Matthew Moynahan - 29 Nov 2023 Form 4 Insider Report for OneSpan Inc. (OSPN)

Role: Chief Executive Officer, Director
Signature: Lara Mataac, Attorney in Fact
Issuer symbol: OSPN
Transactions as of: 29 Nov 2023
Net transactions value: -$279,130
Form type: 4
Filing time: 01 Dec 2023, 16:05:21 UTC
Previous filing: 17 Aug 2023
Next filing: 02 Jan 2024
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	+62,500	+64%	$0.000000	160,665	29 Nov 2023	Direct	F1
transaction	OSPN	Common Stock	Tax liability	$279,130	-27,719	-17%	$10.07	132,946	29 Nov 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	-62,500	-33%	$0.000000	125,000	29 Nov 2023	Common Stock	62,500	$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 four equal annual installments over four years, beginning on November 29, 2021.