Arqit director entity sells 133 ARQQ warrants
Arqit Quantum Inc. director Lefebvre d'Ovidio Manfredi, through Heritage Assets SCSp, reported open-market sales of 133 Business Combination Warrants linked to ARQQ ordinary shares.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Arqit Quantum Inc. director Lefebvre d'Ovidio Manfredi, through Heritage Assets SCSp, reported open-market sales of 133 Business Combination Warrants linked to ARQQ ordinary shares. The sales occurred on two dates at weighted average prices within disclosed ranges, and the reporting person continues to beneficially own a large remaining warrant position equivalent to 14,658.52 ordinary shares on a post-reverse-split basis.
Insider Trade Summary
Net Seller: 133 shares
Net Sell
2 txns
Insider
Lefebvre d'Ovidio Manfredi
Role
Director
Sold
133 shs ($166.80)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Business Combination Warrants (right to buy) | 97 | $1.20 | $116.40 |
| Sale | Business Combination Warrants (right to buy) | 36 | $1.40 | $50.40 |
Holdings After Transaction:
Business Combination Warrants (right to buy) — 29,414.2 contracts (Indirect, Beneficially owned through Heritage Assets SCSp)
Footnotes (3)
- F1. On September 19, 2024, the Issuer announced the implementation of a reverse stock split whereby every 25 outstanding ARQQ ordinary shares were consolidated into one ordinary share, par value $0.0025 per share. 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 on a post-reverse stock split basis, and cannot be exercised for fractional shares. Accordingly, on a post-reverse stock split basis 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 366,463 Business Combination Warrants, which, if exercised in full, would be equivalent to 14,658.52 ARQQ ordinary shares on a post-reverse stock split basis.
- F2. The price reported is a weighted average price. The Business Combination Warrants were sold in multiple transactions at prices ranging from $1.35 to $1.40 per Business Combination Warrant, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission (the "Commission"), upon request, full information regarding the number of Business Combination Warrants sold at each separate price within the range set forth in this footnote.
- F3. The price reported is a weighted average price. The Business Combination Warrants were sold in multiple transactions at prices ranging from $1.07 to $1.32 per Business Combination Warrant, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Commission, upon request, full information regarding the number of Business Combination Warrants sold at each separate price within the range set forth in this footnote.
Key Figures
Warrants sold: 133 Business Combination Warrants
First sale size: 36 Business Combination Warrants
Second sale size: 97 Business Combination Warrants
+5 more
8 metrics
Warrants sold
133 Business Combination Warrants
Total across two open-market sales
First sale size
36 Business Combination Warrants
Open-market sale on 2026-07-02
Second sale size
97 Business Combination Warrants
Open-market sale on 2026-07-06
Price range 1
$1.35–$1.40 per warrant
Weighted-average range for one transaction
Price range 2
$1.07–$1.32 per warrant
Weighted-average range for the other transaction
Exercise price
$11.50 per warrant
Exercise price for each Business Combination Warrant
Warrants beneficially owned
366,463 warrants
Beneficially owned through Heritage Assets SCSp
Ordinary share equivalent
14,658.52 ARQQ shares
If all warrants exercised, post-reverse split
Key Terms
Business Combination Warrants, reverse stock split, weighted average price, beneficially owns, +1 more
5 terms
Business Combination Warrants financial
"The reporting person beneficially owns 366,463 Business Combination Warrants, which, if exercised in full..."
reverse stock split financial
"the Issuer announced the implementation of a reverse stock split whereby every 25 outstanding ARQQ ordinary shares..."
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
weighted average price financial
"The price reported is a weighted average price. The Business Combination Warrants were sold in multiple transactions..."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
beneficially owns financial
"The reporting person beneficially owns 366,463 Business Combination Warrants, which, if exercised in full..."
Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.
Securities and Exchange Commission regulatory
"the staff of the Securities and Exchange Commission (the "Commission"), upon request, full information..."
A national government agency that enforces rules for buying, selling and disclosing information about stocks and other investments, acting like a referee and scorekeeper for financial markets. It requires companies to share clear, regular financial and business information and investigates fraud or rule-breaking, which matters to investors because those rules and disclosures help ensure fair prices, reduce hidden risks and make it easier to compare investment choices.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Arqit Quantum (ARQQ) insider Lefebvre d'Ovidio Manfredi report on this Form 4?
The filing reports that director Lefebvre d'Ovidio Manfredi, via Heritage Assets SCSp, sold Business Combination Warrants in open-market transactions. These derivative securities are linked to Arqit Quantum ordinary shares, and the transactions modestly reduced an otherwise large warrant position.
How many Arqit Quantum (ARQQ) Business Combination Warrants were sold in the reported transactions?
The transactions show total sales of 133 Business Combination Warrants. They were executed in two batches, one for 36 warrants and another for 97 warrants, representing a very small fraction of the reporting person’s overall beneficially owned warrant holdings.
At what prices were the Arqit Quantum (ARQQ) Business Combination Warrants sold?
The filing discloses weighted average prices, with one sale range from $1.35 to $1.40 per warrant and another from $1.07 to $1.32 per warrant. Exact breakdowns by price are available on request from the reporting person, the issuer, or the SEC staff.
How many Arqit Quantum (ARQQ) warrants does the reporting person still beneficially own after these sales?
The reporting person beneficially owns 366,463 Business Combination Warrants after the transactions. If fully exercised, these warrants would equal 14,658.52 ARQQ ordinary shares on a post-reverse stock split basis, indicating that the reported sales are small relative to the remaining position.
What are the key terms of Arqit Quantum (ARQQ) Business Combination Warrants mentioned in the filing?
Each Business Combination Warrant has an exercise price of $11.50 and, post-reverse split, entitles the holder to purchase 0.04 of an ARQQ ordinary share. Holders must exercise at least 25 warrants to receive one whole share at an aggregate exercise price of $287.50.
How did Arqit Quantum’s reverse stock split affect its Business Combination Warrants?
Following a reverse stock split where every 25 ordinary shares became one share, each warrant now represents the right to purchase 0.04 of a post-split share. As a result, at least 25 warrants are required to receive one whole ARQQ ordinary share under the adjusted terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
