4//SEC Filing
Sierra Lake Sponsor LLC 4
Accession 0000899243-21-042342
CIK 0001844135other
Filed
Nov 1, 8:00 PM ET
Accepted
Nov 2, 3:36 PM ET
Size
6.2 KB
Accession
0000899243-21-042342
Insider Transaction Report
Form 4
Sierra Lake Sponsor LLC
10% Owner
Transactions
- Disposition to Issuer
Class B common stock
2021-10-29−1,125,000→ 7,500,000 total→ Class A common stock (1,125,000 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 and have no expiration date.
- [F2]As contemplated in connection with the initial public offering of the Issuer, 1,125,000 shares of Class B common stock of the Issuer were forfeited by Sierra Lake Sponsor LLC (the "Sponsor") to the Issuer for no consideration and cancelled because the underwriters of the Issuer's initial public offering did not exercise their over-allotment option as described in the Issuer's registration statement.
Documents
Issuer
Sierra Lake Acquisition Corp.
CIK 0001844135
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001844128
Filing Metadata
- Form type
- 4
- Filed
- Nov 1, 8:00 PM ET
- Accepted
- Nov 2, 3:36 PM ET
- Size
- 6.2 KB