Arqit (ARQQ) Form 144: 1,336 Vested Shares to Be Sold on 10/02/2025
Rhea-AI Filing Summary
The filing is a Form 144 notice for Arqit Quantum Inc. (ARQQ) reporting a proposed sale of 1,336 common shares through Fidelity Brokerage Services LLC on 10/02/2025. The filing states an aggregate market value of $57,596.30 and shows 11,545,354 shares outstanding. The shares were acquired on 10/01/2025 via restricted stock vesting with payment characterized as compensation. The form also discloses three sales by Patrick Willcocks during July 2025 totaling 5,373 shares for gross proceeds of $249,857.77. The filer attests they are not aware of undisclosed material adverse information about the issuer.
Positive
- Acquisition method disclosed: shares acquired by restricted stock vesting on 10/01/2025
- Broker identified: sale to be executed via Fidelity Brokerage Services LLC
- Prior sales fully reported: July 2025 sales totaling 5,373 shares for $249,857.77
Negative
- Insider intends to sell recently vested shares: 1,336 shares (aggregate value $57,596.30)
- Filer attestation required: signer affirms no undisclosed material adverse information (absence of such information is not proven)
Insights
Insider is selling recently vested shares; trade size is small relative to outstanding stock.
The notice reports an insider sale plan to sell 1,336 shares that vested on 10/01/2025, to be executed through Fidelity on 10/02/2025, with a stated market value of $57,596.30. Compared with the issuer's 11,545,354 shares outstanding, the proposed sale represents a small fraction of total equity.
Form 144 disclosures appear to follow Rule 144 mechanics and include recent prior sales.
The form discloses acquisition method (restricted stock vesting), payment as compensation, and aggregates prior sales by the same person in July 2025 (5,373 shares; $249,857.77). The signer affirms absence of undisclosed material adverse information, consistent with the form's attestation requirement.