4Accepted Sep 15, 9:30 PM ET
Horizon Quantum (HQ) CEO Fitzsimons Sells 3,438 Shares, Vests RSUs
Accepted (ET)
9:30 PM
Sep 15, 2026
Filed
Sep 15, 2026
Documents
1
Size
12.6 KB
Summary
Horizon Quantum (HQ) CEO Fitzsimons Sells 3,438 Shares, Vests RSUs
What Happened
- Dr. Joseph Fitzsimons, CEO of Horizon Quantum Holdings Ltd., had 14,321 restricted stock units (RSUs) vest on September 12, 2026. Those RSUs were converted into ordinary shares (exercise/conversion).
- Of the newly vested shares, 3,438 were disposed to the issuer in a cash settlement at $15.22 per share, producing proceeds of $52,326. The remaining vested shares were retained (no open-market sale reported).
- These vested RSUs came from a June 12, 2026 grant of 229,148 RSUs that vest in 16 roughly equal quarterly installments (≈14,321 shares per quarter), subject to continued employment.
Key Details
- Transaction dates and prices:
- Grant: June 12, 2026 — 229,148 RSUs awarded (A) at $0.00 (contingent units).
- Vesting / Conversion: September 12, 2026 — 14,321 RSUs vested and converted to shares (M) at $0.00.
- Disposition to issuer (cash settlement): September 12, 2026 — 3,438 shares at $15.22 each = $52,326 (D). Footnote states $15.22 was the last reported sales price on Sept 11, 2026.
- Shares owned after transaction: Not specified in the Form 4 filing.
- Notable footnotes:
- F1: 14,321 RSUs vested on Sept 12, 2026.
- F2: The June 12 grant vests in 16 quarterly installments, contingent on continued employment.
- F3: The 3,438-share disposition represents a cash settlement of a portion of the vested RSUs, priced at the last reported sale price.
- Filing timeliness: Form 4 filed Sept 15, 2026. The filing itself does not indicate a late reporting designation.
Context
- This was primarily a scheduled RSU vesting event and a partial cash settlement of those vested units rather than an open-market sale. Cash settlements of vested RSUs are commonly used to cover tax withholding or to realize net cash value and do not necessarily signal the insider’s view of the company’s prospects.
- Transaction codes: A = Award/Grant, M = Exercise/Conversion of derivative (here, RSUs converting to shares), D = Disposition to issuer (cash settlement).