Sequans Communications (SQNS) entity purchases shares in January 2026

Rhea-AI Filing Summary

Sequans Communications insider entity reports share purchases. An entity associated with Daniel Asher, DBA Trading, LLC, bought 27,032 shares of Sequans Communications common stock on January 9, 2026 at an average price of $4.9975 per share and 6,800 shares on January 12, 2026 at an average price of $5.3557 per share. After these transactions, DBA Trading, LLC indirectly held 1,227,235 shares of Sequans common stock, while another entity associated with Asher, AFOB FIP MS, LLC, indirectly held 513,444 shares. Daniel Asher is a more than 10% beneficial owner of Sequans and is deemed to control voting and dispositive power over the shares held by these entities.

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^*

ASHER DANIEL

(Last) (First) (Middle)

1011 LAKE ST

SUITE 311

(Street)

OAK PARK IL 60301

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
01/09/2026

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

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 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
Common Stock	01/09/2026		P		27,032	A	$4.9975	1,220,435	I	By DBA Trading, LLC(1)
Common Stock	01/12/2026		P		6,800	A	$5.3557	1,227,235	I	By DBA Trading, LLC(1)
Common Stock								513,444	I	By AFOB FIP MS, LLC(2)

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. Daniel Asher is the beneficial owner of DBA Trading, LLC and is deemed to control share voting and dispositive power over the shares held by them.

2. AFO Blackberry, LLC is the managing member of AFOB FIP MS, LLC and Daniel Asher is deemed to control share voting and dispositive power over the shares held by them.

	Daniel Asher	01/13/2026
	** 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.

FAQ

What insider activity did SQNS disclose for Daniel Asher?

The filing shows that entities associated with Daniel Asher reported open-market purchases of Sequans Communications common stock and updated their indirect holdings.

How many Sequans (SQNS) shares did DBA Trading, LLC buy?

DBA Trading, LLC purchased 27,032 shares of Sequans common stock on January 9, 2026 and 6,800 shares on January 12, 2026.

At what prices were the recent SQNS insider purchases made?

The Sequans common stock purchases were reported at an average price of $4.9975 per share on January 9, 2026 and $5.3557 per share on January 12, 2026.

How many SQNS shares does DBA Trading, LLC own after these transactions?

Following the reported transactions, DBA Trading, LLC indirectly held 1,227,235 shares of Sequans Communications common stock.

What is AFOB FIP MS, LLCs reported indirect ownership in SQNS?

AFOB FIP MS, LLC is reported as indirectly holding 513,444 shares of Sequans common stock, with Daniel Asher deemed to control voting and dispositive power.

What is Daniel Asher
9s relationship to Sequans Communications (SQNS)?

Daniel Asher is reported as a more than 10% beneficial owner of Sequans Communications and is deemed to control voting and dispositive power over shares held by DBA Trading, LLC and AFOB FIP MS, LLC.