Arqit Quantum (NASDAQ: ARQQ) director sells 512 shares, exercises RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Arqit Quantum Inc. director Ritchie Garth reported a mix of share sales and equity awards activity. On April 2, 2026, he completed an open-market sale of 512 Ordinary Shares at $13.2463 per share, leaving 28,800 Ordinary Shares held directly afterward.
On April 1, 2026, multiple Restricted Stock Units (RSUs) were exercised at a $0.00 conversion price, delivering a total of 1,051 Ordinary Shares. The RSUs convert into Ordinary Shares on a one-for-one basis and vest in quarterly installments through 2028 under several schedules described in the footnotes.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 512 shares ($6,782)
Net Sell
9 txns
Insider
Ritchie Garth
Role
Director
Sold
512 shs ($7K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 512 | $13.2463 | $7K |
| Exercise | Restricted Stock Units | 250 | $0.00 | -- |
| Exercise | Restricted Stock Units | 50 | $0.00 | -- |
| Exercise | Restricted Stock Units | 250 | $0.00 | -- |
| Exercise | Restricted Stock Units | 501 | $0.00 | -- |
| Exercise | Ordinary Shares | 250 | $0.00 | -- |
| Exercise | Ordinary Shares | 50 | $0.00 | -- |
| Exercise | Ordinary Shares | 250 | $0.00 | -- |
| Exercise | Ordinary Shares | 501 | $0.00 | -- |
Holdings After Transaction:
Ordinary Shares — 28,800 shares (Direct);
Restricted Stock Units — 1,250 shares (Direct)
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, and July 1, 2027. The RSUs vest quarterly in equal installments on April 1, and July 1, 2026. 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. 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.
Key Figures
Open-market sale: 512 shares at $13.2463
RSU exercises: 1,051 shares at $0.00
Shares held after transactions: 28,800 Ordinary Shares
+1 more
4 metrics
Open-market sale
512 shares at $13.2463
Ordinary Shares sold on April 2, 2026
RSU exercises
1,051 shares at $0.00
Ordinary Shares from RSU conversions on April 1, 2026
Shares held after transactions
28,800 Ordinary Shares
Direct ownership after April 2, 2026 sale
RSUs vested on April 1, 2026
501 RSUs
Portion of RSU grant vesting on April 1, 2026
Key Terms
Restricted Stock Units, open-market sale, derivative exercise/conversion, vest quarterly, +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.
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion""
vest quarterly financial
"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."
FAQ
What insider transactions did Arqit Quantum (ARQQ) director Ritchie Garth report?
Ritchie Garth reported one open-market sale of Ordinary Shares and several RSU exercises. The sale covered 512 shares at $13.2463 each, while RSU conversions delivered 1,051 Ordinary Shares at a zero exercise price, increasing his overall equity position.
What RSU activity did Arqit Quantum (ARQQ) disclose for director Ritchie Garth?
The filing shows several RSU exercises converting into a total of 1,051 Ordinary Shares at a $0.00 conversion price. These RSUs convert one-for-one into Ordinary Shares and are subject to detailed quarterly vesting schedules extending through various dates into 2028.
How do the Arqit Quantum (ARQQ) RSUs vest for director Ritchie Garth?
The RSUs vest in equal quarterly installments across multiple schedules. Footnotes describe vesting dates on April 1, July 1, and October 1 of 2026 and additional quarterly dates in 2027 and 2028, with 501 RSUs already vested on April 1, 2026.