Small warrant sale by entity tied to Arqit (NASDAQ: ARQQ) director
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,528 shares ($2,086)
Net Sell
2 txns
Insider
Lefebvre d'Ovidio Manfredi
Role
null
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) — 19,330.48 shares (Indirect, Beneficially owned through Heritage Assets SCSp)
Footnotes (1)
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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 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.
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.
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.