Arqit clarifies certain Form 144 filings
LONDON, April 03, 2024 (GLOBE NEWSWIRE) — Arqit Quantum Inc. (Nasdaq:ARQQ, ARQQW) (Arqit), a leader in quantum-safe encryption, announced today clarification regarding certain Form 144 filings. On a routine basis, Form 144 filings are made by officers and directors of the Company in connection with shares sold to cover tax obligations arising from the vesting of compensatory equity grants (also known as “sale to cover” transactions). Such “sale to cover” transactions do not represent any discretionary sales by those officers and directors. Commencing with Form 144 filings in April 2024, Fidelity Stock Plan Services, which administers Arqit’s employee share plan, will denote “sale to cover” transactions in relevant Form 144 filings for greater transparency.