[Form 4] Arqit Quantum Inc. Insider Trading Activity
Arqit Quantum Inc. director Lefebvre d'Ovidio Manfredi exercised restricted stock units and increased his share holdings.
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 and increased his share holdings. On May 6 and 7, 2026, he exercised RSUs covering 1,509 and 1,082 ordinary shares at $0.00 per share, receiving the same number of ordinary shares.
Following these exercises, his direct ownership in Arqit ordinary shares rose to 44,217 shares. The RSUs convert into ordinary shares on a one-for-one basis and vested immediately on the grant date. A separate entry shows 4,396,891 ordinary shares beneficially owned indirectly through Heritage Assets SCSP.
Insider Trade Summary
2,591 shares exercised/converted
Exercise
7 txns
Insider
Lefebvre d'Ovidio Manfredi
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,082 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,082 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 1,082 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 1,509 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,509 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 1,509 | $0.00 | $0.00 |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Ordinary Shares — 44,217 shares (Direct);
Ordinary Shares — 4,396,891 shares (Indirect, beneficially owned through Heritage Assets SCSP)
Footnotes (1)
- F1. Restricted Stock Units ("RSUs") convert into ARQQ ordinary shares on a one-for-one basis. The RSUs vested immediately on the date of grant.
Key Figures
RSUs exercised May 6, 2026: 1,509 shares
RSUs exercised May 7, 2026: 1,082 shares
Total RSUs exercised: 2,591 shares
+3 more
6 metrics
RSUs exercised May 6, 2026
1,509 shares
Restricted Stock Units converting into ordinary shares
RSUs exercised May 7, 2026
1,082 shares
Restricted Stock Units converting into ordinary shares
Total RSUs exercised
2,591 shares
Exercise or conversion of derivative securities
Direct ordinary shares after transactions
44,217 shares
Total direct ownership following exercises
Indirect ordinary shares
4,396,891 shares
Beneficially owned through Heritage Assets SCSP
RSU conversion price
$0.00 per share
Stated price per share for RSU conversions
Key Terms
Restricted Stock Units, derivative security, beneficially owned, Heritage Assets SCSP
4 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.
Heritage Assets SCSP financial
"beneficially owned through Heritage Assets SCSP"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did ARQQ director Lefebvre d'Ovidio Manfredi report?
He reported exercising restricted stock units on two dates, converting 1,509 and 1,082 RSUs into the same number of Arqit ordinary shares at $0.00 per share. These are compensation-related derivative exercises rather than open-market share purchases or sales.
How many restricted stock units did the ARQQ director exercise in total?
Across the reported transactions, he exercised RSUs covering a total of 2,591 ordinary shares (1,509 plus 1,082). Each restricted stock unit converts into one Arqit ordinary share, according to the footnote describing the RSU terms in the Form 4.
Were the ARQQ insider transactions open-market buys or sells?
No, the Form 4 shows derivative exercises and grants, coded as M and A, rather than open-market purchases or sales. The ordinary shares were received by converting restricted stock units at a stated price of $0.00 per share, consistent with equity compensation.
What does the Form 4 say about ARQQ restricted stock unit conversion terms?
A footnote explains that Arqit restricted stock units convert into ARQQ ordinary shares on a one-for-one basis. It also states that the RSUs involved in these transactions vested immediately on the date of grant, clarifying how and when they became eligible for conversion.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates