O'Hara John Charles 4

What Happened

• John Charles O'Hara, Chief Financial Officer of SEALSQ Corp (ticker: LAES), exercised options to acquire 130,500 common shares on 2026-04-13. The exercised shares were acquired at $0.01 each for a total cash outlay of $1,305.
• The Form 4 also records a related derivative award entry (130,500 shares at $0.00) and a derivative disposition/conversion entry (130,500 at $0.00). Net result shown in the filing: 130,500 common shares acquired.

Key Details

• Transaction date: 2026-04-13; Form 4 filed: 2026-04-14.
• Exercise details: 130,500 shares acquired @ $0.01 = $1,305 (reported as code M — option exercise).
• Related entries: one grant/award of 130,500 (code A) and one derivative disposition/conversion of 130,500 (code M), both reported at $0.00.
• Shares owned after transaction: not specified in the excerpts provided from the filing.
• Footnote: The exercise was effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. O'Hara on October 17, 2025 (per footnote F1).
• Filing timeliness: Form filed the day after the transaction (no late filing indicated).

Context

• This was an option exercise (derivative transaction) that resulted in the acquisition of common shares; there is no record here of an immediate sale of the acquired shares (not a cashless exercise).
• Such exercises can be routine (e.g., to realize vested compensation) and do not by themselves indicate future company performance. The 10b5-1 plan means the exercise followed a pre-established trading plan.