Mehul Mehta - 31 Dec 2022 Form 5 Insider Report for Greenbacker Renewable Energy Co LLC

Role
Chief Investment Officer
Signature
/s/ Mehul Mehta
Issuer symbol
N/A
Transactions as of
31 Dec 2022
Net transactions value
-$66,061
Form type
5
Filing time
14 Feb 2023, 19:31:26 UTC
Next filing
25 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction Class P-I Common Shares Award $146,308 -16,630 -2.2% $8.80* 733,322 30 Jun 2022 Direct F1
transaction Class P-I Common Shares Award $80,247 +9,118 +1.2% $8.80* 742,440 15 Dec 2022 Direct F2
holding Class P-I Common Shares 742,440 31 Dec 2022 Direct
holding Class E-O Common Shares 318,194 31 Dec 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 Investment Officer, and therefore became a Reporting Person, of Greenbacker Renewable Energy Company LLC (the "Company") on May 19, 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 as well as 16,629.712 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.