Sequans director reports ADS and warrant holdings

SEQUANS COMMUNICATIONS director Wes Cummins filed a Form 3 reporting his existing holdings in the company.

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Form Type

Rhea-AI Filing Summary

SEQUANS COMMUNICATIONS director Wes Cummins filed a Form 3 reporting his existing holdings in the company. He reports American Depositary Shares that together represent 2,000,000 ordinary shares. The ADSs themselves do not have an exercise date, exercise price or expiration date.

He also reports several series of warrants over ordinary shares, with exercise prices ranging from 0.13 to 2.04 per share and expiration dates between 2028 and 2035, all held directly. These positions show his current equity and warrant exposure rather than any new buy or sell transaction.

Insider Trade Summary

9 transactions reported

Mixed 9 txns

Insider Cummins Wes

Role Director

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

Holdings After Transaction: American Depositary Share — 2,000,000 contracts (Direct); Warrants — 1,288,000 contracts (Direct)

Footnotes (3)

F1. Each American Depositary Share represents 100 ordinary shares
F2. American Depositary Shares do not have an exercise date, exercise price nor expiration date
F3. 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 Wes Cummins report owning in Sequans Communications (SQNS) on this Form 3?

He reports American Depositary Shares representing 2,000,000 ordinary shares and multiple warrant positions over additional ordinary shares. All positions are listed as directly held and reflect existing ownership, not new purchases or sales.

Are there any buy or sell transactions in this Sequans (SQNS) Form 3 filing?

No, the Form 3 lists existing holdings only. All entries are classified as holdings with unknown transaction codes, and the transaction summary shows no buys, sells, exercises, gifts, or tax withholdings, just nine holding entries.

What warrant positions does Wes Cummins disclose in Sequans Communications (SQNS)?

He discloses several warrant series over ordinary shares, including tranches over 360,000, 180,000, 140,000 and 36,000 shares, with exercise prices between 0.13 and 2.04 per share and expirations running from 2028 through 2035.

How are Sequans (SQNS) American Depositary Shares described in this Form 3?

The filing notes that each American Depositary Share represents 100 ordinary shares and that these ADSs do not have an exercise date, exercise price or expiration date. The derivative summary ties them to 2,000,000 underlying ordinary shares.

Does this Sequans Communications (SQNS) Form 3 show remaining derivative exposure for Wes Cummins?

Yes, the derivative summary lists ADS representing 2,000,000 underlying ordinary shares and multiple warrant series over ordinary shares, each with a stated exercise price and expiration date, all categorized as directly owned derivative positions.

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Accepted by SEC EDGAR 03/18/2026 - 06:25 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^*

Cummins Wes

(Last)

(First)

(Middle)

4505 LORRAINE AVE

(Street)

DALLAS

TEXAS

75205

(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)
American Depositary Share⁽¹⁾	⁽²⁾	⁽²⁾	Ordinary Shares	2,000,000	⁽²⁾	D
Warrants	06/30/2026	06/30/2035	Ordinary Shares	360,000	$0.15⁽³⁾	D
Warrants	06/25/2022	06/25/2031	Ordinary Shares	140,000	$1.49⁽³⁾	D
Warrants	07/02/2021	07/02/2028	Ordinary Shares	36,000	$2.04⁽³⁾	D
Warrants	06/28/2025	06/28/2035	Ordinary Shares	360,000	$0.13⁽³⁾	D
Warrants	06/29/2023	06/29/2030	Ordinary Shares	36,000	$1.51⁽³⁾	D
Warrants	06/24/2023	06/24/2032	Ordinary Shares	140,000	$0.65⁽³⁾	D
Warrants	06/27/2024	06/27/2033	Ordinary Shares	180,000	$0.54⁽³⁾	D
Warrants	07/01/2022	07/01/2029	Ordinary Shares	36,000	$0.84⁽³⁾	D

Explanation of Responses:

1. Each American Depositary Share represents 100 ordinary shares

2. American Depositary Shares do not have an exercise date, exercise price nor expiration date

3. 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 Wes Cummins	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