Form 4: Sequans 10% Owner Boosts Stake with Stock Purchases

Daniel Asher, a 10% owner and Director of Sequans Communications, increased his beneficial ownership through recent stock purchases.

Summary

• Daniel Asher, a Director and 10% owner of Sequans Communications, acquired additional shares of the company's Common Stock.
• On January 20, 2026, 19,660 shares of Common Stock were purchased at an average price of $5.2941 per share.
• On January 21, 2026, an additional 22,600 shares of Common Stock were purchased at an average price of $5.2403 per share.
• These transactions were executed indirectly through DBA Trading, LLC, where Daniel Asher is the beneficial owner and controls voting and dispositive power.
• The purchases were made pursuant to a Rule 10b5-1(c) plan.
• Following these transactions, Daniel Asher beneficially owns 1,895,678 shares indirectly through DBA Trading, LLC and 513,443 shares indirectly through AFOB FIP MS, LLC.

Sentiment

Score: 8

Explanation: Insider purchases by a significant owner and director indicate strong confidence in the company's future prospects and current valuation.

Positives

• A significant insider, Daniel Asher (10% owner and Director), increased his stake in Sequans Communications, signaling confidence in the company's future.
• The purchases were made at specific price points ($5.2941 and $5.2403), indicating a belief in the stock's value at these levels.
• The transactions were conducted under a Rule 10b5-1 plan, suggesting a pre-planned investment strategy rather than a reactive trade.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Daniel Asher, a 10% owner and Director of Sequans Communications, indirectly purchased 19,660 shares of Common Stock on January 20, 2026, at $5.2941 per share through DBA Trading, LLC.
• Daniel Asher, a 10% owner and Director of Sequans Communications, indirectly purchased 22,600 shares of Common Stock on January 21, 2026, at $5.2403 per share through DBA Trading, LLC.
• Daniel Asher is deemed to control share voting and dispositive power over the shares held by DBA Trading, LLC and AFOB FIP MS, LLC.

Stakeholder Impact

• Shareholders may interpret the insider buying as a positive signal, potentially increasing confidence in the company's stock and its future performance.

Key Dates

Recommendation

The significant purchases by a 10% owner and Director, Daniel Asher, suggest strong insider confidence in Sequans Communications' valuation and future performance, making it a potential 'buy' signal for investors.

Keywords

SEQUANS COMMUNICATIONS, SQNS, Form 4, insider buying, stock purchase, beneficial ownership, Daniel Asher, 10b5-1 plan