Leader's Advantage (LEDR) President Chakrabarti Acquires 25,000 Shares

What Happened
Raj Chakrabarti, President of Leader's Advantage Acquisition Corp. (LEDR), was assigned 25,000 Class B ordinary shares on September 21, 2026. The shares were recorded as a derivative acquisition at $0.01 per share (total value $150) under transaction code J (other acquisition/disposition). The assignment was made by the Sponsor pursuant to a securities purchase agreement.

Key Details

• Transaction date: 2026-09-21; Form 4 filed: 2026-09-23 (filed within the typical Form 4 reporting window).
• Price: $0.01 per share; Total value reported: $150.
• Amount acquired: 25,000 Class B ordinary shares (derivative).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes:
  • F1 — Class B ordinary shares convert one-for-one into Class A ordinary shares upon the issuer’s initial business combination (subject to anti-dilution adjustments) and have no expiration; they may be forfeited under certain conditions tied to Mr. Chakrabarti’s Board service.
  • F2 — The 25,000 Class B shares were assigned to Mr. Chakrabarti by the Sponsor under a securities purchase agreement dated September 21, 2026.
• Transaction type: assignment/issuance by Sponsor (not an open-market trade).

Context
Class B ordinary shares in SPAC structures are typically a founder/sponsor share class that convert into public Class A shares upon a successful business combination. This entry reflects an internal assignment from the Sponsor to the company insider rather than a market purchase or sale; it is recorded as a derivative because the shares convert into Class A shares upon the merger event and may carry forfeiture conditions.