Sarika Garg - 09 Jun 2022 Form 4 Insider Report for OneSpan Inc. (OSPN)

Role: Director
Signature: /s/ John Bosshart, Attorney in Fact
Issuer symbol: OSPN
Transactions as of: 09 Jun 2022
Net transactions value: $0
Form type: 4
Filing time: 13 Jun 2022, 17:15:44 UTC
Previous filing: 07 Jan 2022
Next filing: 09 Jan 2023
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	$30,871	+2,408	+29%	$12.82	10,683	09 Jun 2022	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	$30,871	-2,408	-100%	$12.82	0	09 Jun 2022	Common Stock	2,408		Direct	F1, F2
holding	OSPN	Restricted Stock Units						7,618	09 Jun 2022	Common Stock	7,618		Direct	F2, F3, F4

* 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 upon being appointed to the OneSpan Inc. Board of Directors on June 9, 2021. Each restricted stock unit represents a contingent right to receive one share of OneSpan's common stock. The shares vested on June 9, 2022.
F2	Not applicable.
F3	The reporting person received a restricted stock unit grant on January 5, 2022. Each restricted stock unit represents a contingent right to receive one share of OneSpan's common stock.
F4	The shares are deferred restricted stock units that will vest on January 5, 2023.