Ward Peter 4

What Happened

• Peter Ward, a director of SEALSQ Corp (ticker: LAES), exercised stock derivatives on June 16, 2026. The filing shows an exercise/conversion that resulted in 366,746 shares acquired at $0.01 per share for a cash cost of $3,667.
• The filing also reports disposals totaling 463,276 shares: 96,530 shares were surrendered/withheld to cover tax withholding (valued at $3.07 per share, $296,347), and two additional derivative conversions of 13,649 and 353,097 shares are reported with a $0.00 per-share price (reported as dispositions with no cash value).
• Net effect (based on reported lines): +366,746 shares acquired and -463,276 shares disposed = net decrease of 96,530 shares. The filing does not state total holdings after these transactions.

Key Details

• Transaction date: June 16, 2026; Form 4 filed June 18, 2026 (timely filing).
• Prices and values reported:
  • Exercise: 366,746 shares @ $0.01 = $3,667 (acquired).
  • Tax withholding surrender: 96,530 shares @ $3.07 = $296,347 (disposed). Fair market value of $3.07 is the June 16, 2026 closing price (Footnote F1).
  • Two derivative conversions reported as dispositions: 13,649 shares @ $0.00 and 353,097 shares @ $0.00 (no cash reported).
• Footnote summary:
  • F1: Withheld-share value computed using $3.07 closing price on June 16, 2026.
  • F2: The option included a tax-offset right that can provide a cash payment equal to withholding taxes upon exercise.
• Shares owned after the transactions: not specified in the information provided.

Context

• This was an option exercise (derivative conversion). Part of the shares were surrendered/withheld to satisfy tax withholding obligations (a common cashless-style settlement or stock-surrender to cover taxes), and other derivative conversions are reported at $0.00 per share.
• Such filings document mechanics of option exercises and tax-related share withholding; they are routine insider reporting and do not by themselves explain the director’s investment view.