Michael P. Cullinane - 09 Jun 2021 Form 4 Insider Report for OneSpan Inc. (OSPN)

Role: Director
Signature: /s/ Steven R. Worth, Attorney in Fact
Issuer symbol: OSPN
Transactions as of: 09 Jun 2021
Net transactions value: $0
Form type: 4
Filing time: 09 Jun 2021, 19:07:00 UTC
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OSPN	Common Stock, $0.001 par value	Options Exercise	$151,425	+5,833	+3%	$25.96	203,141	09 Jun 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	OSPN	Restricted Stock Units	Options Exercise	$151,425	-5,833	-100%	$25.96	0	09 Jun 2021	Common Stock	5,833		Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reporting person received a restricted stock unit grant of deferred stock units on January 4, 2021, to vest a year from issuance. Each restricted stock unit represents a contingent right to receive one share of OneSpan's common stock.
F2	The grant vested upon the reporting person's retirement from the OneSpan Inc. Board of Directors on June 9, 2021, per Board resolution.
F3	Not applicable.