ARDISANA LIZABETH A 4

What Happened

• Elizabeth A. Ardisana, a director of HA Sustainable Infrastructure Capital, Inc. (HASI), was granted 5,574 derivative shares on June 3, 2026. The reported acquisition price is $0.00 (an award/grant, Form 4 code A), so no cash was paid at grant.
• The filing was submitted on June 5, 2026 (two days after the transaction), and includes a Power of Attorney as Exhibit 24.1.

Key Details

• Transaction date: 2026-06-03; Filing date: 2026-06-05.
• Transaction type/code: Grant / Award (A); 5,574 derivative shares @ $0.00.
• Shares owned after transaction: not specified in the provided summary of the Form 4.
• Footnote highlights:
  • F1: 317 shares were acquired since the last Section 16 filing via a dividend reinvestment program.
  • F2/F3: There are 21,988 limited partner units (OP Units) issuable upon vesting/conversion of LTIP units; vested LTIP units can convert one-for-one to OP Units and may be redeemed for cash equal to the market value of an equivalent number of HASI common shares or, at the issuer’s option, settled in HASI shares (subject to the Partnership Agreement).
• Exhibit: 24.1 Power of Attorney dated April 30, 2026.

Context

• This was an equity award (derivative grant), not an open-market purchase or sale. Such grants often reflect compensation or long-term incentives and may be subject to vesting or conversion rules before they translate into marketable shares or cash.
• Because the award is reported as a derivative and conversion/redemption conditions exist, the grant does not necessarily mean immediate economic value or liquidity until those conditions are met.