Director entity trims 387 Arqit Quantum (NASDAQ: ARQQ) warrants
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. On April 23, the entity sold 182 warrants at $3.30 each, followed by 205 warrants at $2.90 each on April 24.
These warrants are exercisable at $11.50 and, after Arqit’s 25‑for‑1 reverse stock split, each warrant represents 0.04 ordinary share, requiring 25 warrants to receive one share at an aggregate exercise price of $287.50. The reporting person beneficially owns 691,582 warrants, equivalent to 27,663.28 ordinary shares on a post‑split basis, so the 387 warrants sold represent a small portion of the overall position.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Lefebvre d'Ovidio Manfredi
Role
Director
Sold
387 shs ($1K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Business Combination Warrants (right to buy) | 205 | $2.90 | $594.50 |
| Sale | Business Combination Warrants (right to buy) | 182 | $3.30 | $600.60 |
Holdings After Transaction:
Business Combination Warrants (right to buy) — 55,531.92 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 691,582 Business Combination Warrants, which, if exercised in full, would be equivalent to 27,663.28 ARQQ ordinary shares on a post-reverse stock split basis.
Key Figures
Warrants sold 2026-04-23: 182 warrants at $3.30
Warrants sold 2026-04-24: 205 warrants at $2.90
Total warrants sold: 387 warrants
+4 more
7 metrics
Warrants sold 2026-04-23
182 warrants at $3.30
Open-market sale of Business Combination Warrants
Warrants sold 2026-04-24
205 warrants at $2.90
Open-market sale of Business Combination Warrants
Total warrants sold
387 warrants
Net-sell across two derivative transactions
Beneficially owned warrants
691,582 warrants
Equivalent to 27,663.28 ordinary shares post-split
Warrant exercise price
$11.50 per warrant
Business Combination Warrant exercise price before share ratio effect
Effective cost per share
$287.50 per share
25 warrants required for one ordinary share post-split
Reverse stock split ratio
25-to-1
Every 25 ordinary shares consolidated into one share
Key Terms
Business Combination Warrants, reverse stock split, beneficially owns, exercise price, +1 more
5 terms
Business Combination Warrants financial
"Each Business Combination Warrant has an exercise price of $11.50 and can be exercised at any time"
reverse stock split financial
"announced the implementation of a reverse stock split whereby every 25 outstanding ARQQ ordinary shares were consolidated"
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 691,582 Business Combination Warrants, which, if exercised in full"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Arqit Quantum (ARQQ) report on this Form 4?
Arqit Quantum reported that an entity associated with director Lefebvre d'Ovidio Manfredi sold 387 Business Combination Warrants in two open-market transactions, totaling 182 warrants at $3.30 and 205 warrants at $2.90.
Who executed the warrant sales reported for Arqit Quantum (ARQQ)?
The sales were executed by Heritage Assets SCSp, which beneficially holds the warrants for director Lefebvre d'Ovidio Manfredi. The holdings are reported as indirect ownership, reflecting the director’s economic interest through this related entity.
How many Arqit Quantum (ARQQ) warrants were sold and at what prices?
A total of 387 Business Combination Warrants were sold. On April 23, 182 warrants sold at $3.30 each, and on April 24, 205 warrants sold at $2.90 each, both as open-market transactions in derivative securities.
What Arqit Quantum (ARQQ) warrant holdings remain after these sales?
After the reported sales, the filing states that the reporting person beneficially owns 691,582 Business Combination Warrants. If fully exercised, these warrants would equate to 27,663.28 Arqit Quantum ordinary shares on a post-reverse stock split basis.
How did Arqit Quantum’s reverse stock split affect its Business Combination Warrants?
Arqit Quantum implemented a 25-for-1 reverse stock split of its ordinary shares. Post-split, each Business Combination Warrant has an $11.50 exercise price and entitles the holder to 0.04 ordinary share, requiring 25 warrants to receive one full share.
What is the effective exercise cost of Arqit Quantum (ARQQ) warrants after the reverse split?
Each Business Combination Warrant carries a stated exercise price of $11.50. Because 25 warrants are needed to receive one ordinary share post-split, the aggregate exercise price per whole Arqit Quantum ordinary share is $287.50 according to the filing.