Arqit (NASDAQ: ARQQ) insider entity sells 150 business combination warrants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Arqit Quantum Inc. director Lefebvre d'Ovidio Manfredi reported that an associated entity, Heritage Assets SCSp, sold Business Combination Warrants linked to ARQQ ordinary shares. The entity sold 40 warrants on July 7, 2026 at a weighted average price of $1.17 and 110 warrants on July 8, 2026 at a weighted average price of $1.40 in open-market transactions.
Each Business Combination Warrant has an exercise price of $11.50 and, after a prior 1-for-25 reverse stock split, represents the right to purchase 0.04 ARQQ ordinary share, requiring 25 warrants to receive one whole share at an aggregate exercise price of $287.50 per share. Heritage Assets SCSp beneficially owns 362,721 warrants, equivalent to 14,508.84 ARQQ ordinary shares if fully exercised, so the 150 warrants sold represent a small portion of the reported warrant position.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 150 shares ($201)
Net Sell
2 txns
Insider
Lefebvre d'Ovidio Manfredi
Role
null
Sold
150 shs ($200.80)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Business Combination Warrants (right to buy) | 110 | $1.40 | $154.00 |
| Sale | Business Combination Warrants (right to buy) | 40 | $1.17 | $46.80 |
Holdings After Transaction:
Business Combination Warrants (right to buy) — 14,508.84 shares (Indirect, Beneficially owned through Heritage Assets SCSp)
Footnotes (1)
- 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 362,721 Business Combination Warrants, which, if exercised in full, would be equivalent to 14,508.84 ARQQ ordinary shares on a post-reverse stock split basis. The price reported is a weighted average price. The Business Combination Warrants were sold in multiple transactions at prices ranging from $1.15 to $1.19 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. The price reported is a weighted average price. The Business Combination Warrants were sold in multiple transactions at prices ranging from $1.32 to $1.49 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 total: 150 Business Combination Warrants
July 7 weighted average price: $1.17 per warrant
July 8 weighted average price: $1.40 per warrant
+5 more
8 metrics
Warrants sold total
150 Business Combination Warrants
Open-market sales on July 7–8, 2026
July 7 weighted average price
$1.17 per warrant
Sale of 40 Business Combination Warrants
July 8 weighted average price
$1.40 per warrant
Sale of 110 Business Combination Warrants
Warrant exercise price
$11.50 per warrant
Exercise price for Business Combination Warrants
Warrants per whole share
25 warrants per ARQQ share
Post 1-for-25 reverse stock split requirement
Aggregate exercise per share
$287.50 per ARQQ share
Total exercise cost for 25 warrants
Warrants beneficially owned
362,721 warrants
Beneficially owned by Heritage Assets SCSp
Share equivalent of warrants
14,508.84 ARQQ ordinary shares
If all 362,721 warrants exercised
Key Terms
Business Combination Warrants, reverse stock split, weighted average price, beneficially owns, +1 more
5 terms
Business Combination Warrants financial
"The entity sold Business Combination Warrants linked to ARQQ ordinary shares."
reverse stock split financial
"after a prior 1-for-25 reverse stock split, represents the right"
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
"at a weighted average price of $1.17 and 110 warrants at $1.40"
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
"Heritage Assets SCSp beneficially owns 362,721 warrants, equivalent to 14,508.84"
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.
aggregate exercise price financial
"to receive one whole share at an aggregate exercise price of $287.50 per share"
FAQ
What insider transaction did Arqit Quantum (ARQQ) disclose in this Form 4?
Arqit Quantum reported that Heritage Assets SCSp, linked to a director, sold 150 Business Combination Warrants in two open-market transactions. These warrants relate to ARQQ ordinary shares and are a small portion of the entity’s overall warrant holdings.
How many Arqit (ARQQ) warrants were sold and at what prices?
Heritage Assets SCSp sold 40 Business Combination Warrants at a weighted average price of $1.17 and 110 warrants at $1.40. Both sales were open-market transactions, with detailed price ranges provided through weighted average price footnotes.
Who is the reporting insider for the ARQQ Form 4, and how are the warrants held?
The reporting insider is director Lefebvre d'Ovidio Manfredi. The Business Combination Warrants are beneficially owned indirectly through Heritage Assets SCSp, which holds the warrants and conducts the reported open-market sales associated with ARQQ ordinary shares.
What is the exercise structure of Arqit’s Business Combination Warrants after the reverse split?
Each Business Combination Warrant has an $11.50 exercise price and now entitles the holder to purchase 0.04 ARQQ ordinary share. Holders must exercise 25 warrants together to receive one whole share at an aggregate exercise price of $287.50 per ARQQ share.
Did the ARQQ Form 4 indicate large or small insider warrant sales?
The Form 4 shows sales of 150 Business Combination Warrants out of 362,721 warrants beneficially owned. This represents a relatively small portion of Heritage Assets SCSp’s total warrant position tied to ARQQ ordinary shares, based on the disclosed figures.