David Sher - May 19, 2022 Form 4 Insider Report for Greenbacker Renewable Energy Co LLC (N/A)

Role
Director
Signature
/s/ David Sher
Stock symbol
N/A
Transactions as of
May 19, 2022
Transactions value $
$10,253,075
Form type
4
Date filed
5/23/2022, 07:15 PM
Next filing
Feb 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction N/A Class P-I Common Shares Award $8.8M +1M +8393.86% $8.80* 1.01M May 19, 2022 Direct F1, F2, F3
transaction N/A Class P-I Common Shares Award $1.46M +166K $8.80* 166K May 19, 2022 GreenBrothers Ventures LLC F1, F2, F4
transaction N/A Class EO Common Shares Award $0 +416K $0.00 416K May 19, 2022 Direct F5
transaction N/A Class EO Common Shares Award $0 +68.9K $0.00 68.9K May 19, 2022 GreenBrothers Ventures LLC F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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 123,580 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 Includes approximately 804 shares of Class P-I Common Shares acquired under the distribution reinvestment plan of Greenbacker Renewable Energy Company LLC since the Reporting Person's last report
F4 Reflects shares of Class P-I Common Shares distributed to GreenBrothers Ventures LLC on May 19, 2022, in its capacity as a member of Group LLC, in connection with the Acquisition, proportionate to the Reporting Person's percentage ownership in GreenBrothers Ventures LLC. The Reporting Person disclaims ownership other than to the extent of his pecuniary interest
F5 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.
F6 Reflects shares of Earnout Shares distributed to GreenBrothers Ventures LLC on May 19, 2022, in its capacity as a member of Group LLC, in connection with the Acquisition, proportionate to the Reporting Person's percentage ownership in GreenBrothers Ventures LLC. The Reporting Person disclaims ownership other than to the extent of his pecuniary interest.