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

Role
Director, 10%+ Owner
Signature
Stratim Cloud Acquisition, LLC, By: /s/ Sreekanth Ravi, Member
Stock symbol
SCAQ
Transactions as of
May 1, 2022
Transactions value $
$0
Form type
4
Date filed
5/3/2022, 04:33 PM
Previous filing
Jun 22, 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 SCAQ Class B common stock Other +12.5K +0.22% 5.66M May 1, 2022 Class A common stock 12.5K Direct F1, F2, F3
transaction SCAQ Class B common stock Other -25K -0.44% 5.64M May 1, 2022 Class A common stock 25K Direct F1, F3, F4
* 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 Sponsor is managed by its board of managers, consisting of Sreekanth Ravi and Zachary Abrams. Mr. Ravi may be deemed to beneficially own shares held by the Sponsor by virtue of his shared control over the Sponsor. Mr. Ravi disclaims beneficial ownership of the shares held by the Sponsor, except to the extent of his 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.

Remarks:

Mr. Ravi, a manager of the Sponsor, serves on the board of directors of the issuer. For the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the Sponsor may be deemed a director by deputization with respect to the issuer on the basis of the service of Mr. Ravi on the issuer's board of directors.