CBRE SERVICES, INC. 4
4 · Altus Power, Inc. · Filed Sep 23, 2022
Insider Transaction Report
Form 4
CBRE Acquisition Sponsor, LLC
Director10% Owner
Transactions
- Exercise/Conversion
Warrants (Right to Buy)
2022-09-20−9,237,749→ 0 total(indirect: By LLC)From: 2022-01-08Exp: 2026-12-09→ Class A Common Stock (9,237,749 underlying) - Exercise/Conversion
Class A Common Stock
2022-09-20+9,237,749→ 31,239,560 total(indirect: By LLC) - Disposition to Issuer
Class A Common Stock
2022-09-20−6,685,359→ 24,554,201 total(indirect: By LLC)
Footnotes (3)
- [F1]Following the issuer's notice of redemption of all outstanding warrants to purchase the issuer's Class A Common Stock, the reporting person exercised its warrants in a make-whole exercise on a cashless basis. The reporting person received 0.2763 shares of Class A Common Stock and the issuer withheld 0.7237 shares of Class A Common Stock per warrant exercised pursuant to the warrant agreement governing the warrants.
- [F2]Represents securities directly held by CBRE Acquisition Sponsor, LLC ("CBRE Sponsor"). The sole member of CBRE Sponsor is CBRE Services, Inc., which is a wholly-owned subsidiary of CBRE Group, Inc., a publicly traded company.
- [F3]Represents shares of Class A common stock deemed withheld by the issuer in connection with the make-whole exercise on a cashless basis pursuant to the warrant agreement governing the warrants.