Sierra Lake Sponsor LLC 4
4 · Sierra Lake Acquisition Corp. · Filed Sep 21, 2021
Insider Transaction Report
Form 4
Sierra Lake Sponsor LLC
10% Owner
Transactions
- Sale
Class B common stock, par value $0.0001 per share
2021-09-17$0.00/sh−1,875,000$5,625→ 6,750,000 total→ Class A common stock, par value $0.0001 per share (1,875,000 underlying)
Footnotes (2)
- [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.
- [F2]Includes 1,125,000 shares of Class B Common Stock that are subject to forfeiture if the underwriter in the Issuer's initial public offering does not exercise its over-allotment option in full.