When you say is it flat, I wonder are you talking about the entire 4x8' sheet? It never really has been Big box or specialty supplier. If you are using a 4x8 piece it is never alone, it's always as a sheathing, or framed in sides of something. Usually in a project you aren't using the entire piece, and just like a length of solid wood with a twist, or bend, once you cut it into a shorter piece that becomes less so. SO the quick and dirty answer, and one you probably don't want to hear is that piece of 28" x 36" (probably max size for a sled) is pretty darn flat, and once you attach a solid back fence, and especially if you attach a front fence it will be really flat. If it is not, then I'd suggest that it is you at fault, and your piece of ply isn't square doing a 5 cut, and things become worse when you try to treat it as square you are torquing it into a wad. Wads aren't flat.
Instead of blaming the plywood, let's look at the problem. I'd back you up to your method of how the "sled" got to be cut, was your saw set up square. and did the resulting cuts come out with 4, 90* corners, with lengths equal to widths? It really is easy to make an error trying to do that.
Over dramatization
What you really are looking to have. Lengths are identical, as are the widths. Actually harder to make than one would imagine
I have cut a LOT of plywood, and will agree in the 4x8 size it has floppy edges that make it appear to be non flat. Cutting it down to a smaller size, and especially stiffened with solid wood across one or all 4 outer edges, well I've not seen non flat ply. I've seen non square cuts though.
I will not argue plywood has become cheap, and the plies are a lot thinner, but if you lay any of it in a dead flat surface, and frame it's perimeter, it will calm down.
Follow the instruction EXACTLY from this video, and see if your plywood doesn't behave nicely.
https://www.youtube.com/watch?v=UbG-n--LFgQ