Christopher Lynn Smith - 27 Feb 2024 Form 4 Insider Report for Greenbacker Renewable Energy Co LLC

Role: Chief Financial Officer
Signature: /s/ Christopher Smith
Issuer symbol: N/A
Transactions as of: 27 Feb 2024
Net transactions value: $0
Form type: 4
Filing time: 22 Aug 2024, 16:22:15 UTC
Previous filing: 20 Feb 2024
Next filing: 18 Jul 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction		Class EO Common Shares	Award	$0	+45,465		$0.000000	45,465	27 Feb 2024	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Reflects shares of Class EO Common Shares ("Earnout Shares") issued to the Reporting Person on February 27, 2024. 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.

Content

Reflects shares of Class EO Common Shares ("Earnout Shares") issued to the Reporting Person on February 27, 2024. 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.