Arqit Quantum (NASDAQ: ARQQ) director discloses warrants, RSUs and share holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Arqit Quantum Inc. director Lefebvre d'Ovidio Manfredi filed an initial ownership report showing a mix of direct and indirect positions in ordinary shares, warrants, and restricted stock units. Through Heritage Assets SCSP, the director beneficially owns 746,618 Business Combination Warrants equivalent to 29,864.72 ordinary shares, plus Ordinary Share Purchase Warrants exercisable for 4,600,000 ordinary shares at an exercise price of $2.50 per share and additional warrants for 230,769 ordinary shares at $19.50 per share. The filing also lists several grants of restricted stock units, each representing a contingent right to receive one ordinary share, with vesting schedules running through dates including 2026, 2027, and 2028, as well as direct and indirect holdings of ordinary shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
Lefebvre d'Ovidio Manfredi
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Business Combination Warrants (right to buy) | -- | -- | -- |
| holding | Ordinary Share Purchase Warrants (right to buy) | -- | -- | -- |
| holding | Ordinary Share Purchase Warrants (right to buy) | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Business Combination Warrants (right to buy) — 29,864.72 shares (Indirect, beneficially owned through Heritage Assets SCSP);
Ordinary Share Purchase Warrants (right to buy) — 4,600,000 shares (Indirect, beneficially owned through Heritage Assets SCSP);
Restricted Stock Units — 100 shares (Direct);
Ordinary Shares — 37,241 shares (Direct);
Ordinary Shares — 4,396,891 shares (Indirect, beneficially owned through Heritage Assets SCSP)
Footnotes (1)
- Each Business Combination Warrant has an exercise price of $11.50 and can be exercised at any time, at the holder's election, to purchase 0.04 of an ARQQ ordinary share, and cannot be exercised for fractional shares. Accordingly, holders of Business Combination Warrants are required to exercise at least 25 Business Combination Warrants in order to receive one whole ARQQ ordinary share at an aggregate exercise price of $287.50 per whole ARQQ ordinary share. The reporting person beneficially owns 746,618 Business Combination Warrants, which, if exercised in full, would be equivalent to 29,864.72 ARQQ ordinary shares. Each Ordinary Share Purchase Warrant can be exercised at any time, at the holder's election, to purchase one ARQQ ordinary share. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one ARQQ ordinary share. The RSUs vest quarterly in equal installments on April 1, and July 1, 2026. Each RSU represents a contingent right to receive one ARQQ ordinary share. The RSUs vest quarterly in equal installments on April 1, July 1, and October 1, 2026, and January 1, April 1, and July 1, 2027. Each RSU represents a contingent right to receive one ARQQ ordinary share. The RSUs vest quarterly in equal installments on April 1, July 1, and October 1, 2026, and January 1, April 1, July 1, and October 1, 2027. Each RSU represents a contingent right to receive one ARQQ ordinary share. 501 RSUs vest on April 1, 2026 and the remaining RSUs vest quarterly in equal installments on July 1, and October 1, 2026, and January 1, April 1, July 1, and October 1, 2027, and January 1, April 1, July 1, and October 1, 2028.
FAQ
What insider holdings does ARQQ director Lefebvre d'Ovidio Manfredi report on Form 3?
The director reports direct and indirect holdings in ARQQ ordinary shares, warrants, and restricted stock units. Indirect positions are held through Heritage Assets SCSP, while restricted stock units represent contingent rights to receive ordinary shares under specified vesting schedules extending into 2028.
What are the vesting terms for ARQQ restricted stock units in this filing?
Each restricted stock unit represents a contingent right to one ARQQ ordinary share. Various RSU grants vest in equal quarterly installments on dates including April 1, July 1, and October 1 of 2026 and 2027, with one grant extending through quarterly dates in 2028.