Lars Norell - Feb 15, 2022 Form 4 Insider Report for Altus Power, Inc. (AMPS)

Role: CO-FOUNDER CO-CEO CO-PRESIDENT, Director, 10%+ Owner
Signature: By: /s/ Sophia Lee, Attorney-in-Fact
Stock symbol: AMPS
Transactions as of: Feb 15, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/17/2022, 05:36 PM
Previous filing: Dec 9, 2021
Next filing: Apr 19, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AMPS	Class A Common Stock	Award	$0	+3.25M		$0.00	3.25M	Feb 15, 2022	Direct	F1
holding	AMPS	Class A Common Stock						21.7M	Feb 15, 2022	By Start Capital LLC	F2
holding	AMPS	Class A Common Stock						2.85M	Feb 15, 2022	By Start Capital Trust	F3
holding	AMPS	Class A Common Stock						1.43M	Feb 15, 2022	By Viola Profectus Trust	F4
holding	AMPS	Class A Common Stock						1.43M	Feb 15, 2022	By Excelsior Profectus Trust	F4
holding	AMPS	Class A Common Stock						1.43M	Feb 15, 2022	By Latifolia Profectus Trust	F4

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

Explanation of Responses:

Id	Content
F1	Represents 3,245,212 restricted stock units ("RSUs") granted to the Reporting Person on the transaction date pursuant to the Altus Power, Inc. 2021 Omnibus Incentive Plan. Each RSU represents the right to receive one share of Common Stock. The RSUs are subject the Reporting Person's continued service to the Issuer and vesting as follows: approximately 33.3% vesting on the third anniversary of the grant date, approximately 33.3% vesting on the fourth anniversary of the grant date, and approximately 33.4% of these RSUs vesting on the fifth anniversary of the grant date, with 2,596,170 of such RSUs further conditioned upon a stock price performance hurdle which will be satisfied if the stock price attains 25% annual compound annual growth rate measured based on an initial value of $10.00 per Share (i.e. on each of the third anniversary, the fourth anniversary, and the fifth anniversary of the date of grant, the stock price performance hurdle shall be $19.53, $24.41, $30.51, respectively)
F2	Shares held by Start Capital LLC, of which the Reporting Person is the managing member. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
F3	Shares held by Start Capital Trust, for the benefit of the Reporting Person's children. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest, if any, therein.
F4	Shares held in an irrevocable trust for the benefit of the Reporting Person's child. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest, if any, therein.

Remarks:

The Reporting Person's status as a 10% owner was inadvertently omitted form the Reporting Person's prior filing on Form 4.