| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | N/A | Class P-I Common Shares | Award | $16.8M | +1.91M | +6872.82% | $8.80* | 1.93M | May 19, 2022 | Direct | F1, F2 |
| transaction | N/A | Class EO Common Shares | Award | $0 | +793K | $0.00 | 793K | May 19, 2022 | Direct | F3 |
| Id | Content |
|---|---|
| F1 | Reflects shares of Class P-I Common Shares distributed to the Reporting Person on May 19, 2022, in his capacity as a member of Greenbacker Group LLC ("Group LLC"), in connection with a management acquisition (the "Acquisition") by Greenbacker Renewable Energy Company LLC (the "Company"). The Reporting Person may receive up to additional 235,620 shares from Group LLC upon release from holdback arrangements between the Company and Group LLC. |
| F2 | Reflects the last reported net asset value per share published by the Company on March 31, 2022. |
| F3 | Reflects shares of Class EO Common Shares ("Earnout Shares") issued to the Reporting Person on May 19, 2022, in his capacity as a member of Group LLC, in connection with the Acquisition. These Earnout Shares initially do not have the right to participate in any distributions payable by the Company. Upon the achievement of separate benchmark quarter-end run-rate revenue targets, or upon the occurrence of certain liquidity events, however, these Earnout Shares can become "Participating Earnout Shares" and become entitled to priority allocation of profits and increases in value from the Company and will have equivalent economic and voting rights as Class P-I Common Shares, as further described in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on May 23, 2022. |