Nickolas Stavropoulos - May 10, 2021 Form 4 Insider Report for Ameresco, Inc. (AMRC)

Role: Director
Signature: /s/ David J. Corrsin, attorney-in-fact
Stock symbol: AMRC
Transactions as of: May 10, 2021
Transactions value $: -$426,859
Form type: 4
Date filed: 5/12/2021, 05:17 PM
Next filing: May 24, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AMRC	Class A Common Stock	Options Exercise	$206K	+12.6K	+315.58%	$16.33	16.6K	May 10, 2021	Direct
transaction	AMRC	Class A Common Stock	Sale	-$633K	-12.6K	-75.94%	$50.15	4K	May 10, 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AMRC	Stock Option (right to purchase)	Options Exercise	$0	-12.6K	-31.56%	$0.00	27.4K	May 10, 2021	Class A Common Stock	12.6K	$16.33	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.00 to $50.32, inclusive. The reporting person undertakes to provide to Ameresco, Inc., any security holder of Ameresco, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1) to this Form 4.
F2	Of the shares subject to the option, 20% vested on April 24, 2020, and the remainder vest in four equal installments on each of the subsequent four anniversaries of such date.

Content

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.00 to $50.32, inclusive. The reporting person undertakes to provide to Ameresco, Inc., any security holder of Ameresco, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1) to this Form 4.

Of the shares subject to the option, 20% vested on April 24, 2020, and the remainder vest in four equal installments on each of the subsequent four anniversaries of such date.