ASHER DANIEL 4

What Happened

• Daniel Asher, identified as a 10% owner of Sequans Communications (SQNS), made two purchases of SQNS common stock on Jan 20–21, 2026. He acquired 19,660 shares at $5.29 (reported value $104,082) on Jan 20 and 22,600 shares at $5.24 (reported value $118,431) on Jan 21, for a combined reported cost of $222,513. These were reported as open-market or private purchases (transaction code P), i.e., buys rather than sales.

Key Details

• Transaction dates and prices:
  • 2026-01-20: 19,660 shares @ $5.29 (reported $104,082)
  • 2026-01-21: 22,600 shares @ $5.24 (reported $118,431)
• Total reported purchase value: $222,513.
• Shares owned after the transactions: not specified in the provided filing.
• Footnotes of note:
  • F1: Daniel Asher is the beneficial owner of DBA Trading, LLC and controls voting/dispositive power over those shares.
  • F2: AFO Blackberry, LLC is managing member of AFOB FIP MS, LLC and Asher is deemed to control voting/dispositive power over those shares.
• Filing: Report filed Jan 22, 2026 (reporting period begins Jan 20, 2026). Filing appears timely (within the Form 4 two-business-day window).

Context

• This was outright purchasing activity by a 10% owner (institutional/large shareholder status), not an option exercise or award. Purchases by insiders can be interpreted as a positive signal, but they do not prove future performance and motivations are not disclosed.