Spencer Mash - Dec 31, 2022 Form 5 Insider Report for Greenbacker Renewable Energy Co LLC (N/A)

Role
Chief Financial Officer
Signature
/s/ Spencer Mash
Stock symbol
N/A
Transactions as of
Dec 31, 2022
Transactions value $
$120,692
Form type
5
Date filed
2/14/2023, 07:30 PM
Next filing
Aug 24, 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 $121K +13.7K +1.23% $8.80* 1.13M Dec 15, 2022 Direct F2
holding N/A Class P-I Common Shares 1.12M Dec 31, 2022 Direct F1
holding N/A Class E-O Common Shares 461K Dec 31, 2022 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person was appointed Chief Financial Officer, and therefore became a Reporting Person, of Greenbacker Renewable Energy Company LLC (the "Company") on August 1, 2022. 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 the management acquisition (the "Acquisition") by the Company of Group LLC, including 11,086.474 shares of the Company owned by the Reporting Person prior to the Acquisition.
F2 Reflects shares of Class P-I Common shares distributed to the Reporting Person on December 15, 2022 in its capacity as a member of Group LLC in connection with holdback arrangements related to the Acquisition by the Company of Group LLC.
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. The Earnout Shares initially do not have the right to participate in any distributions payable by the Company. Upon the achievement of separate bench-mark 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.