Enguent Jean-Pierre 4

What Happened
Enguent Jean-Pierre, Vice President, R&DSS at SEALSQ Corp (ticker LAES), reported multiple transactions around June 1–3, 2026. The primary cash transaction: Jean-Pierre sold 15,000 shares in an open-market sale on June 3, 2026, at a weighted average price of $3.51 for proceeds of approximately $52,652. Earlier on June 1, Jean-Pierre exercised options to acquire 15,000 shares at $0.01 (cost $150) and was also recorded as acquiring a 60,000-share award (derivative) at no cash cost. A separate derivative entry on June 1 shows disposition of 15,000 shares at $0.00 (derivative settlement).

Key Details

• Sale: 15,000 shares disposed on 2026-06-03, weighted average price $3.51, total proceeds ≈ $52,652 (sales executed at $3.44–$3.66; weighted average reported).
• Option exercise/acquisitions on 2026-06-01: 15,000 shares exercised at $0.01 (cost $150) and a 60,000-share award (derivative) recorded at $0.00. Another 15,000-share derivative disposition on 2026-06-01 is shown at $0.00.
• Footnotes: Sales and the option exercise were executed under a pre-established Rule 10b5-1 trading plan adopted October 13, 2025. The reported sale price is a weighted average across multiple trades; the filer can provide per-trade details on request.
• Filing timeliness: Report filed 2026-06-03 for transactions dated 2026-06-01 — within the SEC’s two-business-day Form 4 reporting window.
• Shares owned after the transactions: Not specified in the provided filing details.

Context

• The filing mixes derivative activity (option exercise and an award) with an open-market sale. Exercising options and then selling some or all of the resulting shares is common (can be a cash-raising or diversification action); here the sale followed the June 1 exercises and occurred June 3.
• The sale was conducted under a 10b5-1 plan, which typically indicates pre-planned transactions rather than ad-hoc trading based on recent nonpublic information.
• These records are factual disclosures of insider activity; they do not, by themselves, indicate the insider’s outlook on the company.