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OneSpan (OSPN) CFO granted 27,041 RSUs vesting over three years

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(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Martell Jorge Garcia reported acquisition or exercise transactions in this Form 4 filing.

OneSpan Inc. reported that CFO Jorge Garcia Martell received a grant of 27,041 restricted stock units. Each unit represents a right to receive one share of common stock. The award vests over three years starting on March 30, 2026, with one-third vesting on March 30, 2027 and the remaining shares vesting in equal one-sixth installments every six months thereafter.

Positive

  • None.

Negative

  • None.
Insider Martell Jorge Garcia
Role CFO
Type Security Shares Price Value
Grant/Award Restricted Stock Units 27,041 $0.00 --
Holdings After Transaction: Restricted Stock Units — 27,041 shares (Direct)
Footnotes (1)
  1. Each restricted stock unit represents a contingent right to receive one share of OSPN common stock. The restricted stock units vest over three years starting on March 30, 2026, with one-third of the shares vesting on March 30, 2027 and one-sixth of the shares vesting every six months thereafter.
RSU grant size 27,041 restricted stock units Award to CFO on March 30, 2026
RSUs following transaction 27,041 units Total restricted stock units held after grant
Grant price $0.00 per unit Compensation award, not an open-market purchase
Vesting start March 30, 2026 Beginning of three-year vesting period
First major vest date March 30, 2027 One-third of RSUs vest
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"represents a contingent right to receive one share of OSPN common stock"
vest financial
"The restricted stock units vest over three years starting on March 30, 2026"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
installments financial
"one-sixth of the shares vesting every six months thereafter"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Martell Jorge Garcia
(Last)(First)(Middle)
1 MARINA PARK DRIVE
UNIT 1410
(Street)
BOSTON MASSACHUSETTS 02210
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
OneSpan Inc. [ OSPN ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
CFO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/30/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units$0(1)03/30/2026A27,041 (2) (2)Common Stock27,041$0(1)27,041D
Explanation of Responses:
1. Each restricted stock unit represents a contingent right to receive one share of OSPN common stock.
2. The restricted stock units vest over three years starting on March 30, 2026, with one-third of the shares vesting on March 30, 2027 and one-sixth of the shares vesting every six months thereafter.
/s/ Lara Mataac, Attorney-in-Fact04/01/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did OneSpan (OSPN) report for its CFO?

OneSpan reported that CFO Jorge Garcia Martell received 27,041 restricted stock units as an equity award. These units are a form of compensation and will convert into common shares only as they vest over a defined three-year schedule.

How many restricted stock units did the OneSpan (OSPN) CFO receive?

The CFO received 27,041 restricted stock units. Each unit represents a contingent right to one share of OneSpan common stock, meaning no shares are issued immediately and the actual stock is delivered only as the units vest over time.

When do the newly granted OneSpan (OSPN) RSUs start vesting?

The restricted stock units begin vesting over three years starting on March 30, 2026. This means the award provides future, not immediate, ownership, aligning the CFO’s compensation with the company’s longer-term performance and retention goals.

What is the vesting schedule for the OneSpan (OSPN) CFO’s RSUs?

One-third of the 27,041 restricted stock units will vest on March 30, 2027. The remaining two-thirds will vest in equal one-sixth installments every six months after that date, spreading full vesting over the subsequent two years.

Does the OneSpan (OSPN) CFO pay anything for these restricted stock units?

The reported grant price per restricted stock unit is zero, indicating they are part of compensation rather than a purchase. Value is realized only when units vest and convert into common shares, which then have whatever market price exists at that time.