LEDR CEO Paritosh Chakrabarti Disposes 95,000 Shares

What Happened
Paritosh M. Chakrabarti, CEO of Leader's Advantage Acquisition Corp. (LEDR), is reported as having disposed of 95,000 Class B ordinary shares in an "other acquisition or disposition" (transaction code J). The Form 4 lists a per-share price of $0.01 and total proceeds of $570; the aggregate amount corresponds to $0.006 per share (see footnote F2). This was a derivative transaction involving shares held by the Sponsor rather than a direct open-market sale of Class A shares.

Key Details

• Transaction date: 2026-09-21; Form 4 filed: 2026-09-23 (filed two days after the transaction, within the typical 2-business-day Form 4 window).
• Reported transaction: Disposal of 95,000 Class B ordinary shares; price reported $0.01 per share with total value $570 (the total aligns with $0.006/share per footnote F2).
• Shares after transaction: The filing does not state Chakrabarti’s personal direct holdings; these 95,000 Class B shares were held by the Sponsor (see F3).
• Notable footnotes:
  • F1: Class B shares automatically convert 1-for-1 into Class A shares at the time of the issuer’s initial business combination (no expiration).
  • F2: Sponsor assigned 95,000 Class B shares at $0.006 per share to certain officers/advisors in connection with the IPO.
  • F3: The Class B shares are held directly by the Sponsor. Dr. Chakrabarti is the Sponsor’s sole managing member and has voting/dispositive control over Sponsor-held shares and may be deemed the beneficial owner; he disclaims beneficial ownership where he has no pecuniary interest.
• Filing timeliness: Not late — filed two days after the transaction.

Context
This was a derivative disposition of Sponsor-held Class B shares, not a standard open-market sale of Class A shares. Class B shares convert to Class A upon an initial business combination, so the economic effect depends on future corporate events. The reported proceeds ($570) are immaterial in size. The filing reflects control/attribution reasons (Chakrabarti’s role with the Sponsor) rather than a clear personal cashing-out signal.