Sequans chief of staff discloses share holdings

Sequans Communications executive Bertrand Debray, the company’s Chief of Staff, has filed an initial statement of beneficial ownership.

Rhea-AI Filing Summary

Sequans Communications executive Bertrand Debray, the company’s Chief of Staff, has filed an initial statement of beneficial ownership. The filing reports direct holdings of American Depositary Shares representing 2,183,700 ordinary shares, plus 787,518 ordinary shares, including 787,500 shares that are subject to vesting.

Insights

Equity ownership analyst

Routine Form 3 filing discloses an executive’s existing equity stake without new buy or sell activity.

The filing shows Bertrand Debray’s baseline ownership in Sequans Communications through American Depositary Shares tied to 2,183,700 ordinary shares and 787,518 additional ordinary shares. Footnotes clarify that 787,500 of these ordinary shares are subject to vesting conditions.

Because there are no reported purchases, sales, or option exercises, this appears to be an administrative disclosure of existing holdings rather than a new trading decision. It mainly helps investors understand how closely the Chief of Staff’s interests are aligned with common shareholders at this point in time.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Debray Bertrand

Role Chief of Staff

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

Holdings After Transaction: American Depositary Share — 2,183,700 contracts (Direct); Ordinary Shares — 787,518 shares (Direct)

Footnotes (3)

1. F1. Includes 787,500 shares subject to vesting
2. F2. Each American Depositary Share represents 100 ordinary shares
3. F3. American Depositary Shares do not have an exercise date, exercise price nor expiration date

FAQ

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

What does Sequans Communications (SQNS) disclose in Bertrand Debray’s Form 3?

The Form 3 shows Chief of Staff Bertrand Debray’s existing equity stake in Sequans Communications. It lists American Depositary Shares representing 2,183,700 ordinary shares and 787,518 ordinary shares, giving investors a baseline view of his direct ownership alignment with shareholders.

Did Bertrand Debray buy or sell SQNS shares in this Form 3 filing?

No, the Form 3 does not report any purchases or sales. It is an initial ownership statement that records Debray’s existing holdings in American Depositary Shares and ordinary shares, without indicating new trading activity or changes in his position on the transaction date.

How many Sequans ordinary shares are tied to Bertrand Debray’s ADS holdings?

The filing indicates Debray’s American Depositary Shares represent 2,183,700 ordinary shares. A footnote explains that each American Depositary Share corresponds to 100 ordinary shares, helping investors understand the underlying ordinary-share exposure associated with his ADS position.

How many SQNS ordinary shares held by Bertrand Debray are subject to vesting?

The footnotes state that Debray’s position includes 787,500 ordinary shares subject to vesting. These shares form part of a larger 787,518 ordinary-share holding, indicating that most of this block reflects equity that depends on future vesting conditions rather than being fully unrestricted today.

What type of ownership does Bertrand Debray report in SQNS shares?

Debray reports direct ownership of both American Depositary Shares and ordinary shares. The transactions are coded as holdings, not trades, and the ownership type is shown as direct, meaning the shares are attributed personally to him rather than to an intermediary entity or related account.

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

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Accepted by SEC EDGAR 03/18/2026 - 06:32 AM 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^*

Debray Bertrand

(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)
	Chief of Staff

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	787,518(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	2,183,700	(3)	D

Explanation of Responses:

1. Includes 787,500 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, Attorney-in-Fact for Bertrand Debray	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)