Director-linked entity sells 784 Arqit Quantum (ARQQ) warrants in market
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Arqit Quantum Inc. director Lefebvre d'Ovidio Manfredi reported two open-market sales of Business Combination Warrants beneficially owned through Heritage Assets SCSp. The entity sold 428 warrants at $1.60 per warrant on June 16, 2026 and 356 warrants at $1.40 per warrant on June 15, 2026, for a total of 784 warrants sold.
Each warrant has an exercise price of $11.50 and entitles the holder to purchase 0.04 Arqit ordinary shares on a post-reverse-split basis, requiring 25 warrants for one whole share at an aggregate exercise price of $287.50. After these transactions, the reporting person beneficially owns 463,658 Business Combination Warrants, equivalent to 18,546.32 Arqit ordinary shares based on the footnote conversion.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 784 shares ($1,183)
Net Sell
2 txns
Insider
Lefebvre d'Ovidio Manfredi
Role
null
Sold
784 shs ($1K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Business Combination Warrants (right to buy) | 428 | $1.60 | $684.80 |
| Sale | Business Combination Warrants (right to buy) | 356 | $1.40 | $498.40 |
Holdings After Transaction:
Business Combination Warrants (right to buy) — 18,546.32 shares (Indirect, Beneficially owned through Heritage Assets SCSp)
Footnotes (1)
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Key Figures
Warrants sold 6/16/2026: 428 warrants at $1.60
Warrants sold 6/15/2026: 356 warrants at $1.40
Total warrants sold: 784 warrants
+5 more
8 metrics
Warrants sold 6/16/2026
428 warrants at $1.60
Open-market sale of Business Combination Warrants
Warrants sold 6/15/2026
356 warrants at $1.40
Open-market sale of Business Combination Warrants
Total warrants sold
784 warrants
Net sell across two derivative transactions
Warrant exercise price
$11.50 per warrant
Exercise price for Business Combination Warrants
Warrants required per share
25 warrants
Minimum to receive one whole ordinary share
Aggregate exercise per share
$287.50 per share
Total exercise cost for one ordinary share
Warrants beneficially owned
463,658 warrants
Position equivalent to 18,546.32 ordinary shares
Share equivalent of warrants
18,546.32 shares
Ordinary share equivalent post-reverse stock split
Key Terms
Business Combination Warrants, reverse stock split, exercise price, aggregate exercise price, +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 outstanding"
A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.
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.
aggregate exercise price financial
"at an aggregate exercise price of $287.50 per whole ARQQ ordinary share"
beneficially owns financial
"The reporting person beneficially owns 463,658 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.
FAQ
What insider transactions did Arqit Quantum (ARQQ) disclose in this Form 4?
Arqit Quantum disclosed that an entity associated with director Lefebvre d'Ovidio Manfredi sold 784 Business Combination Warrants in two open-market transactions, at prices of $1.60 and $1.40 per warrant, while retaining a substantial remaining warrant position.
How many Arqit Quantum (ARQQ) warrants were sold and at what prices?
The filing reports sales of 428 Business Combination Warrants at $1.60 per warrant on June 16, 2026, and 356 warrants at $1.40 per warrant on June 15, 2026, for a combined total of 784 warrants sold in open-market transactions.
Who executed the warrant sales reported for Arqit Quantum (ARQQ)?
The warrants are beneficially owned through Heritage Assets SCSp, an entity associated with director Lefebvre d'Ovidio Manfredi. The Form 4 attributes the sales to this indirect ownership structure, rather than to direct personal holdings, reflecting the entity’s role in holding the warrants.
What does each Arqit Quantum (ARQQ) Business Combination Warrant represent?
Each Business Combination Warrant carries an exercise price of $11.50 and can be exercised to purchase 0.04 Arqit ordinary shares on a post-reverse-split basis. Holders must exercise at least 25 warrants together to receive one whole ordinary share.
How many Arqit Quantum (ARQQ) warrants does the reporting person still hold?
According to the footnote, the reporting person beneficially owns 463,658 Business Combination Warrants after the reported sales. If fully exercised, these warrants would be equivalent to 18,546.32 Arqit ordinary shares on a post-reverse stock split basis, based on the disclosed conversion terms.
How did Arqit Quantum (ARQQ) reverse stock split affect its warrants?
Arqit implemented a reverse stock split where every 25 ordinary shares became one share. Post-split, each Business Combination Warrant now entitles the holder to 0.04 of an ordinary share, requiring 25 warrants to obtain one whole share at a total exercise price of $287.50.