Matthew Moynahan - Nov 29, 2022 Form 4 Insider Report for OneSpan Inc. (OSPN)

Role
Chief Executive Officer, Director
Signature
Lara Mataac, Attorney in Fact
Stock symbol
OSPN
Transactions as of
Nov 29, 2022
Transactions value $
-$287,686
Form type
4
Date filed
12/1/2022, 03:26 PM
Previous filing
Aug 19, 2022
Next filing
Feb 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OSPN Common Stock Options Exercise $0 +62.5K +691.3% $0.00 71.5K Nov 29, 2022 Direct F1, F2
transaction OSPN Common Stock Tax liability -$288K -22.8K -31.84% $12.63 48.8K Nov 29, 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 $0 -62.5K -25% $0.00 188K Nov 29, 2022 Common Stock 62.5K $0.00 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of OSPN common stock.
F2 Balance reflects a correction to the Form 4 filed by the reporting person on August 19, 2022. That Form 4 incorrectly reported the vesting of 9,597 RSUs on August 17, 2022 and the withholding of 2,817 shares for tax purposes, whereas the correct number of RSUs vesting on that day was actually 12,797, with a total of 3,756 shares withheld for tax purposes.
F3 The restricted stock units vest in four equal annual installments over four years, beginning on November 29, 2021.

Remarks:

Exhibit 24.1 - Power of Attorney