Michael Landenberger - 31 Dec 2022 Form 5 Insider Report for Greenbacker Renewable Energy Co LLC

Role
Chief Accounting Officer
Signature
/s/ Michael Landenberger
Issuer symbol
N/A
Transactions as of
31 Dec 2022
Net transactions value
+$4,088
Form type
5
Filing time
14 Feb 2023, 19:32:35 UTC
Next filing
29 Feb 2024
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 $4,088 +464 +1.2% $8.80* 38,903 15 Dec 2022 Direct F2, F3
holding Class P-I Common Shares 37,411 31 Dec 2022 Direct F1
holding Class E-O Common Shares 17,970 31 Dec 2022 Direct F4
* 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 Accounting 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.connection with holdback arrangements related to the Acquisition by the Company of Group LLC.
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 Includes approximately 1,027 shares of Class P-I Common Shares acquired under the distribution reinvestment plan of the Company.
F4 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.