John Bosshart - 01 Dec 2021 Form 4 Insider Report for OneSpan Inc. (OSPN)

Role: Principal Accounting Officer
Signature: /s/ Steven R. Worth, Attorney in Fact
Issuer symbol: OSPN
Transactions as of: 01 Dec 2021
Net transactions value: -$5,055
Form type: 4
Filing time: 07 Dec 2021, 17:48:38 UTC
Previous filing: 30 Nov 2021
Next filing: 03 Mar 2022
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	$11,902	+711	+38%	$16.74	2,574	01 Dec 2021	Direct
transaction	OSPN	Common Stock, $0.001 par value	Tax liability	$3,482	-208	-8.1%	$16.74	2,366	01 Dec 2021	Direct	F1
transaction	OSPN	Common Stock, $0.001 par value	Options Exercise	$5,390	+322	+14%	$16.74	2,688	01 Dec 2021	Direct
transaction	OSPN	Common Stock, $0.001 par value	Tax liability	$1,574	-94	-3.5%	$16.74	2,594	01 Dec 2021	Direct	F1

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	$11,902	-711	-14%	$16.74	4,269	01 Dec 2021	Common Stock	4,980		Direct	F4, F5, F6
transaction	OSPN	Restricted Stock Units	Options Exercise	$5,390	-322	-12%	$16.74	2,258	01 Dec 2021	Common Stock	2,580		Direct	F4, F5, F7
holding	OSPN	Restricted Stock Units						5,269	01 Dec 2021	Common Stock	7,904		Direct	F2, F3, F4
holding	OSPN	Restricted Stock Units						1,290	01 Dec 2021	Common Stock	1,290		Direct	F8

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

Explanation of Responses:

Id	Content
F1	The shares were sold to cover tax withholding obligations for the vest of restricted stock units.
F2	The reporting person received a restricted stock unit grant on November 23, 2020. Each restricted stock unit represents a contingent right to receive one share of OneSpan Inc.'s common stock.
F3	The shares acquired are restricted stock units and vest pro-rata over two years on the semi-annual anniversaries of the grant date.
F4	Not applicable.
F5	The reporting person received restricted stock unit grants on June 1, 2021. Each restricted stock unit represents a contingent right to receive one share of OneSpan Inc.'s common stock.
F6	The shares acquired are restricted stock units and vest pro-rata over two years on the quarterly anniversaries of the grant date.
F7	The shares acquired are restricted stock units and vest pro-rata over four years on the semi-annual anniversaries of the grant date.
F8	The reporting person received a performance stock unit grant on June 1, 2021. Each performance stock unit represents a right to receive one share of OneSpan's common stock. The performance stock units cliff vest at the expiration date if the performance criteria established by the Compensation Committee of the Board are met.