Automatic Securities Disposition Plan Adopted by Xanadu Chief Operating Officer

Shares potentially sold may include existing holdings and shares issued upon vesting or exercise of compensation awards.

Rhea-AI Summary

Xanadu Quantum Technologies (XNDU) announced that Chief Operating Officer Rafal Janik adopted an automatic plan to sell his Class B Subordinate Voting Shares.

The plan permits sales of up to 312,914 shares, eligible to begin on or after December 29, 2026, and will terminate no later than December 31, 2027. An independent securities broker will execute sales under pre-arranged trading instructions, prices and other restrictions. Janik entered the plan without possessing material non-public information about Xanadu. The company-approved plan restricts his ability to modify, suspend or terminate it.

Positive

• None.

Negative

• Minor point. Forward-looking: it has not happened yet and may not happen.COO Rafal Janik's plan permits selling up to 312,914 Class B shares beginning on or after December 29, 2026.

News Explained

The plan’s up-to-312,914-share sale pool may include shares Janik already holds and shares issued to him when compensation options or restricted share units vest or are exercised, so it is not necessarily limited to his current holdings.

Key Figures

Maximum shares under plan: 312,914 Class B Shares Earliest eligible sales: December 29, 2026 Plan termination deadline: December 31, 2027

Maximum shares under plan

312,914 Class B Shares

Maximum amount covered by the disposition plan

Earliest eligible sales

December 29, 2026

Sales may commence on or after this date

Plan termination deadline

December 31, 2027

The plan will terminate no later than this date

Historical Context

1 past event · Latest: Sep 22

1 event

1. Sep 22

   Insider share sale

   24h Move

   -8.1%

   CEO disclosed a sale of Class B shares, providing a prior example of insider share dispositions.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

automatic securities disposition plan, material non-public information, restricted share units

3 terms

automatic securities disposition plan regulatory

"entered into an automatic securities disposition plan"

An automatic securities disposition plan is a pre-set program that sells or transfers a person’s or entity’s shares on a scheduled or trigger-based routine without further decisions at the time of each sale. It matters to investors because such plans increase the predictability of when new shares may enter the market—like an automatic bill payment for stock—reducing questions about insider timing and helping assess potential short-term pressure on a company’s share price.

material non-public information regulatory

"not in possession of material non-public information regarding Xanadu"

Material non-public information is important news about a company that hasn't been shared with the public yet, like a secret that could affect its stock price. Using this inside information to buy or sell stocks is unfair and illegal because it gives someone an unfair advantage over others who don’t have the same info.

restricted share units financial

"options and restricted share units granted to Mr. Janik"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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TORONTO, Sept. 30, 2026 (GLOBE NEWSWIRE) -- Xanadu Quantum Technologies Limited (“Xanadu”; NASDAQ/TSX: XNDU), a leading photonic quantum computing company, today announced that Rafal Janik, Xanadu's Chief Operating Officer, has entered into an automatic securities disposition plan (the “Plan”) to sell Class B Subordinate Voting Shares of Xanadu ("Class B Shares") held directly by Mr. Janik. The Plan has been adopted in accordance with applicable securities laws and Xanadu’s internal policies. Sales of Class B Shares under the Plan are eligible to commence on or after December 29, 2026.

The Plan was entered into when Mr. Janik was not in possession of material non-public information regarding Xanadu and permits trades to be made in accordance with pre-arranged instructions given when Mr. Janik is not in possession of material non-public information regarding Xanadu. The Plan provides for the sale of up to 312,914 Class B Shares and will terminate no later than December 31, 2027. The Class B Shares that could potentially be disposed of under the Plan may include Class B Shares, currently held, directly or indirectly, by Mr. Janik and Class B Shares issued to Mr. Janik upon vesting and/or exercise of options and restricted share units granted to Mr. Janik as compensation for his services as Chief Operating Officer. Sales of Class B Shares under the Plan will be effected by an independent securities broker in accordance with the trading parameters, price and other restrictions and instructions set out in the Plan. The Plan has been authorized and established in the form approved by Xanadu and contains meaningful restrictions on the ability of Mr. Janik to modify, suspend or terminate the Plan.

This announcement is made and will be available on SEDAR+ at www.sedarplus.ca pursuant to the recommended practices set forth in Staff Notice 55-317 Automatic Securities Disposition Plans of the Canadian Securities Administrators. Information regarding the Plan and transactions thereunder, as the case may be, may be accessed on SEDI at www.sedi.ca.

About Xanadu

Founded in 2016, Xanadu is a Canadian photonic quantum computing company with the mission to build quantum computers that are useful and available to people everywhere. Xanadu is building fault-tolerant quantum computers using light, with systems designed to compute at room temperature. Xanadu develops both hardware and software, including PennyLane, its open-source quantum computing platform. Xanadu is the first pure-play photonic quantum computing company to list on public markets (Nasdaq/TSX: XNDU) and is recognized globally for its breakthroughs in scalable quantum technologies. Visit xanadu.ai or follow on X @XanaduAI.

Contacts

Press Contact:press@xanadu.ai
Investor Relations:investors@xanadu.ai

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many Xanadu shares can Rafal Janik sell under his automatic disposition plan, and when?

The plan permits sales of up to 312,914 Class B Subordinate Voting Shares on or after December 29, 2026. It will terminate no later than December 31, 2027. These are permitted sales, not completed transactions.

Which Xanadu shares may be sold under Rafal Janik's disposition plan?

Potential sales may include existing shares held directly or indirectly by Janik and shares issued upon vesting or exercise of options and restricted share units. Those awards were granted as compensation for his services as Chief Operating Officer.

Where can investors find information about Rafal Janik's Xanadu share-sale plan and transactions?

Information about the plan and transactions under it, as applicable, may be accessed on SEDI at www.sedi.ca. The announcement will also be available on SEDAR+ at www.sedarplus.ca.