Form 4: Altus Power CEO Gregg Felton Acquires Additional Shares

Altus Power's CEO, Gregg Felton, purchased 82,576 shares of Class A Common Stock at an average price of $3.90, increasing his indirect holdings.

Summary

• On May 31, 2024, Gregg J Felton, CEO, President, and Co-Founder of Altus Power, Inc., acquired 82,576 shares of Class A Common Stock at a weighted average price of $3.90.
• The shares were purchased in multiple transactions with prices ranging from $3.86 to $3.94.
• Following the transaction, Felton directly owns 4,094,857 shares and indirectly owns 11,977,179 shares through Felton Asset Management LLC.
• Felton disclaims beneficial ownership of the shares held by Felton Asset Management LLC, except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. Insider buying is generally viewed favorably, but the document itself is simply a report of the transaction.

Positives

• The CEO's purchase of shares may signal confidence in the company's future prospects.

Industry Context

Insider buying is often seen as a positive sign, indicating that a company's leadership believes the stock is undervalued. However, it's just one factor to consider when evaluating a company's potential.

Key Dates