Lara Mataac - 13 Dec 2022 Form 4 Insider Report for OneSpan Inc. (OSPN)

Role: General Counsel
Signature: /s/ Lara Mataac
Issuer symbol: OSPN
Transactions as of: 13 Dec 2022
Net transactions value: -$16,240
Form type: 4
Filing time: 15 Dec 2022, 15:28:20 UTC
Previous filing: 09 Aug 2022
Next filing: 27 Feb 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	Options Exercise	$0	+4,595		$0.000000	4,595	13 Dec 2022	Direct	F1
transaction	OSPN	Common Stock	Tax liability	$16,240	-1,315	-29%	$12.35	3,280	13 Dec 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	-4,595	-17%	$0.000000	22,979	13 Dec 2022	Common Stock	4,595	$0.000000	Direct	F1, F2

* 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	The restricted stock units vest in six equal semi-annual installments over three years, starting on June 13, 2022.