Sequans (SQNS) CFO discloses ADS and ordinary share stakes

Rhea-AI Filing Summary

Sequans Communications CFO Deborah Annette Choate filed an initial statement of beneficial ownership. She reports direct holdings of American Depositary Shares representing 1,242,400 ordinary shares, plus 700,708 ordinary shares.

The ordinary share total includes 692,000 shares subject to vesting. The American Depositary Shares have no exercise date, exercise price, or expiration date, and each represents 100 ordinary shares.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Choate Deborah Annette

Role CFO

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

Holdings After Transaction: American Depositary Share — 1,242,400 shares (Direct); Ordinary Shares — 700,708 shares (Direct)

Footnotes (1)

1. Includes 692,000 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

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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Choate Deborah Annette

(Last) (First) (Middle)

15-55 BOULEVARD CHARLES DE GAULLE

(Street)

COLOMBES 92700

(City) (State) (Zip)

FRANCE

(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)
	CFO

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	700,708(1)	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	1,242,400	(3)	D

Explanation of Responses:

1. Includes 692,000 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

Remarks:

	/s/Deborah A. Choate	03/03/2026
	** 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 Sequans (SQNS) Form 3 filing by CFO Deborah Choate show?

The Form 3 shows CFO Deborah Annette Choate’s initial beneficial ownership in Sequans. She reports direct holdings of American Depositary Shares representing 1,242,400 ordinary shares, plus 700,708 ordinary shares, including 692,000 shares that are subject to vesting conditions over time.

How many Sequans (SQNS) ordinary shares does the CFO’s ADS position represent?

The CFO holds American Depositary Shares that represent 1,242,400 underlying ordinary shares. Each American Depositary Share represents 100 ordinary shares, and these ADS are treated as a separate security class without an exercise price, exercise date, or expiration date attached to them.

How many Sequans (SQNS) ordinary shares held by the CFO are subject to vesting?

Out of the 700,708 ordinary shares reported as directly owned, 692,000 shares are subject to vesting. This means most of the reported ordinary share position will become fully owned only as vesting conditions are satisfied according to the applicable equity award terms.

Does the Sequans (SQNS) CFO Form 3 indicate any recent buying or selling activity?

The Form 3 is an initial ownership report and does not indicate any specific recent purchase or sale transactions. It simply establishes Deborah Annette Choate’s existing holdings in American Depositary Shares and ordinary shares at the time of becoming a reporting person.

Do Sequans (SQNS) American Depositary Shares held by the CFO have an exercise price or expiration?

The American Depositary Shares reported by the CFO do not have an exercise date, exercise price, or expiration date. They function as equity interests representing 100 ordinary shares each, rather than options or warrants that would carry specific exercise terms or maturities.