CBRE GROUP, INC. — Director's Dealing 2024

Apr 3, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Altus Power, Inc. (AMPS)
CIK: 0001828723
Period of Report: 2024-03-31

Reporting Person: CBRE Acquisition Sponsor, LLC (N/A)
Reporting Person: CBRE SERVICES, INC. (N/A)
Reporting Person: CBRE GROUP, INC. (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-03-31	Class A Common Stock	M	1811	—	Acquired	24557823	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-03-31	Class B Common Stock	$	M	181125	Disposed		Class A Common Stock (1811)	Indirect

Footnotes

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, 2024 an aggregate of 996,188 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, 2024 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.