Arqit Quantum (NASDAQ: ARQQ) CFO sells 1,709 shares after RSU conversions
Rhea-AI Filing Summary
Arqit Quantum Inc. Chief Financial Officer Nicholas Pointon reported a mix of share acquisitions and sales. On April 1, 2026, he exercised Restricted Stock Units (RSUs) that convert into Arqit ordinary shares on a one-for-one basis, acquiring additional ordinary shares at a conversion price of $0.00 per share. On April 2, 2026, he completed an open-market sale of 1,709 ordinary shares at $13.32 per share. After these transactions, he held 13,607 ordinary shares directly. Footnotes state that various RSU grants vest quarterly in equal installments on specified dates through 2028.
Positive
- None.
Negative
- None.
Insights
CFO exercised RSUs and sold a modest portion of his holdings.
Nicholas Pointon, CFO of Arqit Quantum Inc., exercised RSUs that convert one-for-one into ordinary shares at a $0.00 conversion price, adding equity obtained through compensation. The filing’s transaction summary shows 3,414 shares exercised across derivative transactions.
He then executed an open-market sale of 1,709 ordinary shares at $13.32 per share, leaving 13,607 ordinary shares held directly. Relative to his remaining stake, the sale represents a moderate portion and appears as a routine liquidity event rather than a full exit.
Footnotes indicate that several RSU awards vest quarterly on specified dates through 2027 and 2028, suggesting an ongoing stream of potential share deliveries tied to service or performance conditions. Future company disclosures may detail how these vesting schedules influence his equity position over time.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 1,709 | $13.32 | $23K |
| Exercise | Restricted Stock Units | 2,083 | $0.00 | -- |
| Exercise | Restricted Stock Units | 403 | $0.00 | -- |
| Exercise | Restricted Stock Units | 104 | $0.00 | -- |
| Exercise | Restricted Stock Units | 824 | $0.00 | -- |
| Exercise | Ordinary Shares | 403 | $0.00 | -- |
| Exercise | Ordinary Shares | 2,083 | $0.00 | -- |
| Exercise | Ordinary Shares | 104 | $0.00 | -- |
| Exercise | Ordinary Shares | 824 | $0.00 | -- |
Footnotes (1)
- Restricted Stock Units ("RSUs") convert into ARQQ ordinary shares on a one-for-one basis. 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. 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. The RSUs vest quarterly in equal installments on April 1, and July 1, 2026. 824 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.