Sarika Garg - Jan 5, 2023 Form 4 Insider Report for OneSpan Inc. (OSPN)

Role
Director
Signature
Lara Mataac, Attorney in Fact
Stock symbol
OSPN
Transactions as of
Jan 5, 2023
Transactions value $
$0
Form type
4
Date filed
1/9/2023, 03:59 PM
Previous filing
Jun 13, 2022
Next filing
Jan 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OSPN Common Stock Options Exercise $0 +7.62K +71.31% $0.00 18.3K Jan 5, 2023 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 $0 +7.62K $0.00* 0 Jan 5, 2023 Common Stock 7.62K Direct F1, F2
transaction OSPN Restricted Stock Units Award $0 +10.8K $0.00 10.8K Jan 5, 2023 Common Stock 10.8K 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 These deferred restricted stock units vested on January 5, 2023. The shares underlying these deferred restricted stock units will be delivered to the reporting person on the earlier to occur of the reporting person's cessation of service on the issuer's Board of Directors or a change in control of the issuer.
F3 The securities acquired are deferred restricted stock units which will vest on January 5, 2024, subject to the terms and conditions of the award agreement. Once they have vested, the shares underlying these deferred restricted stock units will be delivered to the reporting person on the earlier to occur of the reporting person's cessation of service on the issuer's Board of Directors or a change of control of the issuer.

Remarks:

Exhibit 24.1 - Power of Attorney