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Nitin Kumar (ADACU) discloses 25,000 Class B shares convertible to Class A

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

American Drive Acquisition Co director Nitin Kumar disclosed his initial ownership of derivative securities linked to the company. He beneficially owns Class B ordinary shares that are directly held and are convertible into Class A ordinary shares.

The filing shows 25,000 Class A ordinary shares underlying these Class B ordinary shares. According to the terms, the Class B shares have no expiration date and will automatically convert to Class A shares at the time of the company’s initial business combination, or earlier at the holder’s option, on a one-for-one basis, subject to adjustment described in the company’s registration statement.

Positive

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Negative

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SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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OMB Number: 3235-0104
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1. Name and Address of Reporting Person*
KUMAR NITIN

(Last) (First) (Middle)
1050 CONNECTICUT AVE NW, SUITE 500

(Street)
WASHINGTON DC 20036

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
02/06/2026
3. Issuer Name and Ticker or Trading Symbol
American Drive Acquisition Co [ ADAC ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Class B ordinary shares (1) (1) Class A ordinary shares 25,000 (1) D
Explanation of Responses:
1. The shares of 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 as set forth in the Issuer's registration statement on Form S-1 (File No. 333-290625).
/s/ Nitin Kumar 02/06/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Nitin Kumar report in his Form 3 for American Drive Acquisition Co (ADACU)?

Nitin Kumar reported his initial beneficial ownership in American Drive Acquisition Co. He holds Class B ordinary shares that are directly owned and convertible into 25,000 Class A ordinary shares, documenting his director-level equity position as required under Section 16 rules.

How many shares are covered by Nitin Kumar’s Form 3 in ADACU?

The Form 3 indicates derivative holdings corresponding to 25,000 Class A ordinary shares. These are tied to Class B ordinary shares that automatically convert into Class A shares at the initial business combination or earlier at the holder’s option, on a one-for-one basis.

What are the terms of Nitin Kumar’s Class B ordinary shares in American Drive Acquisition Co?

Kumar’s Class B ordinary shares have no expiration date and convert into Class A ordinary shares. Conversion occurs automatically at the time of the initial business combination, or earlier at his option, on a one-for-one basis, subject to adjustment detailed in the company’s Form S-1.

Is Nitin Kumar’s ownership in ADACU direct or indirect?

The Form 3 classifies Nitin Kumar’s beneficial ownership as direct. The Class B ordinary shares, which are convertible into 25,000 Class A ordinary shares, are reported as directly held, with no separate entity or indirect ownership structure indicated in the disclosure.

What role does Nitin Kumar hold at American Drive Acquisition Co (ADACU)?

Nitin Kumar is identified as a director of American Drive Acquisition Co. His Form 3 filing reflects his position as an insider under SEC rules and reports his initial beneficial ownership of Class B ordinary shares that are convertible into Class A ordinary shares.

When is the conversion of ADACU Class B shares to Class A shares triggered?

The conversion is triggered at the time of American Drive Acquisition Co’s initial business combination. The Class B ordinary shares automatically convert into Class A ordinary shares then, or earlier at the holder’s option, using a one-for-one conversion ratio subject to specified adjustments.
AMERICAN DRIVE ACQUISITION CO

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