Bers Jennifer 4

What Happened
Jennifer Bers, Chief Revenue Officer of Arqit Quantum Inc. (ARQQ), received two grants of restricted share units (RSUs) in April 2026: 9,821 RSUs on 2026-04-01 and 15,000 RSUs on 2026-04-20, for a total of 24,821 RSUs. The awards are derivative (reported as acquisition code "A") with a reported price of $0.00 per share—these are compensation awards, not purchases or open-market trades. The Form 4 covering these transactions was filed on 2026-06-22.

Key Details

• Transaction dates and amounts: 2026-04-01 — 9,821 RSUs @ $0.00; 2026-04-20 — 15,000 RSUs @ $0.00. Total granted: 24,821 RSUs.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Vesting / conversion notes (footnotes): F1 — RSUs convert into ARQQ ordinary shares on a one-for-one basis; the 4/1 grant vests over nine quarters (one-third on 1 Apr 2027, then equally over eight quarters). F2 — the 4/20 RSUs convert 1-for-1 and vest within the same quarter.
• Filing timeliness: The Form 4 was filed more than two months after the April grants (filed 2026-06-22), which is later than the standard two-business-day reporting window for Form 4s.
• Regulatory remark: As noted in the filing, because Arqit is a foreign private issuer, these transactions are exempt from Sections 16(b) and 16(c) of the Securities Exchange Act (short-swing profit rules), per the issuer’s status.

Context
RSUs are compensation awards that convert into ordinary shares when they vest; they do not represent an immediate cash purchase or sale. These grants increase potential future share ownership if and when they vest and convert (one-for-one). Because these are awards, they are routine executive compensation disclosures rather than indications of buying or selling sentiment. The late filing delays public disclosure of the grants; investors who track insider activity should note the timing.