Feuardent Moreira Andreas 4

What Happened

• Andreas Feuardent, Chief Innovation Officer of SEALSQ Corp (ticker: LAES), exercised options and sold shares on April 7, 2026. He exercised 10,000 shares at $0.01 per share (cost $100) and sold 10,000 shares in an open-market transaction at $2.31 per share, netting $23,100. The Form 4 also reports a conversion/exercise of 10,000 derivative shares reported with $0.00 consideration (listed as disposed).

Key Details

• Transaction date: 2026-04-07
• Option exercise (code M): 10,000 shares @ $0.01 = $100 paid
• Open-market sale (code S): 10,000 shares @ $2.31 = $23,100 proceeds
• Additional derivative conversion: 10,000 shares @ $0.00 (reported as disposed)
• Shares owned after the transactions: not specified in the information provided in this summary
• Footnote: The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person’s wife on December 8, 2025
• Filing timeliness: Form filed 2026-04-08 for transactions on 2026-04-07 — no late filing indicated in the provided data

Context

• The pattern (exercise of options and immediate sale of shares) is typical of a cash or cashless exercise where an insider converts options to stock and sells shares rather than retaining them; this transaction does not by itself indicate a change in view on the company. The presence of a Rule 10b5-1 plan means the sale was prearranged under an automated trading program established by the reporting person’s spouse.