4Filed Jul 16, 8:00 PM ET
Arqit Quantum (ARQQ) Director Ritchie Garth Receives 841 RSU Award
$ARQQ · Arqit Quantum Inc.Research Summary
AI-generated summary of this SEC filing
Arqit Quantum (ARQQ) Director Ritchie Garth Receives 841 RSU Award
What happened
- Ritchie Garth, a director of Arqit Quantum Inc. (ARQQ), received a grant of 841 restricted stock units (RSUs) on July 15, 2026. The award was recorded at $0.00 per unit (derivative award), meaning no cash was paid by the reporting person.
- Per the filing, each RSU converts into one ordinary share on a one-for-one basis and the RSUs vest within the week of the grant date.
Key details
- Transaction date: 2026-07-15; Form 4 filed: 2026-07-17.
- Grant type/code: A (award/grant — derivative RSUs).
- Amount: 841 RSUs; price per unit reported as $0.00.
- Shares owned after transaction: Not specified in the disclosed Form 4.
- Footnote: F1 — RSUs convert 1:1 to ordinary shares and vest within the week of the grant date.
- Regulatory note: The issuer is a foreign private issuer (Rule 3a12-3(b)), so the reporting person's transactions are exempt from Sections 16(b) and 16(c) of the Exchange Act (per the filing remarks).
Context
- RSU grants are typically compensation for service rather than open‑market purchases or sales; they become shares when they vest and convert. Such awards are common for directors and do not, by themselves, indicate the director is buying or selling stock in the market.
- This filing appears timely (filed two days after the transaction); no late‑filing flag is shown in the disclosed information.