4/A: Altus Power Co-CEO Gregg Felton Buys $60,000 in Company Stock

Altus Power's Co-CEO, Gregg Felton, recently purchased 12,500 shares of Class A Common Stock at an average price of $4.78, increasing his holdings.

Summary

• On March 28, 2024, Gregg J Felton, Co-Founder, Co-CEO, and Co-President of Altus Power, Inc., purchased 12,500 shares of Class A Common Stock.
• The shares were bought at a weighted average price of $4.78, with individual transactions ranging from $4.77 to $4.80.
• Following the transaction, Felton directly owns 4,094,857 shares and indirectly owns 11,894,603 shares through Felton Asset Management LLC.
• This Form 4/A is an amendment to a previous filing to correct the total amount of securities beneficially owned directly by the Reporting Person.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The Co-CEO's stock purchase is a positive sign, but it's a relatively small transaction and doesn't provide a strong indication of future performance.

Positives

• The Co-CEO's purchase of company stock could be interpreted as a positive signal about the company's prospects.

Industry Context

Insider buying is often seen as a positive sign, suggesting that a company's leadership believes the stock is undervalued. It's a common practice and is closely monitored by investors.

Stakeholder Impact

• The stock purchase could have a slightly positive impact on shareholder sentiment.

Key Dates