Form 4: Altus Power Executive Sells Shares to Cover Tax Obligations

Anthony Savino, a co-founder and Chief Construction Officer at Altus Power, sold 28,024 shares of Class A Common Stock to cover tax withholding obligations.

Summary

• Anthony Savino, the Cofounder and Chief Construction Officer of Altus Power, Inc. (AMPS), sold 28,024 shares of Class A Common Stock on March 31, 2025.
• The shares were sold at a price of $4.95 per share.
• The sale was executed to satisfy tax withholding obligations through a 'sell to cover' transaction.
• Following the transaction, Savino directly owns 4,060,207 shares of Altus Power, Inc.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sell to cover taxes) and doesn't indicate any significant positive or negative sentiment.

Industry Context

Insider sales are a common occurrence, especially to cover tax obligations. The market typically analyzes the size and frequency of such sales to gauge insider sentiment.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder confidence, but is unlikely to be significant given the stated reason for the sale.

Key Dates

Keywords

Altus Power, AMPS, Anthony Savino, stock sale, Form 4, insider trading, tax obligations, sell to cover