Lara Mataac - 05 Feb 2025 Form 4 Insider Report for OneSpan Inc. (OSPN)

Role: General Counsel
Signature: /s/ Lara Mataac
Issuer symbol: OSPN
Transactions as of: 05 Feb 2025
Net transactions value: $0
Form type: 4
Filing time: 07 Feb 2025, 17:24:43 UTC
Previous filing: 03 Jan 2025
Next filing: 25 Feb 2025
SEC: View on sec.gov

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	+25,476		$0.000000	25,476	05 Feb 2025	Common Stock	25,476		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 May 14, 2024, 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 2024. On February 5, 2025, the registrant's Compensation Committee determined that the reporting person had earned 25,476 PSUs based on the 2024 financial metrics. The earned PSUs will vest as to 1/3 of the shares on May 14, 2025 and as to an additional 1/3 of the shares on each of December 31, 2025 and December 31, 2026, assuming the reporting person continues to be employed by the registrant on each such date.

Content

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

On May 14, 2024, 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 2024. On February 5, 2025, the registrant's Compensation Committee determined that the reporting person had earned 25,476 PSUs based on the 2024 financial metrics. The earned PSUs will vest as to 1/3 of the shares on May 14, 2025 and as to an additional 1/3 of the shares on each of December 31, 2025 and December 31, 2026, assuming the reporting person continues to be employed by the registrant on each such date.