Sec Form 4 Filing - Stratim Cloud Acquisition, LLC @ Stratim Cloud Acquisition Corp. - 2022-05-01

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Stratim Cloud Acquisition, LLC
2. Issuer Name and Ticker or Trading Symbol
Stratim Cloud Acquisition Corp. [ SCAQ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
100 WEST LIBERTY STREET, SUITE 100,
3. Date of Earliest Transaction (MM/DD/YY)
05/01/2022
(Street)
RENO, NV89501
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class B common stock ( 1 ) 05/01/2022 J( 2 ) 12,500 ( 1 ) ( 1 ) Class A common stock 12,500 ( 2 ) 5,664,500 D( 3 )
Class B common stock ( 1 ) 05/01/2022 J( 4 ) 25,000 ( 1 ) ( 1 ) Class A common stock 25,000 ( 4 ) 5,639,500 D( 3 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Stratim Cloud Acquisition, LLC
100 WEST LIBERTY STREET, SUITE 100
RENO, NV89501
X X
Ravi Sreekanth
C/O STRATIM CLOUD ACQUISITION CORP.
100 WEST LIBERTY STREET, SUITE 100
RENO, NV89501
X X
Signatures
Stratim Cloud Acquisition, LLC, By: /s/ Sreekanth Ravi, Member 05/03/2022
Signature of Reporting Person Date
/s/ Sreekanth Ravi 05/03/2022
Signature of Reporting Person Date
Explanation of Responses:
( 1 )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.
( 2 )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.
( 3 )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.
( 4 )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.

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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