Karam Georges M. 4

What Happened
Georges M. Karam, CEO and Director of Sequans Communications (SQNS), received a grant of 6,000,000 restricted free shares on April 28, 2026. The shares were issued at $0.00 per share (total reported value $0) and are described in the filing as subject to vesting.

Key Details

• Transaction date: 2026-04-28; Form 4 filed: 2026-05-11 (filed 13 days after the transaction; outside the standard 2-business-day filing window).
• Transaction type/code: Award/Grant (A). Price: $0.00 per share. Quantity granted: 6,000,000 shares.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes: F1 — grant of restricted free shares, all subject to vesting. F2 — filing notes inclusion of 11,465,056 shares subject to vesting (per the footnote).
• No sale or open-market purchase occurred; this is a compensation grant.

Context
Restricted share grants are a common form of executive compensation and are typically subject to vesting schedules; they do not by themselves indicate open-market buying or selling by the insider. The late filing may be notable for compliance/timeliness tracking but does not change the nature of the grant disclosed.