OSPN General Counsel reports RSU vesting and share sale on Form 4
Rhea-AI Filing Summary
OneSpan Inc. (OSPN) reported an insider equity transaction by its General Counsel. On 11/14/2025, the officer exercised 1,132 restricted stock units into common stock at an exercise price of $0, increasing directly held shares to 61,489. In a related transaction the same day, 333 common shares were disposed of at $12.67, typically consistent with tax withholding on vesting. The filing notes that each restricted stock unit converts into one share of common stock and that the units vest over three years starting on May 14, 2024, with one-third vesting on May 14, 2025 and one-sixth vesting every six months thereafter.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 1,132 | $0.00 | -- |
| Exercise | Common Stock | 1,132 | $0.00 | -- |
| Tax Withholding | Common Stock | 333 | $12.67 | $4K |
Footnotes (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 May 14, 2024, with one-third of the shares vesting on May 14, 2025 and one-sixth of the shares vesting every six months thereafter.
FAQ
What insider transaction did OneSpan (OSPN) report in this Form 4?
The General Counsel of OneSpan Inc. (OSPN) reported the vesting and exercise of 1,132 restricted stock units into common stock on 11/14/2025, along with a related share disposal.
Who is the reporting person in this OneSpan (OSPN) Form 4 and what is their role?
The reporting person is an officer of OneSpan Inc. serving as General Counsel, and the filing is made as a Form 4 by one reporting person.
What are the vesting terms of the OneSpan (OSPN) restricted stock units in this filing?
The restricted stock units vest over three years starting on May 14, 2024, with one-third vesting on May 14, 2025 and one-sixth vesting every six months thereafter.
How many derivative securities does the insider still hold after the OneSpan (OSPN) Form 4 transaction?
After the reported transaction, the insider beneficially owns 3,398 restricted stock units, each representing a contingent right to receive one share of OneSpan common stock.