Form 4: Ameresco CEO George Sakellaris Increases Stake in Company with Recent Stock Purchases
SEC Form 4
Ameresco's CEO, George Sakellaris, has recently acquired a significant number of Class A Common Stock shares, increasing his direct and indirect ownership in the company.
Summary
- George Sakellaris, the President and CEO of Ameresco, Inc., has reported changes in his beneficial ownership of the company's Class A Common Stock.
- Between March 4th and March 6th, 2025, Sakellaris purchased a total of 125,000 shares of Class A Common Stock through multiple transactions at varying prices.
- On March 4th, 2025, he acquired 50,000 shares at a weighted average price of $9.96, with individual prices ranging from $9.40 to $10.32.
- On March 5th, 2025, he purchased another 50,000 shares at a weighted average price of $9.74, with prices ranging from $9.54 to $10.12.
- On March 6th, 2025, Sakellaris acquired 25,000 shares at a weighted average price of $9.27, with prices ranging from $9.05 to $9.41.
- Following these transactions, Sakellaris directly owns 978,638 shares of Class A Common Stock.
- He also indirectly owns 1,100,000 shares through a trust for his children and 200,000 shares through his spouse.
- The reporting person disclaims beneficial ownership of the shares held by the trust, and this report should not be deemed an admission that the reporting person is the beneficial owner of the trust's shares for purposes of Section 16 or for any other purpose.
Sentiment
Score: 7
Explanation: The sentiment is moderately positive due to the CEO's increased investment in the company, which can be interpreted as a sign of confidence. However, it's important to consider this in the context of the company's overall performance.
Positives
- The CEO's increased investment in the company may signal confidence in Ameresco's future prospects.
Industry Context
Insider buying is often seen as a positive sign, suggesting that a company's leadership believes the stock is undervalued. However, it's important to consider the overall context of the company's performance and industry trends.
Stakeholder Impact
- Shareholders may view the CEO's stock purchases as a positive signal.
- The increased demand for the stock could potentially lead to a short-term increase in the stock price.
Key Dates
| Date | Description |
|---|---|
| 03/04/2025 | CEO purchased 50,000 shares of Class A Common Stock. |
| 03/05/2025 | CEO purchased 50,000 shares of Class A Common Stock. |
| 03/06/2025 | CEO purchased 25,000 shares of Class A Common Stock and filing date of the Form 4. |
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