Michael J. McConnell - Jan 9, 2024 Form 4 Insider Report for OneSpan Inc. (OSPN)

Role: Director
Signature: /s/ Lara Mataac, Attorney in Fact
Stock symbol: OSPN
Transactions as of: Jan 9, 2024
Transactions value $: $0
Form type: 4
Date filed: 1/11/2024, 04:12 PM
Previous filing: Jan 9, 2024
Next filing: Mar 18, 2024

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	Award	$0	+12.9K		$0.00	12.9K	Jan 9, 2024	Common Stock	12.9K	$0.00	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 securities acquired are deferred restricted stock units which will vest on January 9, 2025, 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.

Content

Each restricted stock unit represents a contingent right to receive one share of OSPN common stock.

The securities acquired are deferred restricted stock units which will vest on January 9, 2025, 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.