Ritchie Garth 4

What Happened
Ritchie Garth, a director of Arqit Quantum Inc. (ARQQ), exercised ordinary share purchase warrants to acquire 73,562 common shares on 2026-06-05. He paid $2.50 per share for a total cash outlay of $183,905. The filing shows the related derivative (the warrants) was surrendered/converted in the transaction.

Key Details

• Transaction date: 2026-06-05. Transaction code: M (exercise/conversion of derivative).
• Shares acquired: 73,562 common shares at $2.50 each; total = $183,905.
• Derivative disposition: 73,562 warrant units surrendered/converted (reported at $0).
• Footnote: F1 — Ordinary Share Purchase Warrants exercised at $2.50 per share.
• Shares owned after transaction: not disclosed in the filing.
• Timeliness: filing indicates no late-report flag; no late filing noted.
• Regulatory note: As a foreign private issuer under Rule 3a12-3(b), the issuer reports that Sections 16(b) and 16(c) of the Exchange Act do not apply to these transactions.

Context
This was an outright exercise of warrants for cash (not a cashless or immediate sale of the acquired shares). Exercises convert a derivative (warrant) into common stock and are typically routine corporate actions rather than market directional trades; they increase insider common-stock holdings but do not by themselves indicate a change in sentiment.