Sequans (SQNS) chief of staff awarded 1.97M ordinary shares in Form 4/A filing

Rhea-AI Filing Summary

Debray Bertrand reported acquisition or exercise transactions in this Form 4 filing.

SEQUANS COMMUNICATIONS Chief of Staff Bertrand Debray reported an equity award of 1,970,000 ordinary shares on May 7, 2026. The shares were granted at no cash cost as a compensation-related grant, not an open-market purchase. Following this award, Debray holds 2,757,518 ordinary shares, including 2,757,500 shares subject to vesting. Each American Depositary Share represents 100 ordinary shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Debray Bertrand

Role Chief of Staff

Type	Security	Shares	Price	Value
Grant/Award	Ordinary Shares	1,970,000	$0.00	--

Holdings After Transaction: Ordinary Shares — 2,757,518 shares (Direct, null)

Footnotes (1)

1. Each American Depositary Share represents 100 ordinary shares corrected amount of total shares acquired following decision of shareholder meeting of June 30th, 2026 Includes 2,757,500 shares subject to vesting

Key Figures

Equity award size: 1,970,000 ordinary shares Grant price: $0.00 per share Shares held after: 2,757,518 ordinary shares +2 more

5 metrics

Equity award size 1,970,000 ordinary shares Grant/award acquisition on May 7, 2026

Grant price $0.00 per share Compensation-related share grant, not market purchase

Shares held after 2,757,518 ordinary shares Direct holdings following the reported transaction

Shares subject to vesting 2,757,500 ordinary shares Portion of holdings that vest over time

ADS conversion ratio 1 ADS = 100 ordinary shares American Depositary Share structure

Key Terms

American Depositary Share, vesting, grant, award, or other acquisition, Form 4/A

4 terms

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

"Includes 2,757,500 shares subject to vesting"

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.

grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Form 4/A regulatory

"INSIDER FILING DATA (Form 4/A)"

Form 4/A is an amended filing that corrects or updates an earlier Form 4, the mandatory report that insiders (like company executives, directors, or large shareholders) must file when their ownership stakes change. Think of it as an edited receipt showing who bought or sold stock and when; investors use it to track insider confidence, detect potential conflicts, and spot trading patterns that might signal future company prospects.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/01/2026 - 02:55 PM Accepted by SEC EDGAR 07/01/2026 - 02:55 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

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. Issuer Name and Ticker or Trading Symbol
SEQUANS COMMUNICATIONS [ SQNS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief of Staff

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/07/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)
05/11/2026

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Ordinary Shares(1)	05/07/2026	05/07/2026	A		1,970,000(2)	A	$0	2,757,518(3)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Each American Depositary Share represents 100 ordinary shares

2. corrected amount of total shares acquired following decision of shareholder meeting of June 30th, 2026

3. Includes 2,757,500 shares subject to vesting

Remarks:

	/s/Deborah A. Choate, Attorney-in-Fact for Bertrand Debray	06/03/2026
	** 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 4 (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 4: SEC 1474 (03-26)

FAQ

What did SEQUANS COMMUNICATIONS (SQNS) insider Bertrand Debray report in this Form 4/A?

Bertrand Debray reported receiving an award of 1,970,000 ordinary shares as compensation. The grant was recorded at a price of $0.00 per share and increased his total direct holdings to 2,757,518 ordinary shares, largely subject to vesting conditions.

Was the SEQUANS COMMUNICATIONS (SQNS) Form 4/A transaction a market purchase or sale?

The transaction was not a market trade. It is coded as an acquisition through grant or award, with 1,970,000 ordinary shares granted at $0.00 per share, reflecting compensation rather than an open-market buy or sell decision by the insider.

How many SEQUANS COMMUNICATIONS (SQNS) shares does Bertrand Debray hold after this grant?

After the reported grant, Bertrand Debray holds 2,757,518 ordinary shares directly. According to the disclosure, this amount includes 2,757,500 shares that are subject to vesting, meaning they become fully owned only if specified conditions are met.

What does the ADS to ordinary share ratio mean for SEQUANS COMMUNICATIONS (SQNS)?

Each American Depositary Share of SEQUANS COMMUNICATIONS represents 100 ordinary shares. This ratio helps investors holding ADSs understand how many underlying ordinary shares their ADS position corresponds to when interpreting insider and capital structure disclosures.

How is the SEQUANS COMMUNICATIONS (SQNS) insider transaction classified by the SEC code?

The transaction is classified under code “A”, meaning a grant, award, or other acquisition of securities. This indicates the 1,970,000 ordinary shares were received as part of an equity award, rather than being bought or sold on the open market.