Director entity trims Arqit Quantum (ARQQ) warrant position in small sales
Rhea-AI Filing Summary
Arqit Quantum Inc. director Lefebvre d'Ovidio Manfredi, through Heritage Assets SCSp, reported small open-market sales of Business Combination Warrants linked to Arqit ordinary shares. On May 28, 2026, Heritage Assets SCSp sold 150 warrants at $1.80 each, and on May 29, 2026 it sold 227 warrants at $1.70 each.
The warrants each have an exercise price of $11.50 and, after Arqit’s 1-for-25 reverse stock split announced on September 19, 2024, every warrant represents the right to purchase 0.04 of an ordinary share, with at least 25 warrants needed for one whole share. The reporting person beneficially owns 540,588 Business Combination Warrants, which if fully exercised would equal 21,623.52 ordinary shares, so the 377 warrants sold represent a small portion of this position.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Lefebvre d'Ovidio Manfredi
Role
Director
Sold
377 shs ($655.90)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Business Combination Warrants (right to buy) | 227 | $1.70 | $385.90 |
| Sale | Business Combination Warrants (right to buy) | 150 | $1.80 | $270.00 |
Holdings After Transaction:
Business Combination Warrants (right to buy) — 43,474.16 shares (Indirect, Beneficially owned through Heritage Assets SCSp)
Footnotes (1)
- F1. On September 19, 2024, Arqit Quantum Inc. (ARQQ) announced the implementation of a reverse stock split whereby every 25 outstanding ARQQ ordinary shares were consolidated into one ordinary share, par value $0.0025 per share. Each Business Combination Warrant has an exercise price of $11.50 and can be exercised at any time, at the holder's election, to purchase 0.04 of an ARQQ ordinary share on a post-reverse stock split basis, and cannot be exercised for fractional shares. Accordingly, on a post-reverse stock split basis holders of Business Combination Warrants are required to exercise at least 25 Business Combination Warrants in order to receive one whole ARQQ ordinary share at an aggregate exercise price of $287.50 per whole ARQQ ordinary share. The reporting person beneficially owns 540,588 Business Combination Warrants, which, if exercised in full, would be equivalent to 21,623.52 ARQQ ordinary shares on a post-reverse stock split basis.
Key Figures
Warrants sold May 28, 2026: 150 warrants at $1.80
Warrants sold May 29, 2026: 227 warrants at $1.70
Total warrants sold: 377 warrants
+5 more
8 metrics
Warrants sold May 28, 2026
150 warrants at $1.80
Open-market sale by Heritage Assets SCSp
Warrants sold May 29, 2026
227 warrants at $1.70
Open-market sale by Heritage Assets SCSp
Total warrants sold
377 warrants
Net-sell across two reported transactions
Warrant exercise price
$11.50 per warrant
Business Combination Warrant terms
Reverse split ratio
1-for-25
Every 25 ordinary shares consolidated into one on Sep 19, 2024
Equity per warrant post-split
0.04 ordinary share per warrant
Post–reverse split conversion ratio
Warrants beneficially owned
540,588 warrants
Beneficially owned through Heritage Assets SCSp
Share equivalent of warrants
21,623.52 ordinary shares
If all 540,588 warrants are exercised
Key Terms
Business Combination Warrants, reverse stock split, beneficially owns, ordinary shares, +1 more
5 terms
Business Combination Warrants financial
"Each Business Combination Warrant has an exercise price of $11.50"
reverse stock split financial
"announced the implementation of a reverse stock split whereby every 25"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
beneficially owns financial
"The reporting person beneficially owns 540,588 Business Combination Warrants"
Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.
exercise price financial
"Each Business Combination Warrant has an exercise price of $11.50"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Arqit Quantum Inc. (ARQQ) report?
Arqit Quantum reported that Heritage Assets SCSp, associated with director Lefebvre d'Ovidio Manfredi, sold 377 Business Combination Warrants in two open-market transactions at prices between $1.70 and $1.80 per warrant, modestly reducing its derivative exposure to Arqit ordinary shares.
How large is the warrant sale compared with the insider’s total ARQQ warrants?
The reported sale covered 377 Business Combination Warrants, while the reporting person beneficially owns 540,588 such warrants. According to the disclosure, these warrants, if fully exercised, would be equivalent to 21,623.52 Arqit ordinary shares, so the sale represents a small fraction.
Who executed the ARQQ warrant sales disclosed in this Form 4?
The sales were executed by Heritage Assets SCSp, which beneficially owns the warrants. The Form 4 identifies Lefebvre d'Ovidio Manfredi as the reporting person, with the holdings described as beneficially owned through Heritage Assets SCSp, indicating indirect ownership rather than direct personal holdings.
What are the key terms of Arqit’s Business Combination Warrants?
Each Business Combination Warrant carries an exercise price of $11.50. Following Arqit’s 1-for-25 reverse stock split on September 19, 2024, each warrant is exercisable for 0.04 of an ordinary share, and at least 25 warrants must be exercised together to receive one whole ordinary share.
How did Arqit Quantum’s reverse stock split affect the ARQQ warrants?
Arqit’s reverse stock split consolidated every 25 ordinary shares into one share. Post-split, each Business Combination Warrant is exercisable for 0.04 of an ordinary share, with no fractional shares allowed, so 25 warrants must be exercised to receive one whole ordinary share at an aggregate exercise price of $287.50.
When do the reported Arqit Business Combination Warrants expire?
The Business Combination Warrants referenced in the filing have an expiration date of September 3, 2026. Until that date, warrant holders can choose to exercise them at the stated $11.50 exercise price, subject to the post–reverse split 0.04-share-per-warrant conversion ratio.