Petit Monts LLC sells 25,000 American Drive Class B
Petit Monts LLC, a 10% owner of American Drive Acquisition Co, reported an insider sale of Class B ordinary shares.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class B ordinary shares | 25,000 | $0.004 | $100.00 |
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.
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What insider transaction did Petit Monts LLC report for American Drive Acquisition Co (ADACU)?
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