| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | N/A | Class EO Common Shares | 138K | May 23, 2023 | Direct | F1, F2, F3 |
| Id | Content |
|---|---|
| F1 | 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 Greenbacker Group LLC and July 8, 2022 in his capacity as a member of GB EO Holder LLC, in connection with the Acquisition. The Earnout Shares initially do not have the right to participate in any distributions payable by Greenbacker Renewable Energy Company LLC (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. |
| F2 | 52,536.4 of the Reporting Person's total 266,178.38 Earnout Shares have become "Participating Earnout Shares" as of the date of this report. |
| F3 | These Earnout Shares were omitted from the Reporting Person's original Form 3. |