Leader's Advantage (LEDR) Director George Constantinides Receives 15,000 Shares

What Happened George Michael Constantinides, a director of Leader's Advantage Acquisition Corp. (LEDR), was assigned 15,000 Class B ordinary shares on September 21, 2026. The shares were recorded at $0.01 each for a nominal total of $90. This was an assignment from the sponsor (not an open-market purchase) in connection with his appointment to the issuer's board.

Key Details

• Transaction date and type: 2026-09-21 — Other acquisition/disposition (code J); 15,000 Class B ordinary shares @ $0.01 each; total $90 (derivative).
• Filing date / timeliness: Form 4 filed 2026-09-23; filing appears within the normal 2‑business‑day window (no late filing indicated).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes of note:
  • F1: Class B ordinary shares automatically convert 1-for-1 into Class A ordinary shares upon the issuer's initial business combination (subject to anti-dilution adjustments and forfeiture rules tied to board service).
  • F2: The 15,000 Class B shares were assigned by the Sponsor under a securities purchase agreement dated September 21, 2026, tied to Mr. Constantinides' board appointment.

Context These Class B shares are SPAC‑style founder/sponsor shares that convert into public (Class A) shares when the company completes a business combination. Because the shares were assigned by the sponsor as part of director onboarding (not bought on the open market), the transaction is best viewed as a compensation/assignment event rather than a market signal of personal investment.