Zachary Abrams - May 1, 2022 Form 4 Insider Report for Stratim Cloud Acquisition Corp. (SCAQ)

Role
Chief Financial Officer, Director, 10%+ Owner
Signature
Zachary Abrams, By: /s/ Sreekanth Ravi, as attorney-in-fact
Stock symbol
SCAQ
Transactions as of
May 1, 2022
Transactions value $
$0
Form type
4
Date filed
5/3/2022, 04:32 PM

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 SCAQ Class B common stock Other +12.5K +0.22% 5.66M May 1, 2022 Class A common stock 12.5K See Footnote F1, F2, F3
transaction SCAQ Class B common stock Other -25K -0.44% 5.64M May 1, 2022 Class A common stock 25K See Footnote F1, F3, F4
holding SCAQ Class B common stock 1.44M May 1, 2022 Class A common stock 1.44M By Forge Trust Company CFBO Zachary Abrams IRA845772 F1, F5
* 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. 333-253174) under the heading "Description of Securities--Founder Shares," the Class B ordinary shares, par value $0.0001 per share, of the issuer will automatically convert into Class A ordinary shares, par value $0.0001 per share, of the issuer at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustment, and have no expiration date.
F2 On May 1, 2022, Laurence Katz, a former director of the issuer, forfeited 12,500 shares of the issuer's Class B common stock for no consideration to Stratim Cloud Acquisition, LLC (the "Sponsor"), pursuant to the terms of the Securities Assignment Agreement, dated August 27, 2020, between the Sponsor, Mr. Katz and the other parties thereto.
F3 The reporting owner, Zachary Abrams, is on the board of managers that manages the Sponsor. As such, Mr. Abrams may be deemed to beneficially own shares held by the Sponsor by virtue of his shared control over the Sponsor. Mr. Abrams disclaims beneficial ownership of the shares held by the Sponsor, except to the extent of such person's pecuniary interest therein.
F4 On May 1, 2022, the Sponsor assigned 25,000 shares of the issuer's Class B common stock to John Wagner, a director of the issuer, for an aggregate consideration of $86.96.
F5 Shares held by Forge Trust Company CFBO Zachary Abrams IRA845772, of which the reporting person is the beneficiary.