Arqit Quantum Inc: general manager-us Nilan Nicholas William exercised 960 shares

What happened Nilan Nicholas William, general manager-us, exercised or converted a derivative for 960 shares on Oct 1, 2026. The filing shows acquisition of 960 shares at $0.00 (total $0) and a corresponding disposition of 960 derivative shares with the price reported as N/A (transaction code M).

Key details

• Transaction date and price: Oct 1, 2026; acquired 960 shares at $0.00 (total $0); disposition of 960 derivative shares at price reported as N/A. Transaction code M (exercise or conversion of derivative) is listed.
• Shares owned after the transaction: not reported in the filing.
• Footnotes: F1 — RSUs convert into ARQQ ordinary shares on a one-for-one basis. F2 — each RSU represents a contingent right to one ordinary share; 2,879 RSUs vest on Oct 1, 2026 and the remaining RSUs vest quarterly in equal installments on Jan 1, Apr 1, Jul 1, Oct 1, 2027 and Jan 1, Apr 1, Jul 1, Oct 1, 2028.
• Remarks: the filing states the issuer is a foreign private issuer under Rule 3a12-3(b) and that the reporting person's transactions are exempt from Sections 16(b) and 16(c). Ex.24 — Power of Attorney. The filing does not indicate it was filed late.

Why it may matter

• The filing reports an exercise or conversion of a derivative (transaction code M) and a corresponding disposition of derivative shares. The filing does not state whether the resulting shares were sold at once (cashless exercise).
• This filing does not show why the insider traded or why the company acted.