-02-15 | X | D | 1 | $0.00 | 0 | D | $10.00 · — to 2024-02-15 | 40,961 Class A Common Stock | (F1) On February 15, 2023, the Issuer issued a non-interest bearing promissory note to the Reporting Person in the principal amount of $409,612 (the "Note"). The Note may be prepaid at any time and was due and payable on or before February 15, 2024 at the Issuer's election in cash or shares of Class A common stock, par value $0.0001 per share (the "Class A Common Stock"), at a conversion price of $10.00 per share. On February 15, 2024, the Issuer issued to the Reporting Person 40,961 shares of Class A Common Stock upon the Issuer's election to repay the Note in shares of Class A Common Stock at a conversion price of $10.00 per share. (F2) The Reporting Person is the record holder of the securities reported herein. J. Russell Porter is the sole member of the board of managers of the Reporting Person. Mr. Porter may be deemed to have or share beneficial ownership of the securities held directly by the Reporting Person and disclaims any such beneficial ownership of such securities except to the extent of his pecuniary interest therein. |