Key facts
- This page summarizes Stratim Cloud Acquisition, LLC's Form 4 filing for Stratim Cloud Acquisition Corp..
- 2 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 03 May 2022, 16:33.
Key filing fact
Ownership activity is grounded in SEC Form 4 disclosures.
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
Other
Other
Additional SEC filing notes
Footnote 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.
Footnote 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.
Footnote 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.
Footnote 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.
SEC 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.