Arqit Quantum (NASDAQ: ARQQ) counsel sells 1,790 shares after RSU exercises
Rhea-AI Filing Summary
Arqit Quantum Inc. General Counsel Patrick Willcocks reported a mix of equity exercises and a sale of company stock. On April 1, 2026, he exercised Restricted Stock Units (RSUs) that converted one-for-one into 3,563 ordinary shares at a conversion price of $0.00 per share, consistent with the RSU footnotes. On April 2, 2026, he executed an open-market sale of 1,790 ordinary shares at $13.3233 per share. After these transactions, he directly held 11,916 ordinary shares, so he retained a meaningful equity position in the company.
Positive
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Negative
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Insights
Routine RSU exercises paired with a modest open-market sale, with the insider retaining a substantial position.
General Counsel Patrick Willcocks exercised RSUs that converted one-for-one into 3,563 Arqit Quantum ordinary shares at a stated conversion price of $0.00. This reflects compensation vesting and derivative exercise activity rather than an open-market purchase decision.
He then sold 1,790 ordinary shares on April 2, 2026 at $13.3233 per share in an open-market transaction. Following the sale, he held 11,916 ordinary shares directly, indicating that the sale represents only a portion of his visible equity stake.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 1,790 | $13.3233 | $24K |
| Exercise | Restricted Stock Units | 2,083 | $0.00 | -- |
| Exercise | Restricted Stock Units | 116 | $0.00 | -- |
| Exercise | Restricted Stock Units | 916 | $0.00 | -- |
| Exercise | Restricted Stock Units | 448 | $0.00 | -- |
| Exercise | Ordinary Shares | 2,083 | $0.00 | -- |
| Exercise | Ordinary Shares | 116 | $0.00 | -- |
| Exercise | Ordinary Shares | 448 | $0.00 | -- |
| Exercise | Ordinary Shares | 916 | $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, and July 1, 2026. 916 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. 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.