Pointon Nicholas 4

What Happened

Nicholas Pointon, CFO of Arqit Quantum (ARQQ), had restricted stock units (RSUs) vest and convert into 3,414 ordinary shares on April 1, 2026 (no exercise price). He then sold 1,709 of those shares in an open-market transaction on April 2, 2026 at $13.32 per share, generating proceeds of $22,764. The filing shows the RSU conversions (derivative code M) at $0.00 and the single open-market sale (code S) for cash.

Key Details

• Transaction dates: RSU conversions recorded 2026-04-01; open-market sale on 2026-04-02.
• Sale details: 1,709 shares sold at $13.32 each = $22,764 total.
• RSUs converted: 2,083 + 403 + 104 + 824 = 3,414 shares converted 1-for-1 (acquired at $0.00).
• Shares owned after transaction: not specified in the filing.
• Vesting notes: RSUs convert one-for-one into ARQQ shares; multiple footnotes describe staggered quarterly vesting schedules (April/July/Oct 2026 and through 2027–2028 for some grants).
• Regulatory note: Issuer is a foreign private issuer under Rule 3a12-3; transactions are exempt from Sections 16(b) and 16(c).
• Filing timeliness: Reported on 2026-04-03 for transactions on Apr 1–2, 2026; filing appears timely.

Context

The April 1 entries are conversions of vested RSUs (a non-cash award becoming ordinary shares). The April 2 sale disposed of part of those converted shares; remaining converted shares are not reported as sold in this Form 4. Such sales following RSU vesting are common (e.g., to cover taxes or realize gains) and are routine insider transactions rather than a standalone signal of company outlook.