Calabria Carlo 4

What Happened
Carlo Calabria, a director of Arqit Quantum Inc. (ARQQ), had Restricted Share Units (RSUs) convert into ordinary shares on July 1, 2026. The filing shows conversions/exercises of 50, 250, 250 and 249 RSUs (total 799 shares) at $0.00 per share (acquired). The same 799 shares were reported as disposed the same day (each lot marked as a derivative disposal), so the transaction as reported produced no net increase in beneficial ownership and no cash paid according to the Form 4.

Key Details

• Transaction date: July 1, 2026; Form 4 filed July 6, 2026 (Period of Report: 2026-07-01).
• Price reported: $0.00 for each conversion/exercise (total cash paid per filing = $0).
• Shares acquired: 799 (50 + 250 + 250 + 249). Shares disposed: 799 (same breakdown). Net change: 0 shares.
• Shares owned after transaction: not disclosed in the provided filing details.
• Footnotes: F1 confirms RSUs convert one-for-one into ARQQ ordinary shares; F2 notes these RSUs vested on July 1, 2026. Additional footnotes (F3–F5) list other RSU vesting schedules for future dates.
• Regulatory note: Issuer is a foreign private issuer; the reporting person’s transactions are exempt from Sections 16(b) and 16(c) of the Securities Exchange Act per the filing. Ex.24 (Power of Attorney) attached.

Context

• These were derivative/RSU conversions (transaction code M) rather than open-market buys or sales. Conversions at $0.00 reflect settlement of RSUs into shares per the award terms, not a cash purchase.
• The same-day disposals are reported as “Derivative” in the Form 4; filings like this commonly reflect immediate disposition or withholding associated with RSU settlement (e.g., to cover taxes or fees), though the filing itself does not state the reason.
• Because there is no net purchase (net change = 0), this filing does not signal an increase in insider ownership.