Arqit Quantum director exercises 4,385 RSUs
Arqit Quantum Inc. director Lefebvre d'Ovidio Manfredi exercised restricted stock units to acquire additional 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 exercised restricted stock units to acquire additional shares. On April 1, 2026, 4,385 Restricted Stock Units converted into 4,385 Ordinary Shares at $0.00 per share, reflecting vesting of equity compensation rather than open-market buying or selling.
Following these conversions, the director holds 41,626 Ordinary Shares directly and 4,396,891 Ordinary Shares indirectly, beneficially owned through Heritage Assets SCSP. Footnotes state that RSUs convert into ARQQ Ordinary Shares on a one-for-one basis and vest in scheduled quarterly installments extending through October 1, 2028.
Insider Trade Summary
4,385 shares exercised/converted
Exercise
9 txns
Insider
Lefebvre d'Ovidio Manfredi
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 501 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 50 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 3,584 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 250 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 50 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 501 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 3,584 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 250 | $0.00 | $0.00 |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 21,962 contracts (Direct);
Ordinary Shares — 41,626 shares (Direct);
Ordinary Shares — 4,396,891 shares (Indirect, beneficially owned through Heritage Assets SCSP)
Footnotes (5)
- F1. Restricted Stock Units ("RSUs") convert into ARQQ ordinary shares on a one-for-one basis.
- F2. 501 RSUs vested on April 1, 2026 and the remaining RSUs vest quarterly in equal installments on July 1, and October 1, 2026, and January 1, April 1, July 1, and October 1, 2027, and January 1, April 1, July 1, and October 1, 2028.
- F3. The RSUs vest quarterly in equal installments on April 1, and July 1, 2026.
- F4. The RSUs vest quarterly in equal installments on April 1, July 1, and October 1, 2026, and January 1, April 1, and July 1, 2027.
- F5. The RSUs vest quarterly in equal installments on April 1, July 1, and October 1, 2026, and January 1, April 1, July 1, and October 1, 2027.
Key Figures
RSUs exercised: 4,385 units
Exercise price: $0.00 per share
Direct holdings after transaction: 41,626 Ordinary Shares
+2 more
5 metrics
RSUs exercised
4,385 units
Restricted Stock Units converted into Ordinary Shares on April 1, 2026
Exercise price
$0.00 per share
Conversion price for RSUs into Ordinary Shares
Direct holdings after transaction
41,626 Ordinary Shares
Director’s direct Arqit Quantum share balance post-transaction
Indirect holdings
4,396,891 Ordinary Shares
Beneficially owned through Heritage Assets SCSP
Single vesting tranche
501 RSUs
Vested on April 1, 2026 from one RSU grant
Key Terms
Restricted Stock Units, derivative security, beneficially owned, one-for-one basis, +1 more
5 terms
Restricted Stock Units financial
"Restricted Stock Units ("RSUs") convert into ARQQ ordinary shares on a one-for-one basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
beneficially owned financial
"beneficially owned through Heritage Assets SCSP"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
one-for-one basis financial
"RSUs convert into ARQQ ordinary shares on a one-for-one basis."
vesting financial
"RSUs vested on April 1, 2026 and the remaining RSUs vest quarterly in equal installments"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Arqit Quantum (ARQQ) director Lefebvre d'Ovidio Manfredi report on this Form 4?
The director reported exercising restricted stock units to acquire 4,385 Ordinary Shares of Arqit Quantum at $0.00 per share. These transactions reflect the scheduled vesting and conversion of equity awards, rather than open-market purchases or sales of the company’s stock.
What are Lefebvre d'Ovidio Manfredi’s direct Arqit Quantum (ARQQ) holdings after these transactions?
After the RSU conversions, the director directly holds 41,626 Ordinary Shares. This figure reflects the updated post-transaction balance shown in the Form 4’s non-derivative section, incorporating all the Ordinary Shares received from the exercised restricted stock units.
What indirect Arqit Quantum (ARQQ) ownership is disclosed through Heritage Assets SCSP?
The filing shows 4,396,891 Ordinary Shares indirectly beneficially owned through Heritage Assets SCSP. This position is reported as an indirect holding, separate from the director’s direct share ownership, and does not correspond to a new transaction in this particular Form 4.
What vesting schedule is disclosed for the Arqit Quantum (ARQQ) RSUs?
One grant had 501 RSUs vest on April 1, 2026, with remaining RSUs vesting quarterly through October 1, 2028. Other RSU grants vest in equal quarterly installments through various dates in 2026 and 2027, creating a multi-year stream of potential future share conversions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates