What is the aggregate exercise price per share for Arqit (ARQQ) warrants post-split?

Because each Business Combination Warrant has an $11.50 exercise price and 25 warrants are required for one whole ordinary share, the aggregate exercise price per whole Arqit ordinary share is $287.50 on a post-reverse stock split basis, as described in the disclosure footnote.

Small warrant sale by entity tied to Arqit (NASDAQ: ARQQ) director

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Arqit Quantum Inc. director-associated entity reports small warrant sales. Heritage Assets SCSp, through which director Lefebvre d'Ovidio Manfredi beneficially owns warrants, sold 1,528 Business Combination Warrants in open-market transactions on June 11, 2026 and June 12, 2026 at prices of $1.50 and $1.20 per warrant.

Following these sales, the holder beneficially owns 483,262 Business Combination Warrants, equivalent to 19,330.48 Arqit ordinary shares on a post-reverse stock split basis. Each warrant has an exercise price of $11.50, and, after a 25-for-1 reverse stock split implemented on September 19, 2024, 25 warrants are required to receive one whole ordinary share.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Lefebvre d'Ovidio Manfredi

Role Director

Sold 1,528 shs ($2K)

Type	Security	Shares	Price	Value
Sale	Business Combination Warrants (right to buy)	687	$1.20	$824.40
Sale	Business Combination Warrants (right to buy)	841	$1.50	$1K

Holdings After Transaction: Business Combination Warrants (right to buy) — 39,347.8 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 483,262 Business Combination Warrants, which, if exercised in full, would be equivalent to 19,330.48 ARQQ ordinary shares on a post-reverse stock split basis.

Key Figures

Warrants sold: 1,528 Business Combination Warrants Sale prices: $1.50 and $1.20 per warrant Warrants beneficially owned: 483,262 Business Combination Warrants +5 more

8 metrics

Warrants sold 1,528 Business Combination Warrants Open-market sales on June 11–12, 2026

Sale prices $1.50 and $1.20 per warrant Transactions on June 11 and June 12, 2026

Warrants beneficially owned 483,262 Business Combination Warrants Position after reported sales

Ordinary share equivalent 19,330.48 ordinary shares If all 483,262 warrants exercised post-split

Reverse split ratio 25-for-1 Reverse stock split on September 19, 2024

Warrant exercise price $11.50 per warrant Business Combination Warrant terms

Warrants per whole share 25 warrants per share Post-reverse split requirement

Aggregate exercise per share $287.50 per ordinary share 25 warrants × $11.50 each post-split

Key Terms

Business Combination Warrants, reverse stock split, beneficially owns, exercise price, +1 more

5 terms

Business Combination Warrants financial

"The reporting person beneficially owns 483,262 Business Combination Warrants, which, if exercised in full, would be equivalent to 19,330.48 ARQQ ordinary shares"

reverse stock split financial

"announced the implementation of a reverse stock split whereby every 25 outstanding ARQQ ordinary shares were consolidated into one ordinary share"

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 483,262 Business Combination Warrants, which, if exercised in full, would be equivalent to 19,330.48 ARQQ ordinary shares"

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 and can be exercised at any time"

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.

ordinary shares financial

"to purchase 0.04 of an ARQQ ordinary share on a post-reverse stock split basis"

Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/15/2026 - 04:05 PM Accepted by SEC EDGAR 06/15/2026 - 04:05 PM

FAQ

What insider activity did Arqit Quantum (ARQQ) report in this Form 4?

The filing reports open-market sales of 1,528 Business Combination Warrants by Heritage Assets SCSp, an entity through which director Lefebvre d'Ovidio Manfredi beneficially owns warrants. The transactions occurred on June 11 and 12, 2026, at prices of $1.50 and $1.20 per warrant.

How many Arqit (ARQQ) Business Combination Warrants were sold and at what prices?

Heritage Assets SCSp sold a total of 1,528 Business Combination Warrants. The sales were split between 841 warrants at $1.50 per warrant on June 11, 2026, and 687 warrants at $1.20 per warrant on June 12, 2026, in open-market transactions.

How many Arqit (ARQQ) warrants does the reporting person still beneficially own?

After the reported sales, the reporting person beneficially owns 483,262 Business Combination Warrants. According to the disclosure, if fully exercised on a post-reverse stock split basis, these warrants would be equivalent to 19,330.48 Arqit Quantum Inc. ordinary shares, reflecting the current warrant-to-share conversion terms.

What are the key terms of Arqit (ARQQ) Business Combination Warrants after the reverse split?

Each Business Combination Warrant has an exercise price of $11.50. Following Arqit Quantum Inc.’s 25-for-1 reverse stock split on September 19, 2024, each warrant entitles the holder to purchase 0.04 of an ordinary share, and 25 warrants are needed for one whole share.

How did Arqit (ARQQ)’s reverse stock split affect warrant conversion?

The reverse stock split consolidated every 25 ordinary shares into one share. Post-split, each Business Combination Warrant can be exercised to purchase 0.04 of an ordinary share, so holders must exercise at least 25 warrants to receive one whole Arqit ordinary share at $287.50 aggregate exercise price.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lefebvre d'Ovidio Manfredi

(Last)

(First)

(Middle)

3 ORCHARD PLACE

(Street)

LONDON

SW1H 0BF

(City)

(State)

(Zip)

UNITED KINGDOM

(Country)

2. Issuer Name and Ticker or Trading Symbol
Arqit Quantum Inc. [ ARQQ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Business Combination Warrants (right to buy)	⁽¹⁾	06/11/2026		S			841	⁽¹⁾	09/03/2026	Ordinary Shares	841	$1.5	20,017.32	I	Beneficially owned through Heritage Assets SCSp
Business Combination Warrants (right to buy)	⁽¹⁾	06/12/2026		S			687	⁽¹⁾	09/03/2026	Ordinary Shares	687	$1.2	19,330.48	I	Beneficially owned through Heritage Assets SCSp

Explanation of Responses:

1. 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 483,262 Business Combination Warrants, which, if exercised in full, would be equivalent to 19,330.48 ARQQ ordinary shares on a post-reverse stock split basis.

Remarks:

Due to the issuer's status as a foreign private issuer pursuant to Rule 3a12-3(b) under the Securities Exchange Act of 1934 (the "Act"), the reporting person's transactions in the issuer's securities are exempt from Sections 16(b) and 16(c) of the Act.

	/s/ Amir Heyat, as Attorney-in-Fact	06/15/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR