Matthew Moynahan - 29 Nov 2022 Form 4 Insider Report for OneSpan Inc. (OSPN)

Role
Chief Executive Officer, Director
Signature
Lara Mataac, Attorney in Fact
Issuer symbol
OSPN
Transactions as of
29 Nov 2022
Net transactions value
-$287,686
Form type
4
Filing time
01 Dec 2022, 15:26:52 UTC
Previous filing
19 Aug 2022
Next filing
21 Feb 2023
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 +62,500 +691% $0.000000 71,541 29 Nov 2022 Direct F1, F2
transaction OSPN Common Stock Tax liability $287,686 -22,778 -32% $12.63 48,763 29 Nov 2022 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 -62,500 -25% $0.000000 187,500 29 Nov 2022 Common Stock 62,500 $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 Balance reflects a correction to the Form 4 filed by the reporting person on August 19, 2022. That Form 4 incorrectly reported the vesting of 9,597 RSUs on August 17, 2022 and the withholding of 2,817 shares for tax purposes, whereas the correct number of RSUs vesting on that day was actually 12,797, with a total of 3,756 shares withheld for tax purposes.
F3 The restricted stock units vest in four equal annual installments over four years, beginning on November 29, 2021.

Remarks:

Exhibit 24.1 - Power of Attorney