How are American Depositary Shares related to SQNS Ordinary Shares in this filing?

A footnote states that the warrant exercise price is per Ordinary Share and that each American Depositary Share represents 100 Ordinary Shares. This clarifies the pricing basis for the warrants but does not change the underlying share amounts reported.

Sequans director reports warrant holdings

Q: What does the SQNS Form 3 filing by Marced Martin Maria Angeles show?

The Form 3 shows existing warrant holdings by director Marced Martin Maria Angeles in SEQUANS COMMUNICATIONS. It lists three warrant series over Ordinary Shares with specified exercise prices, share amounts, and expiration dates, but no new purchases, sales, or exercises.

Q: How many SEQUANS COMMUNICATIONS Ordinary Shares are covered by the reported warrants?

The reported warrants cover 900,000 underlying Ordinary Shares in total. This includes 360,000 shares at an exercise price of $0.1300, 360,000 shares at $0.1500, and 180,000 shares at $0.5400, all held directly by the reporting person.

Q: Does the SQNS Form 3 indicate any insider buying or selling activity?

The Form 3 does not indicate insider buying or selling. It characterizes the entries as holdings, with unknown transaction codes and no reported buy or sell transactions, simply establishing the director’s initial warrant positions in SEQUANS COMMUNICATIONS.

SEQUANS COMMUNICATIONS director Marced Martin Maria Angeles reports existing warrant holdings, not new share purchases or sales.

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.

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Form Type

Rhea-AI Filing Summary

SEQUANS COMMUNICATIONS director Marced Martin Maria Angeles reports existing warrant holdings, not new share purchases or sales. The filing lists three series of warrants over Ordinary Shares, each held directly.

These warrants cover 360,000 underlying Ordinary Shares at an exercise price of $0.1300 per share expiring on June 28, 2034, 360,000 underlying Ordinary Shares at $0.1500 per share expiring on June 30, 2035, and 180,000 underlying Ordinary Shares at $0.5400 per share expiring on June 27, 2033. A footnote explains that the warrant exercise price is stated per Ordinary Share and that each American Depositary Share represents 100 Ordinary Shares.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Marced Martin Maria Angeles

Role Director

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

Holdings After Transaction: Warrants — 900,000 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 the SQNS Form 3 filing by Marced Martin Maria Angeles show?

The Form 3 shows existing warrant holdings by director Marced Martin Maria Angeles in SEQUANS COMMUNICATIONS. It lists three warrant series over Ordinary Shares with specified exercise prices, share amounts, and expiration dates, but no new purchases, sales, or exercises.

How many SEQUANS COMMUNICATIONS Ordinary Shares are covered by the reported warrants?

The reported warrants cover 900,000 underlying Ordinary Shares in total. This includes 360,000 shares at an exercise price of $0.1300, 360,000 shares at $0.1500, and 180,000 shares at $0.5400, all held directly by the reporting person.

What are the exercise prices and expirations of the SQNS director’s warrants?

The director holds warrants with exercise prices of $0.1300, $0.1500, and $0.5400 per Ordinary Share. Their expiration dates are June 27, 2033, June 28, 2034, and June 30, 2035, respectively, as disclosed in the Form 3.

Does the SQNS Form 3 indicate any insider buying or selling activity?

The Form 3 does not indicate insider buying or selling. It characterizes the entries as holdings, with unknown transaction codes and no reported buy or sell transactions, simply establishing the director’s initial warrant positions in SEQUANS COMMUNICATIONS.

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^*

Marced Martin Maria Angeles

(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)

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	06/28/2025	06/28/2034	Ordinary Shares	360,000	$0.13⁽¹⁾	D
Warrants	06/30/2026	06/30/2035	Ordinary Shares	360,000	$0.15⁽¹⁾	D
Warrants	06/27/2024	06/27/2033	Ordinary Shares	180,000	$0.54⁽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 Maria A. Marced Martin	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