Lefebvre d'Ovidio Manfredi 4
4 · Arqit Quantum Inc. · Filed Jul 9, 2026
Research Summary
AI-generated summary of this filing
Arqit (ARQQ) Director Lefebvre d'Ovidio Manfredi Sells Warrants
What Happened
- Director Lefebvre d'Ovidio Manfredi sold Business Combination Warrants (a derivative security) in two open-market transactions: 40 warrants on 2026-07-07 at a weighted average price of $1.17 (proceeds $47) and 110 warrants on 2026-07-08 at a weighted average price of $1.40 (proceeds $154). Total proceeds reported: $201.
- These were sales of warrants, not sales of Arqit ordinary shares—sales are typically routine insider liquidity events and do not necessarily indicate a change in company fundamentals.
Key Details
- Transaction dates and prices: 2026-07-07 — 40 warrants @ $1.17 (WAP); 2026-07-08 — 110 warrants @ $1.40 (WAP).
- Total warrants sold: 150; total proceeds: $201.
- Reported beneficial holdings: the filing’s footnote states the reporting person beneficially owns 362,721 Business Combination Warrants (as reported).
- Notable footnotes:
- Reverse split: Arqit completed a 25-for-1 reverse stock split (9/19/2024). Each warrant converts to 0.04 post-split share; warrants are exercisable only in whole warrant increments, so 25 warrants are needed to obtain one whole ordinary share at an aggregate exercise price of $287.50.
- Pricing ranges: the 7/7 sale prices ranged $1.15–$1.19 (weighted avg $1.17); the 7/8 sales ranged $1.32–$1.49 (weighted avg $1.40).
- Filing/timeliness: Form 4 was filed 2026-07-09 for transactions on 2026-07-07 and 2026-07-08; the filing appears timely. The filing also notes the issuer’s foreign private issuer status and that these transactions are exempt from Sections 16(b) and 16(c).
Context
- These were warrant sales (derivative disposals), not exercises or sales of ordinary shares. Each Business Combination Warrant has an $11.50 exercise price and, after the reverse split, 25 warrants are required to purchase one whole share.
- Sales by insiders can be routine liquidity; they are informative about insider activity but do not, by themselves, prove sentiment about future company prospects.
Insider Transaction Report
Form 4
Lefebvre d'Ovidio Manfredi
Director
Transactions
- Sale
Business Combination Warrants (right to buy)
[F1][F2]2026-07-07$1.17/sh−40$47→ 14,618.52 total(indirect: Beneficially owned through Heritage Assets SCSp)Exp: 2026-09-03→ Ordinary Shares (40 underlying) - Sale
Business Combination Warrants (right to buy)
[F1][F3]2026-07-08$1.40/sh−110$154→ 14,508.84 total(indirect: Beneficially owned through Heritage Assets SCSp)Exp: 2026-09-03→ Ordinary Shares (110 underlying)
Footnotes (3)
- [F1]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 362,721 Business Combination Warrants, which, if exercised in full, would be equivalent to 14,508.84 ARQQ ordinary shares on a post-reverse stock split basis.
- [F2]The price reported is a weighted average price. The Business Combination Warrants were sold in multiple transactions at prices ranging from $1.15 to $1.19 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 Securities and Exchange Commission (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.
- [F3]The price reported is a weighted average price. The Business Combination Warrants were sold in multiple transactions at prices ranging from $1.32 to $1.49 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|2026-07-09