Lara Mataac - Feb 19, 2024 Form 4 Insider Report for OneSpan Inc. (OSPN)

Signature
/s/ Lara Mataac
Stock symbol
OSPN
Transactions as of
Feb 19, 2024
Transactions value $
-$11,864
Form type
4
Date filed
2/21/2024, 06:18 PM
Previous filing
Dec 15, 2023
Next filing
Feb 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OSPN Common Stock Options Exercise +3.42K +34.95% 13.2K Feb 19, 2024 Direct F1
transaction OSPN Common Stock Tax liability -$11.9K -1.18K -8.98% $10.02 12K Feb 21, 2024 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 -3.42K -33.33% $0.00 6.83K Feb 19, 2024 Common Stock 3.42K 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 On February 23, 2023, the reporting person was granted performance stock units (PSUs) that were eligible to be earned based upon the registrant's achievement of specified financial metrics for 2023. One February 19, 2024, the registrant's Compensation Committee determined that the reporting person had earned 10,250 PSUs based on the 2023 financial metrics. Effective on February 19, 2024, 1/3 (or 3,416) of the earned PSUs were deemed vested on December 31, 2023 and an additional 1/3 will vest on each of December 31, 2024 and December 31, 2025, assuming the reporting person continues to be employed by the registrant on each such date.