Petit Monts LLC 4

What Happened

• Petit Monts LLC (reported as a 10% owner) sold 25,000 Class B ordinary shares of American Drive Acquisition Co. on February 6, 2026. Footnote disclosure states the shares were sold to Nitin Kumar for $108.70 total (approximately $0.004 per share) in connection with Mr. Kumar’s appointment to the issuer’s board.
• The Form 4 entry treated the transaction as a derivative disposition and reported an aggregate value of $100 and a per-share price of $0.00; the filing footnote clarifies the actual cash consideration of $108.70.

Key Details

• Transaction date: 2026-02-06 (filing date: 2026-02-06 — appears timely)
• Reported on Form 4 as: Sale (S) of 25,000 Class B ordinary shares; Form 4 shows $0.00 per share and $100 aggregate derivative value; footnote F2 reports actual proceeds $108.70 (~$0.004/share).
• Shares owned after transaction: Not specified in the filing.
• Notable footnotes: F1 explains Class B shares convert one-for-one into Class A shares at the SPAC’s business combination (or earlier at holder’s option). F2 explains the sale to Nitin Kumar was tied to his board appointment.
• Exhibit: 24.1 Power of Attorney included.

Context

• The seller is a 10% owner entity (institutional/owner-level transaction), not an individual executive. The amount involved is very small in dollar terms (~$109), and the filing indicates the transfer was related to a board appointment rather than a typical open-market investment decision.
• The shares are Class B ordinary shares that convert into Class A ordinary shares upon the issuer’s initial business combination, which is why the transaction is shown with derivative reporting — the economic interest converts later.