{"url_path":"/sec/sqns/10-k/2026/item-16e","section_key":"item-16e","section_title":"Item 16E Purchases of Equity Securities by the Issuer and Affiliated Purchasers","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-05-11","source_url":"https://www.sec.gov/Archives/edgar/data/1383395/0001383395-26-000082-index.html","accession_number":"0001383395-26-000082","cik":"0001383395","ticker":"SQNS","issuer_name":"SEQUANS COMMUNICATIONS","edgar_url":"https://www.sec.gov/Archives/edgar/data/1383395/0001383395-26-000082-index.html","primary_entity_key":"0001383395","primary_entity_name":"SEQUANS COMMUNICATIONS"},"word_count":307,"has_tables":true,"body_markdown":"Item 16E. Purchases of Equity Securities by the Issuer and Affiliated Purchasers\n\nDuring the year ended December 31, 2025, the Company repurchased a portion of its outstanding American Depositary Shares (“ADSs”) as part of a share repurchase program authorized by the Board of Directors. The program was publicly announced on September 30, 2025, authorizing the repurchase of up to 10% of the Company’s outstanding share capital, or up to 1.57 million ADSs, in open market transactions or privately negotiated transactions, subject to market conditions and applicable legal requirements.\n\nThe following table sets forth information with respect to purchases of the Company’s ADSs made by or on behalf of the Company or any affiliated purchaser during the fiscal year ended December 31, 2025:\n\nPeriodTotal number of ADSs purchasedAverage price paid per ADSTotal number of ADSs purchased as part of publicly announced plans or programsMaximum number (or approximate dollar value) of ADSs that may yet be purchased under the plans or programs\n\nNovember 20251,155,717$6.11 1,155,717414,283 \n\nDecember 2025361,256 $6.25 361,256 53,027 \n\nTotal1,516,973$6.14 1,516,97353,027 \n\nAs of December 31, 2025, the Company had repurchased a total of 1,516,973 ADSs at an average price of $6.14 per ADS, representing approximately 9.5% of the Company’s outstanding share capital as of December 31, 2025. The repurchased ADSs are held as treasury shares until cancellation. The ADSs were cancelled on February 19, 2026, and the underlying ordinary shares were cancelled on March 11, 2026, following shareholder approval on February 19, 2026 and other French formalities, reducing the total number of shares outstanding.\n\nThe existing share repurchase program expires on December 30, 2026, but may be suspended or discontinued at any time at the Company’s discretion.\n\nNo purchases were made outside of the publicly announced program.\n\nNo purchases were made by any “affiliated purchaser” as defined in Rule 10b-18(a)(3) under the Exchange Act, other than the Company."}