Mehul Mehta - Sep 1, 2023 Form 4 Insider Report for Greenbacker Renewable Energy Co LLC (N/A)

Role: Chief Investment Officer
Signature: /s/ Mehul Mehta
Stock symbol: N/A
Transactions as of: Sep 1, 2023
Transactions value $: $0
Form type: 4
Date filed: 9/6/2023, 07:52 PM
Previous filing: May 25, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	N/A	Class P-I Common Shares						742K	Sep 1, 2023	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	N/A	Restricted Share Units (Time)	Disposed to Issuer	$0	-84.9K	-100%	$0.00^*	0	Sep 1, 2023	Class P-I Common Shares	84.9K		Direct	F2, F3, F4
transaction	N/A	Restricted Share Units (Time)	Award	$0	+84.9K		$0.00	84.9K	Sep 1, 2023	Class P-I Common Shares	84.9K		Direct	F5, F6, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This amount reflects the divestiture of 84,899.253 Restricted Share Units that were forfeited by the Reporting Person, as reported in Row 1 of Table II below, pursuant to the Separation Agreement dated as of September 1, 2023, between Greenbacker Renewable Energy Corporation and Mehul Mehta (the "Separation Agreement"), as filed with the SEC on Form 8-K on September 1, 2023. The Reporting Person previously inadvertently reported these Restricted Share Units in Table I of the Form 4 filed on May 25, 2023.
F2	Pursuant to the Separation Agreement, the Reporting Person forfeited the 84,899.253 Restricted Share Units granted to the Reporting Person pursuant to Greenbacker Renewable Energy Company LLC's (the "Company") Equity Incentive Plan on May 23, 2023.
F3	Each Restricted Share Unit represented a contingent right to receive an amount equal to one Class P-I Common Share in (w) cash, (x) common shares (y) other securities or other property, as applicable, or (z) any combination thereof, as determined by the Company.
F4	The Restricted Share Units would have vested in three equal annual installments on each anniversary of the commencement date.
F5	The Company granted these Restricted Share Units to the Reporting Person pursuant to the Separation Agreement.
F6	Each Restricted Share Unit represents a contingent right (subject to the Reporting Person's continued compliance with the terms and conditions of the Separation Agreement) to receive cash in an amount equal to one Class P-I Common Share. Once vested, and upon settlement of a vested Restricted Share Unit, the Company will pay the Reporting Person an amount equal to one Class P-I Common Share in cash.
F7	The Restricted Share Units vest as follows: (i) sixty-six and two-third percent (66 2/3%) of the Restricted Share Units shall vest on February 17, 2024, and (ii) thirty-three and one-third percent (33 1/3%) of the Restricted Share Units shall vest on February 17, 2025. Vested Restricted Share Units will be settled as soon as reasonably practicable following such vesting (and, in any event, no later than thirty (30) days following the vesting date of the Restricted Share Units).