Feenan Paul 4

What Happened

• Paul Feenan, Chief Revenue Officer of Arqit Quantum Inc. (ARQQ), had RSUs convert into common shares on April 1, 2026 (reported as acquisitions at $0). The filing shows conversions totaling 3,226 shares (1,666 + 122 + 966 + 472).
• Following the conversions, Feenan sold 1,632 shares in an open-market sale on April 2, 2026 at $13.32 per share, generating $21,738 in gross proceeds. The filing also includes matching derivative disposition entries at $0 for the converted RSUs (see Key Details).

Key Details

• Transaction dates and prices:
  • Apr 1, 2026: RSU conversions/exercise (derivative M) — 3,226 shares acquired at $0.
  • Apr 1, 2026: corresponding derivative disposition entries reported at $0 (technical/administrative).
  • Apr 2, 2026: Open-market sale — 1,632 shares at $13.32 each; proceeds $21,738.
• Shares owned after the transactions: not specified in the filing.
• Notable footnotes: RSUs convert one-for-one to ordinary shares and vest on scheduled quarterly dates (see F1–F5 in the filing for the detailed vesting schedule).
• Reporting/filing note: Issuer is a foreign private issuer; transactions are reported with exemption from Sections 16(b) and 16(c) of the Exchange Act per the filing remarks. No late-filing flag was indicated.

Context

• These transactions are RSU vest/convert events—not option purchases. RSUs converted to shares at $0 cost, and a portion of the resulting shares was sold in the open market the next day. The filing’s $0 “disposed” entries reflect the derivative conversion/reporting mechanics rather than a cash sale; the only cash sale reported is the Apr 2 open-market sale for $21,738.
• This is routine insider selling following RSU vesting; the filing shows the mechanics and proceeds but does not indicate Feenan’s remaining holdings or intent.