Arqit Quantum (NASDAQ: ARQQ) director converts 841 RSUs into shares
Rhea-AI Filing Summary
Arqit Quantum director Ritchie Garth converted 841 Restricted Share Units into 841 Ordinary Shares on July 17, 2026, at a stated price of 0.0000 per share, with the RSUs converting one-for-one and vesting within the week of grant. After this derivative exercise, he directly holds 105,450 Ordinary Shares. The company notes its status as a foreign private issuer, with these transactions exempt from Sections 16(b) and 16(c) of the Exchange Act.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 841 shares
Net Buy
2 txns
Insider
Ritchie Garth
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units F1 | 841 | $0.00 | $0.00 |
| Exercise | Ordinary Shares F1 | 841 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Share Units — 0 shares (Direct);
Ordinary Shares — 105,450 shares (Direct)
Footnotes (1)
- F1. Restricted Stock Units ("RSUs") convert into ARQQ ordinary shares on a one-for-one basis. The RSUs vested within the week of the grant date.
Key Figures
RSUs converted: 841 Restricted Share Units
Ordinary Shares acquired: 841 Ordinary Shares
Shares held after transaction: 105,450 Ordinary Shares
+2 more
5 metrics
RSUs converted
841 Restricted Share Units
Restricted Share Units converted into Ordinary Shares on July 17, 2026
Ordinary Shares acquired
841 Ordinary Shares
Shares received upon RSU conversion on July 17, 2026
Shares held after transaction
105,450 Ordinary Shares
Direct Ordinary Share holdings following July 17, 2026 transactions
Stated transaction price
0.0000 per share
Recorded price per Ordinary Share in the RSU conversion
Derivative exercises reported
1
Number of derivative exercise/conversion transactions (code M) in this report
Key Terms
Restricted Share Units, foreign private issuer, Section 16(b), Rule 3a12-3(b)
4 terms
foreign private issuer regulatory
"Due to the issuer's status as a foreign private issuer pursuant to Rule 3a12-3(b)"
A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.
Section 16(b) regulatory
"transactions in the issuer's securities are exempt from Sections 16(b) and 16(c) of the Act"
A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.
Rule 3a12-3(b) regulatory
"status as a foreign private issuer pursuant to Rule 3a12-3(b) under the Exchange Act"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction involving Arqit Quantum (ARQQ) did Ritchie Garth complete?
Director Ritchie Garth converted 841 Restricted Share Units into 841 Ordinary Shares on July 17, 2026. The RSUs converted on a one-for-one basis into Arqit Quantum ordinary shares after vesting within the week of their grant date.
Were Ritchie Garth’s ARQQ transactions made under a Rule 10b5-1 trading plan?
The Form 4’s Rule 10b5-1 checkbox is not marked, and no footnote describes a trading plan. This indicates the reported RSU conversion and resulting share acquisition are not designated as occurring under a Rule 10b5-1 pre-arranged plan.
What regulatory status of Arqit Quantum (ARQQ) is highlighted in this Form 4?
Arqit Quantum is identified as a foreign private issuer under Rule 3a12-3(b) of the Exchange Act. Because of this status, Ritchie Garth’s transactions are described as exempt from Sections 16(b) and 16(c) of the Act.