Arqit Quantum Inc: chief revenue officer Feenan Paul sold 533 shares

What happened Feenan Paul, chief revenue officer, exercised or converted RSUs/derivatives totaling 1,034 shares (555, 157, 322) at $0.00 and sold 533 shares in an open-market sale at $23.78 on Oct 5, 2026, for $12,677. The filing also reports disposals of 1,034 derivative-based shares (555, 157, 322) at $0.00 on the same date.

Key details

• Transaction date: Oct 5, 2026. Sale price: $23.78. Exercise/conversion price: $0.00. Sale proceeds shown: $12,677.
• Shares exercised/converted (acquired): 555, 157, 322 (total 1,034). Shares sold (disposed in open market): 533.
• Shares disposed as derivatives: 555, 157, 322 (total 1,034) reported at $0.00.
• Shares owned after the transaction: not stated in the filing.
• Footnotes in the filing:
  • F1: RSUs convert into Arqit ordinary shares on a one-for-one basis.
  • F2: One RSU grant vests quarterly in equal installments on Oct 1, 2026, and Jan 1, Apr 1, Jul 1, and Oct 1, 2027.
  • F3: One RSU grant vests quarterly in equal installments on Oct 1, 2026, and Jan 1, Apr 1, and Jul 1, 2027.
  • F4: One RSU grant vests quarterly in equal installments on Oct 1, 2026, and Jan 1, Apr 1, Jul 1, and Oct 1, 2027, and Jan 1, Apr 1, Jul 1, and Oct 1, 2028.
• The filing notes that because the issuer is a foreign private issuer under Rule 3a12-3(b), the reporting person's transactions are exempt from Sections 16(b) and 16(c) of the Securities Exchange Act of 1934.
• Filing timeliness: the filing does not indicate it was late.

Why it may matter

• The filing shows RSUs were converted (exercised/converted) and some resulting shares were sold in an open-market transaction on the same date. This is not reported as a gift or a 10b5-1 plan in the filing.
• A filing does not show why the insider traded or why the company acted.