Sequans (SQNS) EVP Sales Nikhil Taluja discloses substantial share and option holdings

Rhea-AI Filing Summary

SEQUANS COMMUNICATIONS EVP Sales Nikhil Taluja has filed an initial ownership report showing a sizable equity position in the company. He reports direct holdings of 759,800 ordinary shares and American Depositary Shares representing 775,200 underlying ordinary shares. In addition, he holds stock options over 190,000 ordinary shares with a per-share exercise price of 1.7700 expiring on October 25, 2026. Some of these shares are noted as being subject to vesting, and each American Depositary Share represents 100 ordinary shares.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Taluja Nikhil

Role EVP Sales

Type	Security	Shares	Price	Value
holding	American Depositary Share	--	--	--
holding	Stock Options	--	--	--
holding	Ordinary Shares	--	--	--

Holdings After Transaction: American Depositary Share — 775,200 shares (Direct); Stock Options — 190,000 shares (Direct); Ordinary Shares — 759,800 shares (Direct)

Footnotes (1)

1. All are shares subject to vesting Each American Depositary Share represents 100 ordinary shares American Depositary Shares do not have an exercise date, exercise price nor expiration date This is the exercise price per ordinary share. Each listed security (American Depositary Share) represents 100 ordinary shares.

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Taluja Nikhil

(Last) (First) (Middle)

1715 REDWING DRIVE

(Street)

SOUTHLAKE TEXAS 76092

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
SEQUANS COMMUNICATIONS [ SQNS ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP Sales

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary Shares(1)	759,800	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
American Depositary Share(2)	(3)	(3)	Ordinary Shares	775,200	(3)	D
Stock Options	09/03/2020	10/25/2026	Ordinary Shares	190,000	$1.77(4)	D

Explanation of Responses:

1. All are shares subject to vesting

2. Each American Depositary Share represents 100 ordinary shares

3. American Depositary Shares do not have an exercise date, exercise price nor expiration date

4. This is the exercise price per ordinary share. Each listed security (American Depositary Share) represents 100 ordinary shares.

Remarks:

	/s/Deborah A. Choate, Attorney-in-Fact for Nikhil Taluja	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does the SQNS Form 3 filing by Nikhil Taluja show?

The Form 3 shows EVP Sales Nikhil Taluja’s initial equity stake in SEQUANS COMMUNICATIONS. He reports direct ordinary shares, American Depositary Shares tied to ordinary shares, and stock options with a defined exercise price and expiration date, outlining his overall alignment with shareholders.

How many ordinary shares does Nikhil Taluja directly hold in SQNS?

Nikhil Taluja directly holds 759,800 ordinary shares of SEQUANS COMMUNICATIONS. This position is reported as part of his initial ownership statement and reflects his direct equity exposure to the company’s performance as an executive vice president of sales.

What stock options over SQNS shares does Nikhil Taluja report?

He reports stock options over 190,000 ordinary shares with an exercise price of 1.7700 per ordinary share. These options expire on October 25, 2026, giving him potential future rights to acquire additional equity if exercised before expiration.

How many underlying ordinary shares are tied to Taluja’s American Depositary Shares in SQNS?

The filing lists American Depositary Shares representing 775,200 underlying ordinary shares. Each American Depositary Share corresponds to 100 ordinary shares, and these instruments are reported as directly owned without an exercise date, exercise price, or expiration date attached.

Are Nikhil Taluja’s SQNS holdings subject to vesting conditions?

The footnotes state that all are shares subject to vesting, indicating some or all reported equity interests vest over time. Vesting generally means rights to certain shares or options become exercisable or owned according to predetermined service or performance conditions.

Does the SQNS Form 3 show any recent share purchases or sales by Nikhil Taluja?

The Form 3 functions as an initial ownership report and lists holdings rather than recent trades. Transactions are categorized as holdings with unknown transaction codes, and the summary data show no recorded buys, sells, or derivative exercises in this specific filing.