4/A: Altus Power CEO Sells Shares to Cover Tax Obligations, Amends Filing to Correct Share Count

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

Summary

• Altus Power CEO Gregg J. Felton sold 83,936 shares of Class A Common Stock on March 31, 2025, at a price of $4.95 per share to satisfy tax withholding obligations.
• The sale was executed through a 'sell to cover' transaction and does not represent a discretionary trade.
• An amended filing (Form 4/A) was submitted to correct an administrative error in the number of shares beneficially held by the Reporting Person.
• Following the transaction, Felton directly owns 4,505,147 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: 5

Explanation: The document primarily reports a routine transaction (share sale for tax purposes) and a correction of an administrative error, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors regarding ownership changes.

Stakeholder Impact

• The share sale may have a minor impact on shareholders due to the increased supply of shares, but the transaction is primarily driven by tax obligations.
• The correction of the administrative error ensures accurate reporting of beneficial ownership, which is important for stakeholder transparency.

Key Dates

Keywords

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