4//SEC Filing
CBRE SERVICES, INC. 4
Accession 0000950170-25-049340
CIK 0001828723operating
Filed
Apr 1, 8:00 PM ET
Accepted
Apr 2, 4:15 PM ET
Size
13.3 KB
Accession
0000950170-25-049340
Insider Transaction Report
Form 4
CBRE Acquisition Sponsor, LLC
Director10% Owner
Transactions
- Exercise/Conversion
Class B Common Stock
2025-03-31−181,125→ 543,375 total(indirect: By LLC)→ Class A Common Stock (1,811 underlying) - Exercise/Conversion
Class A Common Stock
2025-03-31+1,811→ 24,604,044 total(indirect: By LLC)
CBRE GROUP, INC.
Director10% Owner
Transactions
- Exercise/Conversion
Class B Common Stock
2025-03-31−181,125→ 543,375 total(indirect: By LLC)→ Class A Common Stock (1,811 underlying) - Exercise/Conversion
Class A Common Stock
2025-03-31+1,811→ 24,604,044 total(indirect: By LLC)
CBRE SERVICES, INC.
Director10% Owner
Transactions
- Exercise/Conversion
Class A Common Stock
2025-03-31+1,811→ 24,604,044 total(indirect: By LLC) - Exercise/Conversion
Class B Common Stock
2025-03-31−181,125→ 543,375 total(indirect: By LLC)→ Class A Common Stock (1,811 underlying)
Footnotes (3)
- [F1]Pursuant to the terms of the Class B common stock of the Issuer (the "Class B Common Stock"), of which immediately prior to March 31, 2025 an aggregate of 796,950 shares were outstanding, on the last day of each measurement period, which will occur annually over seven fiscal years following the completion of the business combination of CBRE Acquisition Holdings, Inc. with Altus Power, Inc., which occurred on December 9, 2021, an aggregate of at least 201,250 shares of Class B Common Stock will automatically convert, subject to adjustment, into shares of Class A Common Stock of the Issuer (the "Class A Common Stock"), pursuant to a formula based on the stock price of the Class A Common Stock, into an aggregate minimum of 2,013 shares of Class A Common Stock on each conversion date, up to an aggregate maximum of 14,596,637 shares, subject to adjustment, of Class A Common Stock over such seven year period.
- [F2]On the last day of the measurement period ending on March 31, 2025 and pursuant to the formula referenced above, an aggregate of 201,250 shares of Class B Common Stock automatically converted into an aggregate of 2,013 shares of Class A Common Stock. Such conversion of Class B Common Stock applies to each holder of Class B Common Stock on a pro rata basis on the basis of the amounts of such Class B Common Stock held by such holder. In connection with the above, 181,125 shares of Class B Common Stock beneficially owned by the Reporting Persons were converted into 1,811 shares of Class A Common Stock.
- [F3]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.
Documents
Issuer
Altus Power, Inc.
CIK 0001828723
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000852203
Filing Metadata
- Form type
- 4
- Filed
- Apr 1, 8:00 PM ET
- Accepted
- Apr 2, 4:15 PM ET
- Size
- 13.3 KB