Sequans (SQNS) director reports warrants and ADS-based share exposure

Rhea-AI Filing Summary

SEQUANS COMMUNICATIONS director Jason Cohenour has filed an initial ownership report detailing his stake in the company. He directly holds warrants over 360,000 ordinary shares at an exercise price of $0.15 per ordinary share, expiring on June 30, 2035. He also directly holds American Depositary Shares representing 710,000 underlying ordinary shares. The footnotes clarify that each American Depositary Share represents 100 ordinary shares and that these depositary shares do not have an exercise price, exercise date or expiration date.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Cohenour Jason

Role Director

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

Holdings After Transaction: Warrants — 360,000 shares (Direct); American Depositary Share — 710,000 shares (Direct)

Footnotes (1)

1. Warrant exercise price is the price per ordinary share; there are 100 ordinary shares represented by each American Depositary Share Each American Depositary Share represents 100 ordinary shares American Depositary Shares do not have an exercise date, exercise price nor expiration date

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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^*

Cohenour Jason

(Last) (First) (Middle)

9035 SHEARWATER ROAD

(Street)

BLAINE WASHINGTON 98230

(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)

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

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)

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
Warrants(1)	06/30/2026	06/30/2035	Ordinary Shares	360,000	$0.15(1)	D
American Depositary Share(2)	(3)	(3)	Ordinary Shares(2)	710,000(2)	(3)	D

Explanation of Responses:

1. Warrant exercise price is the price per ordinary share; there are 100 ordinary shares represented by each American Depositary Share

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, Attorney-in-Fact for Jason Cohenour	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 Jason Cohenour show?

The Form 3 shows Jason Cohenour’s initial ownership in Sequans Communications. He reports direct holdings of warrants over 360,000 ordinary shares at $0.15 per share and American Depositary Shares representing 710,000 underlying ordinary shares.

How many Sequans ordinary shares are covered by Jason Cohenour’s warrants?

Cohenour’s warrants cover 360,000 Sequans ordinary shares. These warrants have an exercise price of $0.15 per ordinary share and expire on June 30, 2035, providing long-dated derivative exposure to the company’s equity.

What Sequans American Depositary Share holdings does Jason Cohenour report?

Cohenour reports American Depositary Shares representing 710,000 underlying ordinary shares. Each American Depositary Share represents 100 ordinary shares, and the depositary shares themselves have no exercise date, exercise price or expiration date according to the filing footnotes.

What is the significance of the $0.15 exercise price on Sequans warrants?

The $0.15 exercise price is the cost per ordinary share if the warrants are exercised. Cohenour’s warrants give him the right, but not the obligation, to acquire 360,000 ordinary shares at $0.15 per share until June 30, 2035.

Do Sequans American Depositary Shares held by Jason Cohenour expire or require exercise?

The American Depositary Shares reported do not expire and have no exercise price. Footnotes explain that these securities have no exercise date, exercise price or expiration, and each represents 100 underlying ordinary shares of Sequans.