Lefebvre d'Ovidio Manfredi 4

What Happened Lefebvre d'Ovidio Manfredi, a director of Arqit Quantum Inc. (ARQQ), reported two dispositions of derivative securities: 317 "shares" at $1.20 on 2026-06-26 for $380, and 113 "shares" at $1.50 on 2026-06-29 for $170 — a combined 430 shares for $550. The Form 4 classifies these as derivative transactions (code S — sale/disposition).

Key Details

• Transaction dates and amounts:
  • 2026-06-26: 317 derivative shares @ $1.20 = $380
  • 2026-06-29: 113 derivative shares @ $1.50 = $170
• Filing: Form filed 2026-06-30 covering the above transactions.
• Shares owned after transaction: The filing does not state ordinary shares held post-sale. It does disclose the reporting person beneficially owns 374,669 Business Combination Warrants (see footnote), equivalent to 14,986.76 ARQQ ordinary shares on a post-reverse-split basis if all warrants were exercised.
• Notable footnote: A 25-for-1 reverse stock split (effective 9/19/2024) changed warrant mechanics — each Business Combination Warrant can be exercised for 0.04 of a post-split share, requiring 25 warrants to receive one whole share at an aggregate exercise price of $287.50 per share. The filing notes the issuer is a foreign private issuer; transactions are exempt from Sections 16(b) and 16(c).

Context These were disposals of derivative securities as reported on the Form 4 (not direct open-market sales of common stock). Derivative transactions can reflect different tax or structural reasons and don’t necessarily signal the same thing as a direct sale of common shares. The filing shows the director retains a substantial position in Business Combination Warrants, which could convert to ordinary shares under the post-split exercise terms.