Petit Monts LLC sells 25,000 American Drive (ADACU) shares
Rhea-AI Filing Summary
Petit Monts LLC, a 10% owner of American Drive Acquisition Co, reported an insider sale of Class B ordinary shares. On February 6, 2026, it sold 25,000 Class B shares to Nitin Kumar for $108.70, or about $0.004 per share, in connection with his appointment to the board.
After this sale, Petit Monts LLC beneficially owns 5,650,000 Class B ordinary shares. These Class B shares have no expiration date and automatically convert into Class A ordinary shares on a one-for-one basis at the time of the company’s initial business combination, or earlier at the holder’s option.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Petit Monts LLC
Role
10% Owner
Sold
25,000 shs ($100.00)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class B ordinary shares | 25,000 | $0.004 | $100.00 |
Holdings After Transaction:
Class B ordinary shares — 5,650,000 shares (Direct)
Footnotes (2)
- F1. As described in American Drive Acquisition Company's (the "Issuer") registration statement on Form S-1 (File No. 333-290625), the Class B ordinary shares have no expiration date and will automatically convert into Class A ordinary shares 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 adjustment.
- F2. On February 6, 2026, Petit Monts LLC sold 25,000 Class B ordinary shares to Nitin Kumar for $108.70, or approximately $0.004 per share, in connection with Mr. Kumar's appointment to the board of directors of the Issuer.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Petit Monts LLC report for American Drive Acquisition Co (ADACU)?
Petit Monts LLC reported selling 25,000 Class B ordinary shares of American Drive Acquisition Co on February 6, 2026. The sale was to Nitin Kumar for $108.70 total, or roughly $0.004 per share, in connection with his board appointment.