Sierra Lake Sponsor LLC - Sep 17, 2021 Form 4 Insider Report for Sierra Lake Acquisition Corp. (SIER)

Role
10%+ Owner
Signature
/s/ Charles Alutto Managing Member
Stock symbol
SIER
Transactions as of
Sep 17, 2021
Transactions value $
-$5,625
Form type
4
Date filed
9/21/2021, 04:07 PM
Previous filing
Sep 14, 2021
Next filing
Nov 2, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SIER Class B common stock, par value $0.0001 per share Sale -$5.63K -1.88M -21.74% $0.00* 6.75M Sep 17, 2021 Class A common stock, par value $0.0001 per share 1.88M Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As described in the Issuer's registration statement on Form S-1 (File No. 333-253479) under the heading "Description of Securities - Founder Shares", the shares of Class B common stock will automatically convert into shares of Class A common stock at the time of the Issuer's initial business combination, on a one-for-one basis, subject to certain adjustments described therein.
F2 Includes 1,125,000 shares of Class B Common Stock that are subject to forfeiture if the underwriter in the Issuer's initial public offering does not exercise its over-allotment option in full.