{
  "id": 11037701,
  "title": "Xanadu COO sets up plan to sell up to 312,914 shares",
  "url": "https://urgent.news/2026/09/30/xanadu-coo-sets-up-plan-to-sell-up-to-312-914-shares",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T21:44:32.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/xanadu-coo-sets-up-plan-to-sell-up-to-312914-shares-93CH-4925989"
  },
  "original_language": "en",
  "account": "Xanadu Quantum Technologies Limited, a company involved in photonic quantum computing, has revealed that its Chief Operating Officer, Rafal Janik, has put in place an automatic securities disposition plan. This plan enables Janik to sell up to 312,914 Class B Subordinate Voting Shares of the company. The plan was established in compliance with relevant securities laws and the company's internal policies. The sales are set to commence on or after December 29, 2026, and the plan will end no later than December 31, 2027. The shares that may be sold comprise those held by Janik and any shares that could become available upon the vesting or exercise of his options and restricted share units. It's important to note that Janik did not have access to material non-public information about Xanadu when he set up this plan. The plan allows for trades to be executed based on pre-determined instructions that were established before Janik gained access to such information. An independent securities broker will facilitate the sales, adhering to the trading parameters, price restrictions, and other guidelines outlined in the plan. Any modifications, suspensions, or terminations of the plan must be approved by Janik. This announcement adheres to the recommended practices outlined in Staff Notice 55-317 Automatic Securities Disposition Plans by the Canadian Securities Administrators. Further details about the plan and any associated transactions can be found on SEDI at www.sedi.ca.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}