SCHEDULE: Pasqal Holding SA: Insider Ownership Update

Georges-Olivier Reymond reports a 10.5% beneficial ownership stake in Pasqal Holding SA, including exercisable warrants.

Summary

• Georges-Olivier Reymond has filed a Schedule 13G, reporting beneficial ownership of 22,231,152 ordinary shares of Pasqal Holding SA.
• This represents 10.5% of the class of securities.
• The reported shares include 22,185,680 shares held directly and 45,472 shares underlying vested and exercisable Founder Share Subscription Warrants (BSPCEs).
• Shares underlying unvested BSPCEs (136,417 shares) are excluded from this filing.
• The reporting person has sole voting and dispositive power over the reported shares.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, indicating a significant but expected ownership stake by a key individual, with no immediate negative implications.

Positives

• Significant insider ownership by Georges-Olivier Reymond demonstrates commitment to the company.
• The ownership stake of 10.5% indicates substantial alignment between a key individual and the company's shareholders.
• Inclusion of exercisable warrants suggests potential for further investment and confidence in future share value.

Negatives

• The filing does not disclose any negative financial or operational information, as it is a disclosure of ownership.

Risks

• Potential for future dilution if unvested warrants are exercised and additional shares are issued.
• Concentration of ownership in a single individual could lead to governance concerns if not balanced by other board members and shareholder interests.

Future Outlook

The filing does not contain forward-looking statements or guidance. It solely reports current beneficial ownership.

Management Comments

• "The Reporting Person has sole voting and dispositive power over the ordinary shares reported herein."
• "The percent of class is based upon 212,293,691 ordinary shares of Pasqal Holding SA (the "Issuer") consisting of (i) 212,293,691 ordinary shares outstanding as of September 1, 2026, as reported in Post-Effective Amendment No. 1 to the Issuer's registration statement on Form F-1 (File No. 333-298830), filed with the Securities and Exchange Commission on October 2, 2026 and (ii) 45,472 ordinary shares issuable upon exercise of Founder Share Subscription Warrants ("BSPCEs") held by the Reporting Person that are exercisable within 60 days, which have been added to the shares outstanding in accordance with Rule 13d-3(d)(1)(i)."

Industry Context

StockSavvy.ai notes that Schedule 13G filings are standard disclosures for significant beneficial ownership by certain institutional investors and individuals. This filing confirms a substantial, direct stake by a key individual in Pasqal Holding SA, which is typical for founders or early investors in technology companies.

Comparison to Industry Standards

• In the technology sector, particularly for growth-stage companies like Pasqal Holding SA, founder or key executive ownership stakes often exceed 10%. This filing aligns with industry norms for significant insider holdings.
• The inclusion of exercisable warrants is also common for founders, reflecting initial equity structures and incentives.

Stakeholder Impact

• Shareholders: The filing confirms a significant stake by a key individual, potentially indicating stability and alignment of interests, but also concentration of control.
• Management: Reinforces the position and commitment of Georges-Olivier Reymond within the company's ownership structure.

Next Steps

• Continued monitoring of Pasqal Holding SA's share structure and any future ownership filings.
• Observation of how the company's strategic initiatives are executed with this level of insider commitment.

Key Dates

Keywords

Pasqal Holding SA, Schedule 13G, Beneficial Ownership, Insider Ownership, Ordinary Shares, Founder Share Subscription Warrants, BSPCEs, Georges-Olivier Reymond