SEALSQ Corp. (LAES) disclosed an insider ownership change involving Jean-Pierre Enguent, who reported transactions in the company’s ordinary shares on July 6, 2026. The Form 4 was filed on July 8, 2026. The filing reports an option exercise involving 15,000 ordinary shares at an exercise price of $0.01 per share. This type of transaction is typically reported on Form 4 with transaction code “M,” indicating the exercise or conversion of a derivative security. The filing notes that the option exercise was carried out under a Rule 10b5-1 trading plan that Enguent adopted on October 13, 2025. The filing also reports sales of SEALSQ ordinary shares, typically reported with transaction code “S.” Those sales were likewise made pursuant to the same prearranged Rule 10b5-1 trading plan adopted on October 13, 2025. The sale price disclosed in the filing was a weighted average price, with the shares sold in multiple transactions at prices ranging from $2.73 to $2.91 per share, inclusive. The footnotes state that Enguent will provide, upon request, detailed information about the number of shares sold at each separate price within that range to SEALSQ, any SEALSQ security holder, or SEC staff. The excerpt does not provide a clear post-transaction beneficial ownership total, so Enguent’s ownership after the reported transactions cannot be determined from the provided text. The filing was signed by John O’Hara as attorney-in-fact for the reporting person. The key point is that the insider transactions were conducted under a previously adopted 10b5-1 plan, a mechanism commonly used by insiders to schedule trades in advance and reduce concerns that trades were made based on material nonpublic information.