Sierra Lake Sponsor LLC 3
3 · Sierra Lake Acquisition Corp. · Filed Sep 14, 2021
Insider Transaction Report
Form 3
Sierra Lake Sponsor LLC
10% Owner
Holdings
Class B common stock, par value $0.0001 per share
→ Class A common stock, par value $0.0001 per share (8,625,000 underlying)
Footnotes (2)
- [F1]As described in the Issuer's registration statement on Form S-1 (No. 333-253479), 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 and have no expiration date.
- [F2]These shares represent the shares of Class B common stock held directly by Sierra Lake Sponsor LLC (the "Sponsor"), acquired pursuant to a subscription agreement by and between the Sponsor and the Issuer. The shares of Class B common stock owned by the Sponsor include up to 1,125,000 shares that are subject to forfeiture in the event the underwriters of the initial public offering of the Issuer's securities do not exercise their over-allotment option in full as described in the Issuer's registration statement.