Fitzsimons Joseph Francis 4
4 · Horizon Quantum Holdings Ltd. · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
Horizon Quantum (HQ) CEO Joseph Fitzsimons Receives Award
What Happened Dr. Joseph Fitzsimons, CEO of Horizon Quantum Holdings Ltd., acquired 19,744,585 Class B ordinary shares on March 19, 2026. The filing reports this as an award/acquisition (code A); no per-share price or cash value is reported (N/A). The shares were issued/received in connection with the closing of a business combination under the Business Combination Agreement (BCA).
Key Details
- Transaction date: March 19, 2026. Form 4 filed March 24, 2026 (filed one business day after the typical two-business-day filing window).
- Transaction type/code: A — grant, award, or other acquisition. Considered issuance/exchange, not an open-market purchase.
- Shares received: 19,744,585 Class B ordinary shares. Price/value: N/A (not reported on Form 4).
- Shares owned after transaction: 19,744,585 Class B ordinary shares (these were received in exchange for his Legacy Horizon holdings).
- Relevant footnotes:
- F1: Each Class B share is convertible at any time into one Class A ordinary share (1:1).
- F2/F3: Shares were received upon closing of the business combination described in the Form F-4; Fitzsimons exchanged his 8,108,696 Legacy Horizon shares for the 19,744,585 Class B shares under the BCA.
Context This was a corporate-transaction acquisition tied to the business combination (not a market buy or option exercise). Because no dollar amount was reported on the Form 4, retail investors should consult the company’s Form F-4 and the market price of Horizon Quantum (HQ) to estimate the economic value. The filing appears to have been submitted one business day after the usual two-business-day reporting deadline.
Insider Transaction Report
- Award
Class B Ordinary Shares
[F1][F2][F3]2026-03-19+19,744,585→ 19,744,585 total
Footnotes (3)
- [F1]Each Class B ordinary share, with no par value (the "Class B Ordinary Shares"), is convertible, at any time, in exchange for one Class A ordinary share, with no par value (the "Class A Ordinary Shares").
- [F2]Class B Ordinary Shares, received on March 19, 2026, upon the closing of business combination (the "Business Combination") contemplated by the Business Combination Agreement, dated as of September 9, 2025 (the "BCA"), by and among Horizon Quantum Computing Pte. Ltd. ("Legacy Horizon"), dMY Squared Technology Group, Inc., Horizon Quantum Holdings Ltd. (the "Company") and certain other parties, as described in the Registration Statement on Form F-4, as amended and supplemented (File No. 333-292737), initially filed with the U.S. Securities and Exchange Commission on January 14, 2026, and declared effective on February 17, 2026.
- [F3]Pursuant to the BCA and as a result of the Business Combination, Dr. Fitzsimons exchanged his then outstanding 8,108,696 ordinary shares of Legacy Horizon for 19,744,585 Class B Ordinary Shares of the Company.