OneSpan Inc. — Director's Dealing 2023

Feb 28, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OneSpan Inc. (OSPN)
CIK: 0001044777
Period of Report: 2023-02-23

Reporting Person: Martell Jorge Garcia (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-23	Restricted Stock Units	$	A	86855.00	Acquired		Common Stock (86855.00)	Direct
2023-02-23	Restricted Stock Units	$	A	18222.00	Acquired		Common Stock (18222.00)	Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of OSPN common stock.

F2: On September 6 2022, the reporting person was granted performance stock units (PSUs) that were eligible to be earned based upon the registrant's achievement of specified financial metrics for 2022. On February 23, 2023, the registrant's Compensation Committee determined that the reporting person had earned 86,855 PSUs based upon the 2022 financial metrics. The earned PSUs will vest on December 31, 2024, assuming the reporting person continues to be employed by the registrant on that date.

F3: The restricted stock units vest over three years starting on February 23, 2023, with one-third of the shares vesting on February 23, 2024 and one-sixth of the shares vesting every six months thereafter.