4/A: Altus Power CEO Gregg Felton Sells Shares to Cover Tax Obligations, Corrects Filing Error

Altus Power CEO Gregg Felton sold shares to cover tax obligations and amended a previous filing to correct the number of shares beneficially held.

Summary

• Gregg J. Felton, CEO and co-founder of Altus Power, Inc., filed an amended Form 4/A with the SEC.
• The amendment corrects an administrative error in the number of shares beneficially held.
• On April 7, 2025, Felton sold 87,048 shares of Class A Common Stock at a price of $4.96 per share to satisfy tax withholding obligations.
• Following the transaction, Felton directly owns 4,418,099 shares of Class A Common Stock.
• Felton also indirectly owns 12,044,603 shares through Felton Asset Management LLC, where he is the managing member but disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The document is a standard SEC filing related to insider trading. The sale of shares is for tax purposes and the correction of an administrative error is neutral. Overall, the sentiment is neutral.

Management Comments

• The sale was made to satisfy tax withholding obligations through a 'sell to cover' transaction and does not represent a discretionary trade by the Reporting Person.
• The Reporting Person disclaims beneficial ownership of shares held by Felton Asset Management LLC, except to the extent of his pecuniary interest therein.

Industry Context

This filing is a routine disclosure related to insider trading activity, which is common for publicly traded companies. The sale appears to be related to tax obligations rather than a change in sentiment regarding the company's prospects.

Key Dates

Keywords

Altus Power, Gregg Felton, SEC Form 4, Beneficial Ownership, Share Sale, Tax Withholding, AMPS, Felton Asset Management