Jorge Garcia Martell - 23 Feb 2024 Form 4 Insider Report for OneSpan Inc. (OSPN)

Role: Chief Financial Officer
Signature: /s/ Lara Mataac, Attorney in Fact
Issuer symbol: OSPN
Transactions as of: 23 Feb 2024
Net transactions value: -$19,904
Form type: 4
Filing time: 23 Feb 2024, 18:23:11 UTC
Previous filing: 21 Feb 2024
Next filing: 07 Mar 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	+6,072	+27%	$0.000000	28,233	23 Feb 2024	Direct	F1
transaction	OSPN	Common Stock	Tax liability	$19,904	-2,104	-7.5%	$9.46	26,129	23 Feb 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	-6,072	-33%	$0.000000	12,150	23 Feb 2024	Common Stock	6,072		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 over three years starting on February 23, 2023, with one-third of the shares vesting on February 23, 2024 and one-sixth of the shares vesting every six months thereafter.