Leader's Advantage Director Acquires 15,000 Shares

The Class B shares convert into Class A shares at the issuer's initial business combination, subject to anti-dilution adjustment and service-related forfeiture terms.

Rhea-AI Filing Summary

Leader's Advantage Acquisition Corp. (LEDRU) director Andrew Ang acquired 15,000 Class B ordinary shares on September 21, 2026, through an assignment from Leader's Advantage Company, LLC, the Sponsor, in connection with his board appointment. The reported price was $0.006 per share, and his reported position after the transaction was 15,000 shares held directly. The shares automatically convert into Class A ordinary shares one-for-one at the issuer's initial business combination, subject to adjustment pursuant to certain anti-dilution rights, and are subject to forfeiture under certain circumstances relating to his board service. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Other: 15,000 shares

Other 1 txn

Insider Ang Andrew

Role Director

Type	Security	Shares	Price	Value
Other	Class B Ordinary Shares F1, F2	15,000	$0.006	$90.00

Holdings After Transaction: Class B Ordinary Shares — 15,000 contracts (Direct)

Footnotes (2)

1. F1. The Class B ordinary shares are automatically convertible into the shares of the Issuer's Class A ordinary shares at the time of the Issuer's initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, and have no expiration date. The Class B ordinary shares are subject to forfeiture under certain circumstances relating to Mr. Ang's service on the Issuer's Board of Directors.
2. F2. As contemplated by the securities purchase agreement between Leader's Advantage Company, LLC (the "Sponsor") and Mr. Ang, dated September 21, 2026, the Sponsor assigned 15,000 Class B ordinary shares to Mr. Ang in connection with Mr. Ang's appointment to the Issuer's Board of Directors.

Key Figures

Class B ordinary shares acquired: 15,000 shares Reported price per share: $0.006 per share Reported direct holdings after transaction: 15,000 shares +1 more

4 metrics

Class B ordinary shares acquired 15,000 shares September 21, 2026

Reported price per share $0.006 per share Transaction on September 21, 2026

Reported direct holdings after transaction 15,000 shares Class B ordinary shares

Conversion ratio One-for-one Class B ordinary shares convert into Class A ordinary shares at the initial business combination, subject to adjustment pursuant to certain anti-dilution rights

Key Terms

Class B ordinary shares, initial business combination, anti-dilution rights, forfeiture, +1 more

5 terms

Class B ordinary shares financial

"The Class B ordinary shares are automatically convertible"

Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.

initial business combination technical

"at the time of the Issuer's initial business combination"

An initial business combination is the deal in which a special-purpose acquisition company (SPAC) merges with or acquires an operating business to bring that business onto public markets. Think of the SPAC as an empty shell that raises money from investors, then uses that cash to buy a private company—this transaction turns the private company into a public one and often changes its ownership, valuation, and access to capital, so investors should watch for shifts in risk, future growth prospects, and shareholder rights.

anti-dilution rights financial

"subject to adjustment pursuant to certain anti-dilution rights"

forfeiture financial

"subject to forfeiture under certain circumstances"

securities purchase agreement financial

"As contemplated by the securities purchase agreement"

A securities purchase agreement is a written contract between a buyer and a seller outlining the terms for buying or selling financial assets such as stocks or bonds. It specifies details like the price, quantity, and conditions of the transaction, similar to a shopping list with agreed-upon terms. For investors, it provides clarity and legal protection when transferring ownership of these financial instruments.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares did LEDRU director Andrew Ang acquire, and at what price?

Andrew Ang acquired 15,000 Class B ordinary shares on September 21, 2026, at a reported price of $0.006 per share. Leader's Advantage Company, LLC, the Sponsor, assigned the shares to him in connection with his appointment to the issuer's board.

When and how do LEDRU Class B ordinary shares convert?

They automatically convert into Class A ordinary shares at the time of the issuer's initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights. The shares have no expiration date and are subject to forfeiture under certain circumstances relating to Andrew Ang's board service.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/23/2026 - 09:11 PM Accepted by SEC EDGAR 09/23/2026 - 09:10 PM Learn about SEC filing dates

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^*

Ang Andrew

(Last) (First) (Middle)

C/O LEADER'S ADVANTAGE ACQUISITION CORP.

1288 NJ-73, SUITE 401

(Street)

MT LAUREL TOWNSHIP NEW JERSEY 08054

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Leader's Advantage Acquisition Corp. [ LEDR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)	09/21/2026		J(2)		15,000		(1)	(1)	Class A Ordinary Shares	15,000	$0.006	15,000	D

Explanation of Responses:

1. The Class B ordinary shares are automatically convertible into the shares of the Issuer's Class A ordinary shares at the time of the Issuer's initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, and have no expiration date. The Class B ordinary shares are subject to forfeiture under certain circumstances relating to Mr. Ang's service on the Issuer's Board of Directors.

2. As contemplated by the securities purchase agreement between Leader's Advantage Company, LLC (the "Sponsor") and Mr. Ang, dated September 21, 2026, the Sponsor assigned 15,000 Class B ordinary shares to Mr. Ang in connection with Mr. Ang's appointment to the Issuer's Board of Directors.

	/s/ Andrew Ang, by Paul Weiss with Power of Attorney	09/23/2026
	** 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.
* Form 4: SEC 1474 (03-26)