Chakrabarti Paritosh M. sold LEDRU
October 29, 2026 · Form 4 insider transaction
Chakrabarti Paritosh M. sold 400,000 shares of LEDRU at $0.01 per share, a transaction worth $2.4K. The trade was recorded as j and disclosed on an SEC Form 4, filed 4 days after the transaction.
Footnotes
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.; Leader's Advantage Company, LLC (the "Sponsor") forfeited an aggregate of 400,000 Class B ordinary shares on October 29, 2026 in connection with notice from the underwriters in the Company's initial public offering that they did not intend to exercise their over-allotment option with respect to 1,600,00 Class A ordinary shares. The underwriters exercised their over-allotment option with 650,000 Class A shares on October 29, 2026.; These Class B ordinary shares are held directly by the Sponsor. Dr. Paritosh M. Chakrabarti is the sole managing member of the Sponsor and holds voting and dispositive control over the shares held by the Sponsor and may be deemed the beneficial owner of such shares. Dr. Chakrabarti disclaims beneficial ownership over any securities owned by the Sponsor in which he does not have any pecuniary interest.