Riverstone Echo GP, LLC - Jun 15, 2023 Form 4 Insider Report for Enviva Inc. (EVA)

Role: Director, 10%+ Owner
Signature: RIVERSTONE ECHO GP, LLC By: /s/ Peter Haskopoulos, Managing Director
Stock symbol: EVA
Transactions as of: Jun 15, 2023
Transactions value $: $0
Form type: 4
Date filed: 6/20/2023, 07:48 PM
Previous filing: Mar 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EVA	Common Stock	Conversion of derivative security		+3.98M	+13.99%		32.4M	Jun 15, 2023	See Footnotes	F1, F2, F3, F4

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	EVA	Series A Preferred Stock	Conversion of derivative security	$0	-3.98M	-100%	$0.00^*	0	Jun 15, 2023	Common Stock	3.98M		See Footnotes	F2, F3, F4

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

Explanation of Responses:

Id	Content
F1	Includes 1,969,002 shares of Common Stock, par value $0.001 (the "Common Stock"), of Enviva Inc. (the "Issuer") held by Riverstone Echo Continuation Holdings, L.P. ("Echo Continuation Holdings"), 267,869 shares of Common Stock held by Riverstone Echo Rollover Holdings, L.P. ("Echo Rollover Holdings"), and 1,740,852 shares of Common Stock held by Riverstone Echo PF Holdings, L.P. ("PF Holdings").
F2	Each share of Series A Preferred Stock ("Preferred Share") was convertible into one share of Common Stock of the Issuer, subject to adjustment for any stock dividends, splits, combinations and similar events. The conversion of the Preferred Shares to shares of Common Stock of the Issuer occurred automatically on June 15, 2023 upon stockholder approval of a proposal to issue Common Stock upon conversion of the Preferred Shares for purposes of Rule 312.03 of the New York Stock Exchange Listed Company Manual.
F3	David M. Leuschen and Pierre F. Lapeyre, Jr. are the managing directors of Riverstone Management Group, L.L.C. ("Riverstone Management"), and have or share voting and investment discretion with respect to the securities beneficially owned by Riverstone Management, which is the general partner of Riverstone/Gower Mgmt Co Holdings, L.P., which is the sole member of Riverstone Holdings LLC, which is the sole member of Riverstone Echo GP, LLC, which is the general partner of Riverstone Echo Partners, L.P., which is the sole member of each of Riverstone ECF GP, LLC ("ECF GP") and Riverstone Echo Rollover GP, LLC ("Echo Rollover GP").
F4	ECF GP is the general partner of each of Echo Continuation Holdings and PF Holdings. Echo Rollover GP is the general partner of Echo Rollover Holdings. As a result of these relationships, each of these entities and individuals may be deemed to have or share beneficial ownership of the securities held of record by Echo Continuation Holdings, Echo Rollover Holdings, and PF Holdings. Each such entity or person disclaims beneficial ownership of such securities except to the extent of their respective pecuniary interest therein.

Remarks:

Due to limitations of the electronic filing system, Riverstone Holdings LLC, Riverstone Management Group, L.L.C., Riverstone/Gower Mgmt Co Holdings, L.P., David M. Leuschen, and Pierre F. Lapeyre are filing a separate Form 4.