Arqit Director Lefebvre d'Ovidio Converts RSUs, Sells 673 Shares

What Happened
Lefebvre d'Ovidio Manfredi, a director of Arqit Quantum Inc. (ARQQ), had 673 restricted stock units (RSUs) convert into 673 ordinary shares and the same 673 shares were reported disposed on July 17, 2026. Both the acquisition and the disposition are recorded at $0.00 per share, reflecting a non‑cash RSU conversion rather than a cash purchase.

Key Details

• Transaction date: 2026-07-17.
• Reported transactions: Acquired 673 shares @ $0.00 (exercise/conversion, code M); Disposed 673 shares @ $0.00 (derivative).
• Footnote: RSUs convert one-for-one into ARQQ ordinary shares; the RSUs vested within the week of the grant date (F1).
• Filing: Form 4 filed with the SEC on 2026-07-21. The issuer is a foreign private issuer; transactions are noted as exempt from Sections 16(b) and 16(c) of the Exchange Act. (Ex.24 — Power of Attorney referenced.)
• Shares owned after the reported transactions: not specified in the provided excerpt.

Context
A $0.00 acquisition price here indicates conversion of an equity award (RSUs) into shares rather than a market purchase. The near‑immediate disposition often reflects routine actions (e.g., selling vested awards for cash or tax withholding) and does not necessarily signal the director’s view on the company’s stock. For retail investors, outright purchases are generally more indicative of bullish insider conviction than conversions followed by sales.