LHX Intermediate, LLC - 24 Dec 2024 Form 4 Insider Report for Zeo Energy Corp. (ZEO)

Role: 10%+ Owner
Signature: /s/ Barbara J.S. McKee, Authorized Signatory of Manager
Issuer symbol: ZEO
Transactions as of: 24 Dec 2024
Net transactions value: +$2,500,000
Form type: 4
Filing time: 20 Nov 2025, 17:00:29 UTC
Previous filing: 06 Dec 2024
Next filing: 20 Nov 2025
SEC: View on sec.gov

Reporting Owners (2)

Name	Relationship	Address	Signature	Signature date	CIK
LHX Intermediate, LLC	10%+ Owner	3 EMBARCADERO CENTER, SUITE 550, SAN FRANCISCO	/s/ Barbara J.S. McKee, Authorized Signatory of Manager	20 Nov 2025	0002046915
WHITE OAK GLOBAL ADVISORS LLC	10%+ Owner	3 EMBARCADERO CENTER, SUITE 550, SAN FRANCISCO	/s/ Barbara J.S. McKee, Authorized Signatory of Manager	20 Nov 2025	0001420562

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	ZEO	Promissory Note	Other	$2,500,000				1,851,851	24 Dec 2024	Class A Common Stock	1,851,851	$1.35	Direct	F1, F2, F3

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

Explanation of Responses:

Id	Content
F1	On December 24, 2024 (the "Issue Date"), Zeo Energy, Corp. (the "Issuer") issued a promissory note (the "Promissory Note") to LHX Intermediate, LLC, a Delaware limited liability company ("LHX"), pursuant to which the Issuer could borrow up to an aggregate principal amount of $4,000,000 (the "Loan"). On the Issue Date, the outstanding principal amount of the Loan was $2,500,000. Subject to the terms and conditions set forth in the Promissory Note, the Issuer could borrow up to an additional $1,500,000 in the aggregate upon the achievement of certain milestones specified in the Promissory Note.
F2	The Loan will be repaid in full (the "Repayment") by issuing to LHX or its designee a number of the Issuer's shares of Class A Common Stock, par value $0.0001 per share (the "Class A Common Stock"), equal to the quotient of (i) the outstanding and unpaid amount of the Loan, divided by (ii) $1.35 (the "Share Issuance"), subject to stockholder approval under the rules of The Nasdaq Stock Market LLC. The Repayment shall take place immediately following the later of: (x) the day falling on the first anniversary of the Issue Date (or, if such day is not a business day, the immediately previous business day) and (y) the date on which the stockholders of the Issuer approve the Share Issuance.
F3	The securities of the Issuer are held directly by LHX. White Oak Global Advisors, LLC ("WOGA") is the manager of the funds and accounts that own LHX. WOGA disclaims beneficial ownership with respect to any securities of the Issuer held by LHX, except to the extent of its pecuniary interest in such securities. Investment and voting decisions for WOGA are made by a simple majority vote of its investment committee. Therefore, no individual member of the investment committee is considered to be the beneficial owner of the securities of the Issuer held by LHX, except to the extent of his or her pecuniary interest in such securities.