Arqit insider sale filed: 1,353 vested shares to be sold on NASDAQ
Rhea-AI Filing Summary
Arqit Quantum Inc. insider Patrick Willcocks filed a Form 144 proposing to sell 1,353 restricted common shares that vested on 10/02/2025, with an aggregate market value of $67,893.13 and an approximate sale date of 10/03/2025. The filing lists the broker as Fidelity Brokerage Services LLC on NASDAQ. The notice also discloses four prior sales by the same individual within the past three months totaling 6,709 shares for aggregate gross proceeds of $315,463. + (individual sales: 373 on 07/07/2025, 2,000 on 07/18/2025, 3,000 on 07/21/2025, and 1,336 on 10/02/2025).
Positive
- Form 144 filed for proposed sale, satisfying SEC disclosure requirements
- Acquisition source disclosed as Restricted Stock Vesting on 10/02/2025
- Broker identified as Fidelity Brokerage Services LLC and exchange as NASDAQ
Negative
- Recent insider sales total 6,709 shares in past three months for ~$315,463
- Proposed sale the day after vesting (vested 10/02/2025, sale ~10/03/2025)
Insights
TL;DR: Insider plans to sell 1,353 vested shares (≈$67,893) via Fidelity on NASDAQ.
The Form 144 shows the shares were acquired through restricted stock vesting on 10/02/2025 and the proposed sale date is 10/03/2025. This is a routine disclosure required when insiders propose public sales.
The filing also lists four prior sales by the same person in the past three months totaling 6,709 shares for gross proceeds of about $315,463, which provides clear transaction history over the recent quarter.
TL;DR: Filing properly discloses broker, acquisition nature, and representation about material non-public information.
The notice names Fidelity Brokerage Services LLC as broker and includes the required representation that the seller does not possess undisclosed material adverse information. The transaction source is explicitly stated as compensation for restricted stock vesting.
No other compliance exceptions or alternative trading-plan dates are disclosed in the form.