Sarika Garg - Jan 9, 2024 Form 4 Insider Report for OneSpan Inc. (OSPN)

Role
Director
Signature
/s/ Lara Mataac, Attorney in Fact
Stock symbol
OSPN
Transactions as of
Jan 9, 2024
Transactions value $
$0
Form type
4
Date filed
1/11/2024, 04:12 PM
Previous filing
Jan 9, 2024

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 +12.9K $0.00 12.9K Jan 9, 2024 Common Stock 12.9K $0.00 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 securities acquired are deferred restricted stock units which will vest on January 9, 2025, subject to the terms and conditions of the award agreement. Once they have vested, the shares underlying these deferred restricted stock units will be delivered to the reporting person on the earlier to occur of the reporting person's cessation of service on the issuer's Board of Directors or a change of control of the issuer.