Xanadu Quantum Technologies Limited (NASDAQ/TSX: XNDU) announced that its Chief Operating Officer, Rafal Janik, has entered into an automatic securities disposition plan to sell Class B Subordinate Voting Shares of the company.

Sales under the plan are eligible to commence on or after December 29, 2026, and the plan will terminate no later than December 31, 2027. The plan allows for the sale of up to 312,914 Class B Shares, which may include shares currently held by Mr. Janik as well as shares issued upon vesting or exercise of options and restricted share units granted as compensation.

According to the company's statement, the plan was entered into when Mr. Janik was not in possession of material non-public information regarding Xanadu. Trades will be executed by an independent securities broker in accordance with pre-arranged trading parameters, price restrictions, and other instructions set out in the plan.

The plan has been adopted in accordance with applicable securities laws and Xanadu's internal policies, and contains restrictions on Mr. Janik's ability to modify, suspend, or terminate it. The plan was authorized in the form approved by Xanadu and follows recommended practices set forth in Staff Notice 55-317 of the Canadian Securities Administrators.