Lefebvre d'Ovidio Manfredi 4

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.