SEALSQ Corp (NASDAQ: LAES) director exercises options and settles tax using shares
Rhea-AI Filing Summary
SEALSQ Corp director Peter Ward exercised stock options and had shares withheld to cover taxes. On June 16, 2026, he exercised options to acquire 366,746 ordinary shares at an exercise price of $0.01 per share and related option rights were fully exercised.
To satisfy tax obligations from the exercise, 96,530 ordinary shares were disposed of as a tax-withholding transaction at a fair market value of $3.07 per share. After these transactions, Ward holds 270,531 ordinary shares directly, and no remaining derivative position from the exercised option awards is shown in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 270,216 shares
Net Buy
4 txns
Insider
Ward Peter
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option Plan (right to buy) | 13,649 | $0.00 | $0.00 |
| Exercise | Employee Stock Option Plan (right to buy) | 353,097 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 366,746 | $0.01 | $4K |
| Exercise Price or Tax Liability | Ordinary Shares | 96,530 | $3.07 | $296K |
Holdings After Transaction:
Employee Stock Option Plan (right to buy) — 0 shares (Direct);
Ordinary Shares — 270,531 shares (Direct)
Footnotes (2)
- F1. The value of the withheld shares was calculated using a fair market value of $3.07 per share - the closing share price on June 16, 2026.
- F2. The accompanying tax-offset right, which was granted in tandem with the option, entitles the reporting person to receive, upon exercise of the option, a cash payment equal to the tax withholding incurred in connection with the exercise, including tax withholding incurred on the tax-offset payment.
Key Figures
Options exercised: 366,746 shares at $0.01
Shares withheld for taxes: 96,530 shares at $3.07
Post-transaction holdings: 270,531 shares
+3 more
6 metrics
Options exercised
366,746 shares at $0.01
Ordinary shares acquired via option exercise on June 16, 2026
Shares withheld for taxes
96,530 shares at $3.07
Tax-withholding disposition on June 16, 2026
Post-transaction holdings
270,531 shares
Direct ownership after June 16, 2026 transactions
Option block exercised
353,097 options at $0.01
Employee Stock Option Plan grant expiring April 30, 2032
Additional option block
13,649 options at $0.01
Employee Stock Option Plan grant expiring October 24, 2031
Fair market value used
$3.07 per share
Closing price on June 16, 2026 for tax withholding
Key Terms
tax-withholding disposition, derivative exercise/conversion, Employee Stock Option Plan (right to buy), fair market value, +1 more
5 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion""
Employee Stock Option Plan (right to buy) financial
"security_title: "Employee Stock Option Plan (right to buy)""
fair market value financial
"The value of the withheld shares was calculated using a fair market value of $3.07 per share"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
tax-offset right financial
"The accompanying tax-offset right, which was granted in tandem with the option"
FAQ
What insider transaction did SEALSQ Corp (LAES) director Peter Ward report?
Peter Ward reported exercising stock options for ordinary shares and using some shares to cover taxes. The Form 4 shows option exercises and a tax-withholding disposition, rather than an open-market share purchase or sale.
Were Peter Ward’s SEALSQ Corp (LAES) transactions open-market buys or sells?
The filing does not show open-market buys or sells. It reports option exercises and a tax-withholding disposition, where shares were used to satisfy tax liabilities related to exercising employee stock options.
AI-generated analysis. How Rhea-AI works. Not financial advice.
