T. Rowe Price Investment Management (HASI) discloses 5.2% ownership stake

Rhea-AI Filing Summary

T. Rowe Price Investment Management, Inc. filed a Schedule 13G reporting beneficial ownership of 6,604,443 shares of HA Sustainable Infrastructure Cap Inc common stock, representing 5.2% of the class as of 12/31/2025.

The firm reports sole voting power over 6,573,675 shares and sole dispositive power over 6,604,443 shares, with no shared voting or dispositive power. It states the position was acquired and is held in the ordinary course of business and not for the purpose of changing or influencing control of the company, and expressly denies beneficial ownership beyond what is required for this report.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

HA SUSTAINABLE INFRASTRUCTURE CAP INC

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

41068X100

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 41068X100

1

Names of Reporting Persons

T. Rowe Price Investment Management, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MARYLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 6,573,675.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 6,604,443.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,604,443.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.2 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: HA SUSTAINABLE INFRASTRUCTURE CAP INC
(b)	Address of issuer's principal executive offices: ONE PARK PLACE, SUITE 200, ANNAPOLIS, MD, 21401
Item 2.
(a)	Name of person filing: T. Rowe Price Investment Management, Inc.
(b)	Address or principal business office or, if none, residence: 1307 Point Street, Baltimore, MD 21231
(c)	Citizenship: Maryland
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP No.: 41068X100
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 6604443
(b)	Percent of class: 5.2 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 6573675
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 6604443
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. T. Rowe Price Investment Management, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Investment Management is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

T. Rowe Price Investment Management, Inc.

Signature:	Ellen York
Name/Title:	Vice President
Date:	02/17/2026

FAQ

What stake does T. Rowe Price Investment Management hold in HASI?

T. Rowe Price Investment Management reports beneficial ownership of 6,604,443 shares of HA Sustainable Infrastructure Cap Inc common stock, representing 5.2% of the outstanding class as of December 31, 2025, giving it a significant but minority institutional stake.

How much voting power does T. Rowe Price Investment Management report in HASI stock?

The firm reports sole voting power over 6,573,675 shares of HA Sustainable Infrastructure Cap Inc common stock and no shared voting power. This indicates it alone can vote those shares, while retaining sole dispositive power over 6,604,443 shares reported.

Is T. Rowe Price Investment Management seeking control of HASI with this ownership?

No. T. Rowe Price Investment Management certifies the securities were acquired and are held in the ordinary course of business, not to change or influence control of HA Sustainable Infrastructure Cap Inc, and not in connection with any control-related transaction.

What type of SEC filing did T. Rowe Price Investment Management submit for HASI?

The firm submitted a Schedule 13G, a beneficial ownership report used by certain institutional investors holding more than 5% of a class. It reflects a passive ownership position in HA Sustainable Infrastructure Cap Inc common stock as of December 31, 2025.

Does T. Rowe Price Investment Management share dispositive power over HASI shares?

No. The filing shows sole dispositive power over 6,604,443 shares and zero shared dispositive power. This means T. Rowe Price Investment Management alone determines how those HA Sustainable Infrastructure Cap Inc shares may be sold or otherwise disposed of.

How does T. Rowe Price describe its beneficial ownership status in HASI?

T. Rowe Price Investment Management states that the filing should not be construed as an admission of beneficial ownership of the reported securities and expressly denies such beneficial ownership, beyond what is required for reporting under Schedule 13G rules.