Lefebvre d'Ovidio Manfredi 4
4 · Arqit Quantum Inc. · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
Arqit (ARQQ) Director Lefebvre d'Ovidio Manfredi Sells Shares
What Happened
- Director Lefebvre d'Ovidio Manfredi sold ordinary shares and Business Combination Warrants in open‑market transactions. He disposed of 22,022 ARQQ ordinary shares on 2026-06-30 at a weighted average price of $30.07 (proceeds ≈ $662,202) and 32,422 ordinary shares on 2026-07-01 at a weighted average price of $30.24 (proceeds ≈ $980,441). He also sold 154 and 41 Business Combination Warrants (reported as derivative disposals) at weighted average prices of $1.60 and $1.40, respectively (small proceeds: $246 and $57). Combined proceeds are about $1.64 million.
Key Details
- Transaction dates: 2026-06-30 and 2026-07-01.
- Ordinary shares sold: 22,022 @ $30.07 (wtd avg; prices in that lot ranged $30.00–$30.29) and 32,422 @ $30.24 (wtd avg; prices in that lot ranged $30.00–$30.93).
- Warrants (derivative) sold: 154 @ $1.60 and 41 @ $1.40 (wtd avg prices; warrant sale ranges reported between $1.22–$1.79 and $1.35–$1.79).
- Shares owned after transaction: not stated in the provided excerpt. Filing notes the reporting person beneficially owns 369,792 Business Combination Warrants (equivalent to ~14,791.68 ordinary shares post‑reverse split if exercised).
- Notable footnotes: weighted‑average prices reported with price ranges; reverse 25‑for‑1 stock split applies to conversion/exercise math for warrants (25 warrants required to receive one whole share; aggregate exercise price $287.50 per share).
- Timeliness: no late‑filing flag shown in the excerpt.
- Regulatory remark: Transactions are exempt from Sections 16(b) and 16(c) because Arqit is a foreign private issuer.
Context
- These were sales (not purchases), which are often routine — the filing is factual and does not state motivation. The derivative disposals were warrant sales (see reverse split/warrant conversion note); the filing discloses weighted‑average prices and ranges and offers to provide per‑price details on request.
Insider Transaction Report
Form 4
Lefebvre d'Ovidio Manfredi
Director
Transactions
- Sale
Ordinary Shares
[F1]2026-06-30$30.07/sh−22,022$662,202→ 4,374,870 total(indirect: Beneficially owned through Heritage Assets SCSp) - Sale
Ordinary Shares
[F2]2026-07-01$30.24/sh−32,422$980,441→ 4,342,448 total(indirect: Beneficially owned through Heritage Assets SCSp) - Sale
Business Combination Warrants (right to buy)
[F3][F4]2026-06-30$1.60/sh−154$246→ 14,986.76 total(indirect: Beneficially owned through Heritage Assets SCSp)Exp: 2026-09-03→ Ordinary Shares (154 underlying) - Sale
Business Combination Warrants (right to buy)
[F3][F5]2026-07-01$1.40/sh−41$57→ 14,791.68 total(indirect: Beneficially owned through Heritage Assets SCSp)Exp: 2026-09-03→ Ordinary Shares (41 underlying)
Footnotes (5)
- [F1]The price reported is a weighted average price. The Ordinary Shares were sold in multiple transactions at prices ranging from $30.00 to $30.29 per Ordinary Share, inclusive. The reporting person undertakes to provide to Arqit Quantum Inc. (the "Issuer") (ARQQ), any security holder of the Issuer or the staff of the Securities and Exchange Commission (the "Commission"), upon request, full information regarding the number of Ordinary Shares sold at each separate price within the range set forth in this footnote.
- [F2]The price reported is a weighted average price. The Ordinary Shares were sold in multiple transactions at prices ranging from $30.00 to $30.93 per Ordinary Share, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Commission, upon request, full information regarding the number of Ordinary Shares sold at each separate price within the range set forth in this footnote.
- [F3]On September 19, 2024, the Issuer 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 369,792 Business Combination Warrants, which, if exercised in full, would be equivalent to 14,791.68 ARQQ ordinary shares on a post-reverse stock split basis.
- [F4]The price reported is a weighted average price. The Business Combination Warrants were sold in multiple transactions at prices ranging from $1.22 to $1.79 per Business Combination Warrant, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Commission, upon request, full information regarding the number of Business Combination Warrants sold at each separate price within the range set forth in this footnote.
- [F5]The price reported is a weighted average price. The Business Combination Warrants were sold in multiple transactions at prices ranging from $1.35 to $1.79 per Business Combination Warrant, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Commission, upon request, full information regarding the number of Business Combination Warrants sold at each separate price within the range set forth in this footnote.
Signature
/s/ Amir Heyat, as Attorney-in-Fact|2026-07-02