Global Infrastructure Investors III, LLC - May 13, 2022 Form 4/A - Amendment Insider Report for Clearway Energy, Inc. (CWEN)

Role
10%+ Owner
Signature
GLOBAL INFRASTRUCTURE INVESTORS III, LLC By: /s/ Jonathan Bram Name: Jonathan Bram Title: Partner
Stock symbol
CWEN
Transactions as of
May 13, 2022
Transactions value $
-$7,468,414
Form type
4/A - Amendment
Date filed
6/15/2022, 04:16 PM
Date Of Original Report
May 17, 2022
Previous filing
May 6, 2022
Next filing
Jun 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CWEN Class C Common Stock Other -$7.37M -235K -77.91% $31.33 66.7K May 13, 2022 See footnotes F1, F2, F3
transaction CWEN Class C Common Stock Other -$100K -3.19K -4.79% $31.33 63.5K May 15, 2022 See footnotes F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects grant of shares of restricted stock of the Issuer granted by Clearway Energy Group LLC ("Clearway Energy Group") under its Long Term Equity Incentive Program to one or more of its employees.
F2 Reflects securities held directly by Clearway Energy Group. Global Infrastructure Investors III, LLC ("Global Investors") is the sole general partner of Global Infrastructure GP III, L.P. ("Global GP"), which is the general partner of GIP III Zephyr Acquisition Partners, L.P. ("GIP"), which is the sole member of Clearway Energy Group. As a result, Global Investors, Global GP, and GIP may be deemed to share beneficial ownership of the Issuer securities owned by Clearway Energy Group. Adebayo Ogunlesi, Jonathan Bram, William Brilliant, Matthew Harris, Michael McGhee, Rajaram Rao, William Woodburn, Salim Samaha and Robert O'Brien, as the voting members of the Investment Committee of Global Investors, may be deemed to share beneficial ownership of the Issuer securities beneficially owned by Global Investors. Such individuals expressly disclaim any such beneficial ownership.
F3 Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the securities reported herein for purposes of Section 16 or for any other purpose.

Remarks:

This Form 4/A amends and restates the original Form 4 filed by the Reporting Persons on May 17, 2022 ("Original Form 4"). This amendment restates the number of shares of restricted stock granted on May 13, 2022 to reflect a grant that was declined by one or more of the Clearway Energy Group employees and never issued, and the resulting balances of securities beneficially owned following the transactions reported herein. This Amendment is also deemed to adjust the reported balances in the Forms 4 filed by the Reporting Persons after the filing of the Original Form 4 through June 7, 2022. As of June 15, 2022, Clearway Energy Group directly holds 64,750 shares of the Issuer's Class C common stock, after taking into account the correction reported herein.