How do Sequans Communications (SQNS) ordinary shares relate to its American Depositary Shares?

A footnote states that each American Depositary Share of Sequans Communications represents 100 ordinary shares. The warrant exercise prices disclosed, such as 0.5400 or 1.5100, are quoted on a per-ordinary-share basis rather than per American Depositary Share.

Sequans director reports warrant positions

Q: What types of securities does Richard Nottenburg hold in Sequans Communications (SQNS)?

He holds several series of warrants over Sequans Communications’ ordinary shares. Each series has its own exercise price, number of underlying ordinary shares, and expiration date, creating a structured derivative position rather than direct ownership of the underlying stock at this time.

Q: Does Richard Nottenburg’s SQNS Form 3 show any recent buying or selling activity?

The data presented reflects holding entries only, showing warrant positions and their terms without recording any explicit buy or sell transactions. Transaction counts for purchases, sales, exercises, gifts, or restructurings are all listed as zero in the summary.

Richard N. Nottenburg, a director of Sequans Communications, reports beneficial ownership of several series of warrants on the company’s ordinary shares.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

Richard N. Nottenburg, a director of Sequans Communications, reports beneficial ownership of several series of warrants on the company’s ordinary shares. The positions include warrants exercisable into 36,000 ordinary shares at an exercise price of 1.5100 per share, 180,000 shares at 0.5400, and 140,000 shares at 1.4900, among other series with expirations between 2026 and 2035. A footnote explains that each American Depositary Share represents 100 ordinary shares, and the stated exercise price is quoted per ordinary share.

Insider Trade Summary

10 transactions reported

Mixed 10 txns

Insider Nottenburg Richard N

Role Director

Type	Security	Shares	Price	Value
holding	Warrants	--	--	--
holding	Warrants	--	--	--
holding	Warrants	--	--	--
holding	Warrants	--	--	--
holding	Warrants	--	--	--
holding	Warrants	--	--	--
holding	Warrants	--	--	--
holding	Warrants	--	--	--
holding	Warrants	--	--	--
holding	Warrants	--	--	--

Holdings After Transaction: Warrants — 1,352,000 contracts (Direct)

Footnotes (1)

F1. Warrant exercise price is the price per ordinary share; there are 100 ordinary shares represented by each American Depositary Share

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does Richard Nottenburg’s Form 3 for SQNS disclose?

It discloses that director Richard N. Nottenburg beneficially owns multiple warrant positions on Sequans Communications’ ordinary shares, each with specified exercise prices, share amounts, and expiration dates, providing a detailed view of his derivative-based exposure to the company’s equity.

What types of securities does Richard Nottenburg hold in Sequans Communications (SQNS)?

He holds several series of warrants over Sequans Communications’ ordinary shares. Each series has its own exercise price, number of underlying ordinary shares, and expiration date, creating a structured derivative position rather than direct ownership of the underlying stock at this time.

What are some key warrant terms reported in SQNS director Richard Nottenburg’s holdings?

Key terms include warrants exercisable into 36,000 ordinary shares at an exercise price of 1.5100 per share and 180,000 ordinary shares at 0.5400 per share, alongside other series with expirations ranging from 2026 through 2035, reflecting long-dated derivative exposure.

Does Richard Nottenburg’s SQNS Form 3 show any recent buying or selling activity?

The data presented reflects holding entries only, showing warrant positions and their terms without recording any explicit buy or sell transactions. Transaction counts for purchases, sales, exercises, gifts, or restructurings are all listed as zero in the summary.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/18/2026 - 06:27 AM

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^*

Nottenburg Richard N

(Last)

(First)

(Middle)

15-55 BOULEVARD CHARLES DE GAULLE

(Street)

COLOMBES

92700

(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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	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)
Warrants	06/29/2023	06/29/2030	Ordinary Shares	36,000	$1.51⁽¹⁾	D
Warrants	06/27/2024	06/27/2033	Ordinary Shares	180,000	$0.54⁽¹⁾	D
Warrants	06/25/2022	06/25/2031	Ordinary Shares	140,000	$1.49⁽¹⁾	D
Warrants	06/24/2023	06/24/2032	Ordinary Shares	140,000	$0.65⁽¹⁾	D
Warrants	06/30/2026	06/30/2035	Ordinary Shares	360,000	$0.15⁽¹⁾	D
Warrants	06/29/2019	06/29/2026	Ordinary Shares	40,000	$1.86⁽¹⁾	D
Warrants	07/02/2021	07/02/2028	Ordinary Shares	30,000	$2.04⁽¹⁾	D
Warrants	07/01/2022	07/01/2029	Ordinary Shares	36,000	$2.89⁽¹⁾	D
Warrants	06/28/2025	06/28/2034	Ordinary Shares	360,000	$0.13⁽¹⁾	D
Warrants	07/03/2020	07/03/2027	Ordinary Shares	30,000	$3.31⁽¹⁾	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

Remarks:

	/S/Deborah A. Choate, Attorney-in-Fact for Richard N. Nottenburg	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)

Source: View Original Filing on SEC EDGAR