Lara Mataac - 31 Dec 2024 Form 4 Insider Report for OneSpan Inc. (OSPN)

Role
General Counsel
Signature
/s/ Lara Mataac
Issuer symbol
OSPN
Transactions as of
31 Dec 2024
Net transactions value
-$322,856
Form type
4
Filing time
03 Jan 2025, 20:42:13 UTC
Previous filing
16 Dec 2024
Next filing
07 Feb 2025
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 +39,199 +177% $0.000000 61,365 31 Dec 2024 Direct F1
transaction OSPN Common Stock Tax liability $304,260 -16,411 -27% $18.54 44,954 31 Dec 2024 Direct
transaction OSPN Common Stock Options Exercise $0 +3,416 +7.6% $0.000000 48,370 31 Dec 2024 Direct F1
transaction OSPN Common Stock Tax liability $18,596 -1,003 -2.1% $18.54 47,367 31 Dec 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 -39,199 -100% $0.000000 0 31 Dec 2024 Common Stock 39,199 $0.000000 Direct F1, F2
transaction OSPN Restricted Stock Units Options Exercise $0 -3,416 -50% $0.000000 3,418 31 Dec 2024 Common Stock 3,416 $0.000000 Direct F1, F3
* 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 June 13, 2022, 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 2022. On February 23, 2023, the registrant's Compensation Committee determined the number of PSUs that were earned by the reporting person based upon the 2022 financial metrics. The earned PSUs vested in full on December 31, 2024.
F3 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. On February 19, 2024, the registrant's Compensation Committee determined the number of PSUs earned by the reporting person based upon the 2023 financial metrics. Effective on February 19, 2024, 1/3 of the earned PSUs were deemed vested on December 31, 2023 and an additional 1/3 vested on December 31, 2024. The remaining earned PSUs will vest on December 31, 2025, assuming the reporting person continues to be employed by the registrant on that date.