Sequans (SQNS) director Wes Cummins files Form 3 with ADS and warrants
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
SEQUANS COMMUNICATIONS director Wes Cummins filed a Form 3 reporting his existing holdings in the company. He reports American Depositary Shares that together represent 2,000,000 ordinary shares. The ADSs themselves do not have an exercise date, exercise price or expiration date.
He also reports several series of warrants over ordinary shares, with exercise prices ranging from 0.13 to 2.04 per share and expiration dates between 2028 and 2035, all held directly. These positions show his current equity and warrant exposure rather than any new buy or sell transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
Cummins Wes
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | American Depositary Share | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
Holdings After Transaction:
American Depositary Share — 2,000,000 shares (Direct);
Warrants — 360,000 shares (Direct)
Footnotes (1)
- Each American Depositary Share represents 100 ordinary shares American Depositary Shares do not have an exercise date, exercise price nor expiration date Warrant exercise price is the price per ordinary share; there are 100 ordinary shares represented by each American Depositary Share
FAQ
What does Wes Cummins report owning in Sequans Communications (SQNS) on this Form 3?
He reports American Depositary Shares representing 2,000,000 ordinary shares and multiple warrant positions over additional ordinary shares. All positions are listed as directly held and reflect existing ownership, not new purchases or sales.
Are there any buy or sell transactions in this Sequans (SQNS) Form 3 filing?
No, the Form 3 lists existing holdings only. All entries are classified as holdings with unknown transaction codes, and the transaction summary shows no buys, sells, exercises, gifts, or tax withholdings, just nine holding entries.
What warrant positions does Wes Cummins disclose in Sequans Communications (SQNS)?
He discloses several warrant series over ordinary shares, including tranches over 360,000, 180,000, 140,000 and 36,000 shares, with exercise prices between 0.13 and 2.04 per share and expirations running from 2028 through 2035.
Does this Sequans Communications (SQNS) Form 3 show remaining derivative exposure for Wes Cummins?
Yes, the derivative summary lists ADS representing 2,000,000 underlying ordinary shares and multiple warrant series over ordinary shares, each with a stated exercise price and expiration date, all categorized as directly owned derivative positions.