Sec Form 13G Filing - DANIEL ASHER @ Sequans Communications S.A.

Insider filing report for Changes in Beneficial Ownership

Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.

"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Sequans Communications

(Name of Issuer)

Ordinary Shares, nominal value Euro 0.01 per share

(Title of Class of Securities)

817323306

(CUSIP Number)

09/16/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No.

817323306

Names of Reporting Persons

DANIEL ASHER

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 82,882,580.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 82,882,580.00

Aggregate Amount Beneficially Owned by Each Reporting Person

82,882,580.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

5.03 %

Type of Reporting Person (See Instructions)

SCHEDULE 13G

CUSIP No.

817323306

Names of Reporting Persons

Intracoastal Capital, LLC

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,853,010.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,853,010.00

Aggregate Amount Beneficially Owned by Each Reporting Person

1,853,010.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

0.11 %

Type of Reporting Person (See Instructions)

SCHEDULE 13G

CUSIP No.

817323306

Names of Reporting Persons

AFO Blackberry, LLC

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 51,344,360.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 51,344,360.00

Aggregate Amount Beneficially Owned by Each Reporting Person

51,344,360.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

3.12 %

Type of Reporting Person (See Instructions)

SCHEDULE 13G

CUSIP No.

817323306

Names of Reporting Persons

AFOB FIP MS, LLC

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 51,344,360.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 51,344,360.00

Aggregate Amount Beneficially Owned by Each Reporting Person

51,344,360.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

3.12 %

Type of Reporting Person (See Instructions)

SCHEDULE 13G

CUSIP No.

817323306

Names of Reporting Persons

SPHINX TRADING LP

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 458,860.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 458,860.00

Aggregate Amount Beneficially Owned by Each Reporting Person

458,860.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

0.03 %

Type of Reporting Person (See Instructions)

SCHEDULE 13G

CUSIP No.

817323306

Names of Reporting Persons

DBA TRADING LLC

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 29,226,350.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 29,226,350.00

Aggregate Amount Beneficially Owned by Each Reporting Person

29,226,350.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

1.77 %

Type of Reporting Person (See Instructions)

SCHEDULE 13G

Item 1.

(a)

Name of issuer:

Sequans Communications

(b)

Address of issuer's principal executive offices:

15-55 Boulevard Charles de Gaulle, 92700, Colombes France

Item 2.

(a)

Name of person filing:

Daniel Asher, Sphinx Trading, LP, DBA Trading, LLC. Intracoastal Capital, LLC, AFOB FIP MS, LLC

(b)

Address or principal business office or, if none, residence:

1011 Lake Street Suite 311 Oak Park, IL 60301

(c)

Citizenship:

USA

(d)

Title of class of securities:

Ordinary Shares, nominal value Euro 0.01 per share

(e)

CUSIP No.:

817323306

Item 3.

If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a)

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

(b)

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

(c)

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

(d)

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

(e)

An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f)

An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g)

A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h)

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)

A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:

(k)

Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

Item 4.

Ownership

(a)

Amount beneficially owned:

See Row 9 of cover page for each reporting person.

(b)

Percent of class:

See Row 11 of cover page for each reporting person. %

(c)

Number of shares as to which the person has:

(i) Sole power to vote or to direct the vote:

See Row 5 of cover page for each reporting Person.

(ii) Shared power to vote or to direct the vote:

See Row 6 of cover page for each reporting Person.

(iii) Sole power to dispose or to direct the disposition of:

See Row 7 of cover page for each reporting Person.

(iv) Shared power to dispose or to direct the disposition of:

See Row 8 of cover page for each reporting Person.

Item 5.

Ownership of 5 Percent or Less of a Class.

Item 6.

Ownership of more than 5 Percent on Behalf of Another Person.

Not Applicable

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

Not Applicable

Item 8.

Identification and Classification of Members of the Group.

Not Applicable

Item 9.

Notice of Dissolution of Group.

Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

DANIEL ASHER

Signature:	/s/ Daniel Asher
Name/Title:	Daniel Asher
Date:	09/26/2025

Intracoastal Capital, LLC

Signature:	/s/ Daniel Asher
Name/Title:	Daniel Asher
Date:	09/26/2025

AFO Blackberry, LLC

Signature:	/s/ Fred Goldman
Name/Title:	Fred Goldman, Treasurer
Date:	09/26/2025

AFOB FIP MS, LLC

Signature:	/s/ Fred Goldman
Name/Title:	Fred Goldman, Treasurer of AFO, Blackberry, LLC Managing Member of AFO FIP MS LLC
Date:	09/26/2025

SPHINX TRADING LP

Signature:	/s/ Fred Goldman
Name/Title:	Fred Goldman, CFO
Date:	09/26/2025

DBA TRADING LLC

Signature:	/s/ Fred Goldman
Name/Title:	Fred Goldman, Member
Date:	09/26/2025

Exhibit Information

99.1 Joint Filing Agreement of the Reporting Persons 99.2 Transactions of the Reporting Persons

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Sec Form 13G Filing - DANIEL ASHER filing for - 2025-09-26