Stratim Cloud Acquisition, LLC - 01 May 2022 Form 4 Insider Report for Stratim Cloud Acquisition Corp.

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
03 May 2022, 16:33:40 UTC
Prior SEC filing
22 Jun 2021
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Stratim Cloud Acquisition, LLC, By: /s/ Sreekanth Ravi, Member

Key filing fact

Stratim Cloud Acquisition, LLC filed Form 4 for Stratim Cloud Acquisition Corp. on 03 May 2022.

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.

Change

  • Previous filing in this sequence was filed on 22 Jun 2021.
  • Current net transaction value: $0.

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.

SCAQ transaction Derivative

Class B common stock

Other

Transaction value
Shares
+12,500
Change %
+0.22%
Price
Shares after
5,664,500
Date
01 May 2022
Ownership
Direct
Underlying class
Class A common stock
Underlying amount
12,500
Exercise price
Footnotes
F1, F2, F3
SCAQ transaction Derivative

Class B common stock

Other

Transaction value
Shares
-25,000
Change %
-0.44%
Price
Shares after
5,639,500
Date
01 May 2022
Ownership
Direct
Underlying class
Class A common stock
Underlying amount
25,000
Exercise price
Footnotes
F1, F3, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

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.

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