Ameresco CEO Sakellaris Holds 20.6M Shares, Signals Confidence
Ticker: AMRC · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 1488139
Complexity: simple
Sentiment: bullish
Topics: insider-ownership, SC-13G/A, CEO-stake, amendment
TL;DR
**Ameresco CEO George Sakellaris still owns a massive 20.6M shares, showing strong conviction.**
AI Summary
George P. Sakellaris, the founder and CEO of Ameresco, Inc., filed an amended SC 13G/A on February 12, 2024, disclosing his beneficial ownership of 20,623,720 shares of Class A Common Stock as of December 31, 2023. This represents a significant stake, with Sakellaris holding both sole voting and dispositive power over 13,985,329 shares, and shared voting and dispositive power over an additional 6,638,391 shares. This matters to investors because it shows the CEO's continued substantial personal investment in the company, which can signal confidence in its future performance.
Why It Matters
This filing confirms that Ameresco's CEO, George P. Sakellaris, maintains a very large personal stake in the company, aligning his interests directly with those of other shareholders. His substantial ownership could indicate strong belief in the company's long-term strategy and value.
Risk Assessment
Risk Level: low — The filing indicates stable, significant insider ownership, which generally reduces risk by aligning management's interests with shareholders.
Analyst Insight
Investors should view this as a positive signal, as the CEO's substantial and stable ownership stake suggests strong confidence in Ameresco's future. This insider alignment can be a factor in long-term investment decisions.
Key Numbers
- 20,623,720 — Total Shares Beneficially Owned (Represents the aggregate amount of Ameresco Class A Common Stock held by George P. Sakellaris.)
- 13,985,329 — Shares with Sole Voting/Dispositive Power (Indicates the number of shares George P. Sakellaris controls independently.)
- 6,638,391 — Shares with Shared Voting/Dispositive Power (Shows the number of shares George P. Sakellaris controls in conjunction with others.)
Key Players & Entities
- George P. Sakellaris (person) — Reporting Person, CEO of Ameresco, Inc.
- Ameresco, Inc. (company) — Subject Company, issuer of the securities
- 20,623,720 (dollar_amount) — Aggregate amount of shares beneficially owned by George P. Sakellaris
- 13,985,329 (dollar_amount) — Shares with sole voting and dispositive power held by George P. Sakellaris
- 6,638,391 (dollar_amount) — Shares with shared voting and dispositive power held by George P. Sakellaris
- December 31, 2023 (date) — Date of event which requires filing of this statement
Forward-Looking Statements
- George P. Sakellaris will maintain a significant ownership stake in Ameresco, Inc. (George P. Sakellaris) — high confidence, target: Next 12-24 months
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person is George P. Sakellaris, as stated in Item 1 of the filing's cover page and the 'FILED BY' section.
What is the total number of Ameresco, Inc. Class A Common Stock shares beneficially owned by George P. Sakellaris according to this filing?
George P. Sakellaris beneficially owns an aggregate amount of 20,623,720 shares, as reported in Item 9 of the cover page.
What is the CUSIP number for the Class A Common Stock of Ameresco, Inc.?
The CUSIP number is 02361E 10 8, as listed on the cover page of the filing.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event requiring this filing was December 31, 2023, as specified on the first page of the Schedule 13G.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(d), indicated by the checked box on the first page of the document.
Filing Stats: 926 words · 4 min read · ~3 pages · Grade level 7.7 · Accepted 2024-02-12 16:37:29
Filing Documents
- sc13gagpsamend121.htm (SC 13G/A) — 37KB
- 0001496665-24-000002.txt ( ) — 38KB
(a). Name of Issuer
Item 1(a). Name of Issuer Ameresco, Inc.
(b). Address of Issuer's Principal Executive Offices
Item 1(b). Address of Issuer's Principal Executive Offices 111 Speen St., Suite 410 Framingham, MA 01701
(a). Name of Person Filing
Item 2(a). Name of Person Filing George P. Sakellaris
(b). Address of Principal Business Offices or, if None, Residence
Item 2(b). Address of Principal Business Offices or, if None, Residence co Ameresco, Inc. 111 Speen St., Suite 410 Framingham, MA 01701
(c). Citizenship
Item 2(c). Citizenship United States of America
(d). Title of Class of Securities
Item 2(d). Title of Class of Securities Class A Common Stock, $.0001 par value per share. Shares reported include shares of Class A Common stock issuable upon conversion of shares of the Issuer's Class B Common Stock, $.0001 par value per share. Shares of Class B Common Stock are convertible on a one-for-one basis into shares of Class A Common Stock and are entitled to five votes per share.
(e). CUSIP Number
Item 2(e). CUSIP Number 02361E 10 8
If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a Not applicable.
Ownership
Item 4. Ownership Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned 20,623,720 Includes (i) 500,000 shares issuable upon exercise of options that are exercisable within 60 days of December 31, 2023 and (ii) 12,661,609 shares issuable upon conversion of shares of Class B Common Stock held directly by the Reporting Person. Also includes (i) 200,000 shares held by the Reporting Person's spouse, (ii) 1,100,000 shares held by the George P. Sakellaris 2012 Delaware Dynasty Trust (the "2012 Trust") and (iii) 5,338,391 shares issuable upon conversion of shares of Class B Common Stock held by the CGS 2010 Irrevocable Trust (the 2010 Trust and together with the 2012 Trust, the Trusts). The Reporting Person may be deemed the beneficial holder of the shares held by the Trusts and his spouse and to share voting and dispositive power. The Reporting Person disclaims beneficial ownership of the shares held by the Trusts and his spouse and this schedule shall not be deemed an admission that the Reporting Person is the beneficial owner of the shares held by the Trusts or his spouse for purposes of Section 13 or for any other purpose. CUSIP No. 02361E 10 8 13G Page 4 of 4 Pages (b) Percent of class 39.5% (based on 34,234,525 shares of Class A Common Stock outstanding as of November 3, 2023 as reported in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2023 and calculated in accordance with Rule 13d-3(d)). (c) Number of shares as to which such person has (i) Sole power to vote or direct the vote 13,985,329 (ii) Shared power to vote or direct the vote 6,638,391 (iii) Sole power to dispose or to direct the disposition of 13,985,329 (iv) Shared power to dispose or to direct the disposition of 6,638,391
Ownership of Five Percent or Less of a Class
Item 5. Ownership of Five Percent or Less of a Class. Not applicable.
Ownership of More than Five Percent on Behalf of Another Person
Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. Not applicable.
Identification and Classification of Members of the Group
Item 8. Identification and Classification of Members of the Group. Not applicable.
Notice of Dissolution of Group
Item 9. Notice of Dissolution of Group. Not applicable.
Certifications
Item 10. Certifications. Not applicable. * * * SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 12, 2024 (Date) s George P. Sakellaris (Signature) George P. Sakellaris (Name and Title)