[SCHEDULE 13G/A] OneSpan Inc. SEC Filing

Rhea-AI Filing Summary

OneSpan Inc. common stock is reported as held by Global X Management Company LLC (GXMC) on behalf of the Global X Cybersecurity ETF. GXMC discloses beneficial ownership of 1,369,883 shares, representing 3.58% of the class, with sole voting and dispositive power over those shares.

The filing states the shares were acquired in the ordinary course of business, that the Fund (the beneficial owner) has the right to receive dividends and sale proceeds, and that GXMC disclaims ownership rights to dividends or sale proceeds. The filing indicates the position is not intended to influence or change issuer control.

Positive

• Transparent disclosure of beneficial ownership by GXMC for the Global X Cybersecurity ETF (1,369,883 shares, 3.58%)
• Clear statement that shares were acquired in the ordinary course and are not intended to change or influence issuer control

Negative

• Stake is below 5%, so the position offers limited ability to influence corporate governance or strategic decisions

Insights

Financial Analyst

TL;DR: Passive ETF stake of 3.58% in OneSpan; material as a disclosure but below control thresholds.

The Schedule 13G/A shows GXMC, as adviser to the Global X Cybersecurity ETF, holds 1,369,883 shares or 3.58% of OneSpan's outstanding common stock with sole voting and dispositive power recorded. This is a routine passive disclosure typical for index/sector ETFs and signals investor interest from a cybersecurity-focused fund rather than an activist intent. Because the stake is under 5%, it does not trigger 13D-level activist reporting and likely has limited governance influence.

Corporate Governance Expert

TL;DR: Filing documents passive ownership and affirms no intent to influence control; governance impact is minimal.

The filing explicitly states the shares were acquired in the ordinary course of business and not to influence control. GXMC disclaims rights to dividends or sale proceeds while identifying the Fund as the beneficial owner. From a governance perspective, a 3.58% ETF holding may affect trading liquidity and public perception but does not confer meaningful voting leverage or a formal governance role.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

OneSpan Inc.

(Name of Issuer)

Common Stock, par value $0.001 per share

(Title of Class of Securities)

68287N100

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 68287N100

1

Names of Reporting Persons

Global X Management CO LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,369,883.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,369,883.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,369,883.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.58 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: OneSpan Inc.
(b)	Address of issuer's principal executive offices: 1 Marina Park Drive, Unit 1410, Boston, Massachusetts, 02210
Item 2.
(a)	Name of person filing: Global X Management Company LLC ("GXMC")
(b)	Address or principal business office or, if none, residence: 605 3rd Avenue, 43rd Floor New York, NY 10158
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common Stock, par value $0.001 per share
(e)	CUSIP No.: 68287N100
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The information in items 1 and 5 through 11 on the cover pages (p. 2) on Schedule 13G is hereby incorporated by reference. GXMC is a registered investment adviser that furnishes investment advice to the Global X Cybersecurity ETF (the "Fund"), a separate series of Global X Funds, an investment company registered under Section 8 of the Investment Company Act of 1940. As a result of its role as investment adviser to the Fund, GXMC may be deemed to be the beneficial owner of shares of OneSpan Inc. held by the Fund. However, GXMC does not have the right to receive any dividends from, or the proceeds from the sale of, the securities held in the Fund and disclaims any ownership associated with such rights.
(b)	Percent of class: 3.58 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,369,883
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1,369,883
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Global X Cybersecurity ETF, set forth in Item 4 above, has the right to receive all dividends from, and the proceeds from the sale of, the securities held in its respective account. These shares were acquired in the ordinary course of business, and not with the purpose of changing or influencing control of the issuer.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Global X Management CO LLC

Signature:	/s/ Ryan O'Connor
Name/Title:	Ryan O'Connor, Chief Executive Officer
Date:	08/14/2025

FAQ

How many OneSpan (OSPN) shares does Global X Management Company LLC report holding?

The filing reports 1,369,883 shares of OneSpan common stock.

What percentage of OneSpan does GXMC's holding represent?

The reported position represents 3.58% of OneSpan's outstanding common stock.

Who is the beneficial owner of the shares reported by GXMC?

GXMC states the shares are held on behalf of the Global X Cybersecurity ETF, which is the beneficial owner with rights to dividends and sale proceeds.

Does GXMC intend to influence control of OneSpan according to the filing?

No. The filing states the shares were acquired in the ordinary course of business and were not acquired to change or influence control of the issuer.

What voting and dispositive powers does GXMC report?

GXMC reports sole voting power of 1,369,883 shares and sole dispositive power of 1,369,883 shares, with no shared powers reported.