OneSpan Inc. — Director's Dealing 2021

Feb 23, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OneSpan Inc. (OSPN)
CIK: 0001044777
Period of Report: 2021-02-18

Reporting Person: fox John nelson JR (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-18	Restricted Stock Units	$	A	1356	Acquired		Common Stock (1356)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.001 par value	111578	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Common Stock (5230)	5230	Direct
Restricted Stock Units	$		Common Stock (7000)	7000	Direct

Footnotes

F1: The reporting person received a restricted stock unit grant on January 15, 2020. Each restricted stock unit represents a contingent right to receive one share of OneSpan's common stock.

F2: The shares acquired are deferred restricted stock units and will vest on January 15, 2021.

F3: Not applicable.

F4: The reporting person received a restricted stock unit grant on January 4, 2021. Each restricted stock unit represents a contingent right to receive one share of OneSpan's common stock.

F5: For their service in 2021, each member of the OneSpan Board of Directors is eligible to receive a $40,000 cash retainer, in addition to the restricted stock unit grant awarded to each Director on January 4. Mr. Fox opted to reduce his cash retainer to $15,000 and receive the other $25,000 of compensation in the form of additional restricted stock units.

F6: The shares acquired are deferred restricted stock units and will vest on January 4, 2022.

F7: Mr. Fox received a $35,000 restricted stock unit grant for his increased Chairman of the Board fee for the balance of 2021.

F8: The shares acquired are deferred restricted stock units and will vest on February 18, 2022.