TortoiseEcofin Sponsor III LLC - Jul 19, 2021 Form 4 Insider Report for TortoiseEcofin Acquisition Corp. III (TRTL)

Role: 10%+ Owner
Signature: /s/ TortoiseEcofin Sponsor III LLC, by Steven C. Schnitzer as Attorney-in-Fact
Stock symbol: TRTL
Transactions as of: Jul 19, 2021
Transactions value $: $0
Form type: 4
Date filed: 7/21/2021, 04:19 PM
Next filing: Jul 22, 2021

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	TRTL	Class B Ordinary Shares	Other	$0	-120K	-1.39%	$0.00	8.51M	Jul 19, 2021	Class A Ordinary Shares	120K		See Footnote	F1, F2, F3

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

Explanation of Responses:

Id	Content
F1	The Class B Ordinary Shares are convertible into the Issuer's Class A Ordinary Shares on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, and have no expiration date.
F2	In connection with the Issuer's initial public offering and the appointment of Juan J. Daboub, William J. Clinton and Mary Beth Mandanas to the Issuer's Board of Directors, TortoiseEcofin Sponsor III forfeited 120,000 Class B Ordinary Shares to the Issuer and the Issuer issued 40,000 Class B Ordinary Shares to each of Juan J. Daboub, William J. Clinton and Mary Beth Mandanas.
F3	TortoiseEcofin Sponsor III LLC is the record holder of the shares reported herein. TortoiseEcofin Borrower LLC is the managing member of TortoiseEcofin Sponsor III LLC. TortoiseEcofin Parent Holdco LLC is the sole member of TortoiseEcofin Borrower LLC and TortoiseEcofin Investments, LLC is the sole member of TortoiseEcofin Parent Holdco LLC. Accordingly, TortoiseEcofin Borrower LLC and TortoiseEcofin Investments, LLC may be deemed to have or share beneficial ownership of the Class B Ordinary Shares held directly by TortoiseEcofin Sponsor III LLC. The address of each of TortoiseEcofin Borrower LLC and TortoiseEcofin Investments, LLC is 6363 College Boulevard, Overland Park, Kansas 66211.