Reed Kimberly A. 4

What Happened
Kimberly A. Reed, a director of HA Sustainable Infrastructure Capital, Inc. (HASI), was granted 3,553 derivative shares (transaction code A: award/acquisition) on June 3, 2026. The Form 4 reports the shares at $0.00 (no cash paid) because these are derivative interests tied to long‑term incentive plan (LTIP) units rather than an open‑market purchase.

Key Details

• Transaction date and price: 2026-06-03; 3,553 shares @ $0.00 (derivative award).
• Filing date: 2026-06-05 (timely; Form 4s are generally due within two business days).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Relevant footnotes:
  • F1: 18,286 OP Units are issuable upon vesting and conversion of 18,286 LTIP Units in the Partnership.
  • F2: Vested LTIP Units can convert one-for-one into Partnership OP Units; upon conversion the holder can cause the Partnership to redeem OP Units for cash equal to the market value of equivalent HASI common shares or, at the issuer’s option, receive HASI shares on a one-for-one basis (subject to adjustments).
  • F3: N/A.
• Remarks: Exhibit 24.1 Power of Attorney dated April 30, 2026.

Context
This was an equity award tied to the Partnership’s LTIP structure and not a cash purchase or sale. Derivative awards like these give the holder future economic exposure (via conversion/redemption mechanics) but do not necessarily reflect an immediate buy or sell decision in the open market. No indication of a sale or cashless exercise was included in the filing.