John Bosshart - Nov 23, 2022 Form 4 Insider Report for OneSpan Inc. (OSPN)

Role: Principal Accounting Officer
Signature: /s/ Lara Mataac as POA
Stock symbol: OSPN
Transactions as of: Nov 23, 2022
Transactions value $: -$10,335
Form type: 4
Date filed: 11/25/2022, 03:30 PM
Previous filing: Sep 2, 2022
Next filing: Dec 5, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OSPN	Common Stock	Options Exercise	$0	+2.64K	+39.32%	$0.00	9.34K	Nov 23, 2022	Direct
transaction	OSPN	Common Stock	Tax liability	-$10.3K	-773	-8.28%	$13.37	8.56K	Nov 23, 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		+2.64K			0	Nov 23, 2022	Common	2.64K		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Restricted stock units convert into common stock on a one-for-one basis.
F2	On November 23, 2020, the reporting person was granted 10,538 restricted stock units, with 25% vesting on each six-month anniversary of the grant date. The grant became fully vested on November 23, 2022.