ASHER DANIEL 4

What Happened Daniel Asher, reported as a 10% owner of Sequans Communications (SQNS), purchased 12,300 shares on 2026-01-26 at $5.12 per share, for a total reported cost of $62,974. The transaction is reported as a purchase (Form 4 code "P") — a buy rather than a sale.

Key Details

• Transaction date and price: 2026-01-26 — 12,300 shares at $5.12 each.
• Total value: $62,974.
• Transaction type: Purchase (reported as "P" — open-market or private purchase).
• Shares owned after transaction: Not specified in the provided filing.
• Filing date: Form 4 filed 2026-01-28 (filed within the usual two-business-day window).
• Footnotes from the filing:
  • F1: Daniel Asher is the beneficial owner of DBA Trading, LLC and controls voting and dispositive power over shares held by that entity.
  • F2: AFO Blackberry, LLC is the managing member of AFOB FIP MS, LLC, and Daniel Asher is deemed to control voting and dispositive power over shares held by them.

Context

• As a reported 10% owner, Asher is a significant holder; this type of filing reflects substantial-holder activity rather than an executive's routine compensation-related trades.
• Purchases by insiders or large holders can be viewed as a positive signal by investors because they increase the insider's exposure, but the filing itself does not state the buyer's motivation.