Charles A. Alutto - 17 Sep 2021 Form 4 Insider Report for Sierra Lake Acquisition Corp.

Reporting relationship: Chief Executive Officer, 10%+ Owner
Issuer ticker: N/A
Reported as of: 17 Sep 2021
Net transaction value: -$5,625
SEC form: 4
Accepted by SEC: 21 Sep 2021, 16:17:40 UTC
Prior SEC filing: 14 Sep 2021
Next SEC filing: 13 May 2024
Source filing: View source filing
Reporting owner signature: /s/ Charles Alutto

Key filing fact

Charles A. Alutto filed Form 4 for Sierra Lake Acquisition Corp. on 21 Sep 2021.

Key facts

This page summarizes Charles A. Alutto's Form 4 filing for Sierra Lake Acquisition Corp..
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 21 Sep 2021, 16:17.

Change

Previous filing in this sequence was filed on 14 Sep 2021.
Current net transaction value: -$5,625.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SIER transaction Derivative

Class B common stock, par value $0.0001 per share

Sale

Transaction value: $5,625
Shares: -1,875,000
Change %: -22%
Price: $0.003000^*
Shares after: 6,750,000
Date: 17 Sep 2021
Ownership: See footnote
Underlying class: Class A common stock, par value $0.0001 per share
Underlying amount: 1,875,000
Exercise price
Footnotes: F1, F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote 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.

Footnote F2

Sierra Lake Sponsor LLC, a Delaware limited liability company (the "Sponsor"), is the record holder of such shares of Class B common stock. Mr. Alutto is the managing member of the Sponsor.

Footnote F3

Mr. Alutto has voting and investment discretion with respect to the Class B common stock held of record by the Sponsor and may be deemed to have beneficial ownership of the Class B common stock held directly by the Sponsor. Mr. Alutto disclaims any beneficial ownership of the reported shares of Class B common stock other than to the extent of any pecuniary interest he may have therein, directly or indirectly. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the Reporting Person is the beneficial owner of any securities reported herein.