Debray Bertrand 4

What Happened Debray Bertrand, Chief of Staff at Sequans Communications (SQNS), received a grant of 2,420,000 restricted free shares on 2026-04-28. The shares were issued at $0.00 (total reported value $0) and, per the filing, are subject to vesting rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-28; Grant type: Award/Grant (code A).
• Shares granted: 2,420,000; Price per share: $0.00; Reported total value: $0.
• Footnote F1: Grant of restricted free shares; all subject to vesting.
• Footnote F2: “Includes 3,207,500 shares subject to vesting” (as stated in the filing).
• Shares owned after transaction: Not specified in the information provided.
• Filing date: 2026-05-11 — the Form 4 was filed 13 days after the transaction date (this appears late relative to the SEC’s usual two-business-day filing expectation).

Context This was an equity award (restricted shares) rather than a market purchase or sale; such grants are common for compensation and are typically subject to vesting conditions. Because the filing was late, the disclosure was not made within the usual two-business-day window, which reduces the timeliness of public transparency but does not by itself indicate any trading or intent.