Arqit Quantum director exercises 1,887 RSUs into shares
Arqit Quantum Inc. director Garth Ritchie reported equity compensation activity involving Restricted Stock Units (RSUs) and ordinary shares.
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Rhea-AI Filing Summary
Arqit Quantum Inc. director Garth Ritchie reported equity compensation activity involving Restricted Stock Units (RSUs) and ordinary shares. He exercised 1,887 RSUs, converting them into 1,887 ordinary shares at a stated price of $0.0000 per share, and his directly held ordinary shares increased to 30,687 after the transaction.
On the same date, he was granted 1,887 new RSUs that each convert into one ordinary share of ARQQ. According to the footnote, these RSUs vest immediately on the grant date and convert into ordinary shares on a one-for-one basis, meaning each RSU represents one future ordinary share once settled.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,887 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,887 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 1,887 | $0.00 | $0.00 |
Footnotes (1)
- F1. Restricted Stock Units ("RSUs") convert into ARQQ ordinary shares on a one-for-one bases. The RSUs vest immediately on the date of grant.
Key Figures
Key Terms
Restricted Stock Units financial
derivative security financial
grant, award, or other acquisition financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did ARQQ director Garth Ritchie report in this Form 4 filing?
What RSU grant did Garth Ritchie receive from Arqit Quantum (ARQQ)?
How were Garth Ritchie’s Arqit Quantum (ARQQ) RSUs exercised in this filing?
Do the Arqit Quantum (ARQQ) RSUs in this Form 4 vest over time?
AI-generated analysis. How Rhea-AI works. Not financial advice.