Nilan Nicholas William has reported transactions involving ordinary shares and restricted share units of Arqit Quantum Inc. This filing highlights the ongoing activity and ownership changes within the company, which is significant for stakeholders and the industry.
Background
Arqit Quantum Inc. is a company operating in the services-prepackaged software sector. The company is identified by the Central Index Key (CIK) 0001859690. It has been active in recent filings, including several Form 4 submissions, indicating ongoing transactions related to its securities.
What the Filing Says
In the recent filing dated October 5, 2026, Nilan Nicholas William reported acquiring 960 ordinary shares and 960 restricted share units on October 1, 2026. The filing states, "The Restricted Share Units (RSUs) convert into ARQQ ordinary shares on a one-for-one basis." This indicates a direct ownership of shares following the transactions.
Impact
This update may affect stakeholders, including current and potential investors in Arqit Quantum Inc. The transparency in reporting ownership changes is crucial for maintaining investor confidence and regulatory compliance.
What's Next
The filing does not say what happens next.
Details of the Transactions
The filing indicates that Nilan Nicholas William, in his role as General Manager-US at Arqit Quantum Inc., has acquired a total of 960 ordinary shares and 960 restricted share units (RSUs) on October 1, 2026. Following this transaction, he now owns 7,671 shares in total, reflecting a direct ownership status.
Vesting Schedule of RSUs
According to the filing, the RSUs acquired will vest in a staggered manner. Specifically, 2,879 RSUs vested on October 1, 2026, with the remaining RSUs set to vest quarterly in equal installments on January 1, April 1, July 1, and October 1 for the years 2027 and 2028. This structured vesting schedule may influence the timing of future transactions by the reporting owner.
Foreign Private Issuer Status
The filing notes that Arqit Quantum Inc. is classified as a foreign private issuer under Rule 3a12-3(b) of the Securities Exchange Act of 1934. This status exempts the reporting person's transactions in the company's securities from certain provisions of the Act, specifically Sections 16(b) and 16(c).
Power of Attorney
The filing includes a Power of Attorney document, which designates Patrick Willcocks, Nicholas Pointon, and Noleen McDonnell as attorneys-in-fact for Nilan Nicholas William. This document allows them to execute and submit necessary filings with the SEC on behalf of William, ensuring compliance with reporting obligations under Section 16(a) of the Exchange Act.