Petit Monts LLC sells 25,000 American Drive (ADACU) shares
Filing Impact
Filing Sentiment
Form Type
4
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
Net Seller: 25,000 shares ($100)
Net Sell
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 (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. 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.
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.