OneSpan CTO exercises RSUs, shares withheld for tax
OneSpan Inc. Chief Technology Officer Ashish Jain reported routine equity compensation activity involving company stock.
Rhea-AI Filing Summary
OneSpan Inc. Chief Technology Officer Ashish Jain reported routine equity compensation activity involving company stock. Jain exercised derivative securities covering 4,731 shares of common stock, converting previously granted restricted stock units into shares. In a related tax-withholding disposition, 1,693 shares were withheld at a price of $14.26 per share to satisfy tax obligations.
After these transactions, Jain directly holds 15,413 shares of OneSpan common stock and 14,193 restricted stock units, which continue to vest on a scheduled basis. The footnotes explain that each restricted stock unit represents a contingent right to receive one share of common stock, with units vesting over three years starting on December 16, 2024.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,731 shares exercised/converted
Exercise
3 txns
Insider
Jain Ashish
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,731 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,731 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,693 | $14.26 | $24K |
Holdings After Transaction:
Restricted Stock Units — 14,193 contracts (Direct);
Common Stock — 15,413 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit represents a contingent right to receive one share of OSPN common stock.
- F2. The restricted stock units vest over three years starting on December 16, 2024, with one-third of the shares vesting on December 16, 2025 and one-sixth of the shares vesting every six months thereafter.
Key Figures
RSU-related shares exercised: 4,731 shares
Shares withheld for taxes: 1,693 shares at $14.26
Common shares held after transactions: 15,413 shares
+2 more
5 metrics
RSU-related shares exercised
4,731 shares
Common stock acquired via derivative exercise on June 16, 2026
Shares withheld for taxes
1,693 shares at $14.26
Tax-withholding disposition on June 16, 2026
Common shares held after transactions
15,413 shares
Direct ownership following June 16, 2026 activity
Restricted stock units outstanding
14,193 RSUs
Derivative holdings after June 16, 2026 conversion
Tax-withholding price
$14.26 per share
Price used for 1,693-share tax-withholding disposition
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security
3 terms
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.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition to satisfy tax obligations"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did OneSpan (OSPN) CTO Ashish Jain report in this Form 4?
Ashish Jain reported routine equity compensation activity. He exercised derivative securities for 4,731 common shares and had 1,693 shares withheld to cover taxes, reflecting standard handling of vested restricted stock units rather than an open-market trade.
How many restricted stock units does the OneSpan (OSPN) CTO still have?
Following the conversion of some units into common stock, Ashish Jain has 14,193 restricted stock units outstanding. Each unit represents a contingent right to receive one share of OneSpan common stock as the awards continue to vest over the disclosed three-year schedule.
How do OneSpan (OSPN) restricted stock units vest for the CTO?
The restricted stock units vest over three years starting on December 16, 2024. One-third of the shares vest on December 16, 2025, and one-sixth of the shares vest every six months thereafter, creating a staggered, time-based vesting pattern for the awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.
