John Bosshart - 01 Jun 2023 Form 4 Insider Report for OneSpan Inc. (OSPN)

Role: Principal Accounting Officer
Signature: /s/ Lara Mataac as POA
Issuer symbol: OSPN
Transactions as of: 01 Jun 2023
Net transactions value: -$4,508
Form type: 4
Filing time: 02 Jun 2023, 17:43:41 UTC
Previous filing: 01 Mar 2023
Next filing: 08 Aug 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	+712	+6.7%	$0.000000	11,321	01 Jun 2023	Direct
transaction	OSPN	Common Stock	Tax liability	$3,099	-209	-1.8%	$14.83	11,112	01 Jun 2023	Direct
transaction	OSPN	Common Stock	Options Exercise	$0	+323	+2.9%	$0.000000	11,435	01 Jun 2023	Direct
transaction	OSPN	Common Stock	Tax liability	$1,409	-95	-0.83%	$14.83	11,340	01 Jun 2023	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	-712	-100%	$0.000000^*	0	01 Jun 2023	Common Stock	712		Direct	F1, F2
transaction	OSPN	Restricted Stock Units	Options Exercise	$0	-323	-20%	$0.000000	1,290	01 Jun 2023	Common Stock	323		Direct	F1, F3

* 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 June 1, 2021, the reporting person was granted 5,691 restricted stock units, vesting in eight equal quarterly installments starting from the grant date. The restricted stock units became fully vested on June 1, 2023.
F3	On June 1, 2021, the reporting person was granted 2,580 restricted stock units, vesting in eight equal semi-annual installments starting from the grant date.