Matthew Moynahan - 17 Feb 2023 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: 17 Feb 2023
Net transactions value: -$56,991
Form type: 4
Filing time: 21 Feb 2023, 18:24:04 UTC
Previous filing: 01 Dec 2022
Next filing: 27 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		+12,797	+26%		61,560	17 Feb 2023	Direct	F1
transaction	OSPN	Common Stock	Tax liability	$56,991	-4,103	-6.7%	$13.89	57,457	17 Feb 2023	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	-12,797	-20%	$0.000000	51,188	17 Feb 2023	Common Stock	12,797		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 in six equal semi-annual installments over three years, starting on February 17, 2022.