Lefebvre d'Ovidio Manfredi 4

What Happened
Lefebvre d'Ovidio Manfredi, a director of Arqit Quantum Inc. (ARQQ), had 4,133 restricted share units (RSUs) vest on July 1, 2026. The Form 4 shows conversion/exercise (transaction code M) of those RSUs into the same number of ordinary shares (acquisitions at $0.00) and corresponding disposals of 4,133 shares on the same day (disposals also shown at $0.00). The filing does not report a cash purchase or sale price for the shares.

Key Details

• Transaction date: July 1, 2026; Form 4 filed July 6, 2026 (reports the July 1 activity).
• Transactions reported as: acquisitions (conversion of RSUs) and immediate disposals — 3,584 + 50 + 250 + 249 = 4,133 shares total. All entries show $0.00 per share.
• Shares owned after transaction: not specified in the provided excerpt.
• Footnotes: F1–F5 state RSUs convert one-for-one into ordinary shares and describe quarterly vesting schedules; F3 confirms these RSUs vested on July 1, 2026.
• Filing notes the issuer is a foreign private issuer and the reporting person’s transactions are exempt from Sections 16(b) and 16(c) of the Exchange Act.

Context
This is a derivative/award conversion (RSUs vesting and converting to shares) rather than an open-market buy or sell. The immediate disposals recorded at $0.00 are commonly associated with net share settlement or share withholding to satisfy tax withholding obligations, though the Form 4 itself does not state the reason. Because Arqit is a foreign private issuer, these transactions are exempt from certain Section 16 rules; the Form 4 was filed on July 6 reporting the July 1 transactions.