OneSpan Inc. — Director's Dealing 2021

Dec 14, 2021

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: OneSpan Inc. (OSPN)
CIK: 0001044777
Period of Report: 2021-11-29

Reporting Person: Moynahan Matthew (Chief Executive Officer)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Common Stock (250000)		Direct
Performance Stock Units	$	2025-11-29	Common Stock (250000)		Direct

Footnotes

F1: The reporting person received a restricted stock unit grant on November 29, 2021. Each restricted stock unit represents a contingent right to receive one share of OneSpan Inc.'s commonstock

F2: Not applicable.

F3: The shares acquired are restricted stock units and vest pro-rata over four years on the annual anniversaries of the grant date.

F4: The reporting person received a performance stock unit grant on November 29, 2021. Each performance stock unit represents a right to receive one share of OneSpan's common stock. The performance stock units cliff vest at the expiration date if the performance criteria established by the Compensation Committee of the Board are met.

F5: The grant is subject to an 18-month vesting period extension if progress toward the performance criteria is partially achieved, as defined by the Compensation Committee of the Board, at the expiration date.