SEQUANS COMMUNICATIONS (SQNS) CFO discloses RSUs for 600,000 ordinary shares

Rhea-AI Filing Summary

SEQUANS COMMUNICATIONS CFO Norman Brodt filed an initial ownership report showing Restricted Share Units (RSUs) linked to 600,000 ordinary shares. These RSUs vest over time, with the final vesting date on August 5, 2028. The RSUs have no exercise price, and each American Depositary Share represents 100 ordinary shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Brodt Norman

Role CFO

Type	Security	Shares	Price	Value
holding	Restricted Share Unit	--	--	--

Holdings After Transaction: Restricted Share Unit — 600,000 shares (Direct, null)

Footnotes (1)

1. Restricted Share Units vest over time. The date reported is the final vesting date. Once RSU are vested they do not expire. This represents the final vesting date. Each American Depositary Share represents 100 ordinary shares Restricted Share Units do not have an exercise or conversion price.

Key Figures

Underlying ordinary shares: 600,000 shares Exercise/Conversion price: $0.0000 per share Final vesting date: August 5, 2028 +1 more

4 metrics

Underlying ordinary shares 600,000 shares Ordinary shares underlying reported RSUs

Exercise/Conversion price $0.0000 per share RSUs do not have an exercise or conversion price

Final vesting date August 5, 2028 Footnote states this is the final vesting date for RSUs

ADS to ordinary share ratio 1 ADS = 100 ordinary shares Relationship between American Depositary Shares and ordinary shares

Key Terms

Restricted Share Unit, American Depositary Share, vesting, exercise or conversion price

4 terms

Restricted Share Unit financial

"Restricted Share Units vest over time. The date reported is the final vesting date."

A restricted share unit (RSU) is a promise by a company to give an employee a set number of company shares at a future date, typically after meeting time or performance conditions. For investors, RSUs matter because when they convert into actual shares they increase the number of shares outstanding (like unlocking more tickets in a game), which can dilute existing holders, and they align employee incentives with company performance, influencing behavior and long-term value.

American Depositary Share financial

"Each American Depositary Share represents 100 ordinary shares"

An American Depositary Share (ADS) is a U.S.-listed certificate that represents a specified number of shares in a foreign company, held by a custodian bank; it works like a receipt that allows U.S. investors to buy and trade foreign equity on American exchanges without dealing with another country’s markets. Investors care because ADSs make foreign stocks easier to access, improve liquidity and settlement in dollars, and can affect dividend payments, voting rights and regulatory oversight compared with buying the underlying foreign shares directly.

vesting financial

"Restricted Share Units vest over time. The date reported is the final vesting date."

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

exercise or conversion price financial

"Restricted Share Units do not have an exercise or conversion price."

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Understanding Insider Trading Forms →

Available on EDGAR 07/01/2026 - 02:52 PM Accepted by SEC EDGAR 07/01/2026 - 02:51 PM Learn about SEC filing dates

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^*

Brodt Norman

(Last) (First) (Middle)

15-55 BD CHARLES DE GAULLE

(Street)

COLOMBES 92700

(City) (State) (Zip)

FRANCE

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
07/01/2026

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)

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
Restricted Share Unit	08/05/2028(1)	08/05/2028(2)	Ordinary Shares(3)	600,000(3)	(4)	D

Explanation of Responses:

1. Restricted Share Units vest over time. The date reported is the final vesting date.

2. Once RSU are vested they do not expire. This represents the final vesting date.

3. Each American Depositary Share represents 100 ordinary shares

4. Restricted Share Units do not have an exercise or conversion price.

Remarks:

	/s/Norman Brodt	07/01/2026
	** 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 insider position did SEQUANS COMMUNICATIONS (SQNS) CFO report on this Form 3?

The CFO reported holding Restricted Share Units tied to 600,000 ordinary shares. These RSUs represent potential future share delivery as they vest over time, rather than an immediate stock purchase or sale.

How do the SEQUANS COMMUNICATIONS (SQNS) RSUs held by the CFO vest?

The RSUs vest over time, with August 5, 2028 disclosed as the final vesting date. This means portions of the award become earned gradually until the final vesting milestone is reached.

Do the SEQUANS COMMUNICATIONS (SQNS) RSUs have an exercise price?

The RSUs have no exercise or conversion price. Once vested, they convert into ordinary shares according to the award terms, without the holder paying a per-share exercise price.

What does the 600,000 underlying shares figure mean for SQNS CFO’s RSUs?

The filing states the RSUs are linked to 600,000 underlying ordinary shares. This number reflects the potential total ordinary shares deliverable upon full vesting of the reported RSU position.

How are SEQUANS COMMUNICATIONS (SQNS) American Depositary Shares related to ordinary shares?

Each American Depositary Share represents 100 ordinary shares. This ratio helps investors translate between the company’s ordinary shares and the ADSs commonly traded in certain markets.

Does this SEQUANS COMMUNICATIONS (SQNS) Form 3 show any insider buying or selling?

The Form 3 reflects an initial ownership report with an RSU holding entry and an unknown transaction code. It does not show explicit open-market buying or selling activity by the CFO.