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Petit Monts LLC trims American Drive Acquisition (ADACU) stake with Class B share sale

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Petit Monts LLC, a 10% owner of American Drive Acquisition Co, reported a sale of derivative securities tied to the company. On February 6, 2026, Petit Monts LLC sold 25,000 Class B ordinary shares for $108.70, or about $0.004 per share, in connection with Nitin Kumar’s appointment to the board.

Following this transaction, Petit Monts LLC beneficially owns 5,650,000 Class B ordinary shares. These Class B shares have no expiration date and will automatically convert into Class A ordinary 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.

Positive

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SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Petit Monts LLC

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

(Street)
WASHINGTON DC 20036

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
American Drive Acquisition Co [ ADAC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
02/06/2026
4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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 ordinary shares (1)(2) 02/06/2026 S(2) 25,000 (1) (1) Class A ordinary shares 25,000 $0.004(2) 5,650,000 D
Explanation of Responses:
1. 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.
2. 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.
Remarks:
Exhibit 24.1 - Power of Attorney
/s/ Spencer Cercone, Attorney-in-Fact for Petit Monts LLC 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 4 (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 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 shares were sold for total proceeds of $108.70, or about $0.004 per share, and were disclosed as a derivative securities transaction.

How many American Drive Acquisition Co shares does Petit Monts LLC own after this Form 4?

After the reported transaction, Petit Monts LLC beneficially owns 5,650,000 Class B ordinary shares of American Drive Acquisition Co. These holdings are reported as derivative securities that can convert into Class A ordinary shares on a one-for-one basis, subject to adjustment.

What was the price and total value of the Petit Monts LLC share sale in ADACU?

Petit Monts LLC sold 25,000 Class B ordinary shares for approximately $0.004 per share, totaling $108.70. This low per-share price reflects founder-style Class B shares that are structured to convert into Class A ordinary shares at the company’s initial business combination.

Why did Petit Monts LLC transfer shares related to American Drive Acquisition Co?

According to the disclosure, Petit Monts LLC sold 25,000 Class B ordinary shares to Nitin Kumar in connection with his appointment to American Drive Acquisition Co’s board of directors. The transaction aligns share ownership with a new director’s role at the company.

How do American Drive Acquisition Co Class B shares held by Petit Monts LLC convert?

The Class B ordinary shares have no expiration date and will automatically convert into Class A ordinary shares at the time of American Drive Acquisition Co’s initial business combination, or earlier at the holder’s option, on a one-for-one basis, subject to adjustment provisions.

Is Petit Monts LLC considered a major shareholder of American Drive Acquisition Co?

Petit Monts LLC is identified as a 10% owner of American Drive Acquisition Co in the Form 4. This status means it holds at least ten percent of a class of the company’s securities, triggering ongoing insider reporting obligations under U.S. securities laws.
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