Mataac Lara 4

What Happened

• Mataac Lara, General Counsel of OneSpan Inc. (OSPN), converted/settled 1,823 restricted stock units (derivative exercise/conversion) into common shares on Feb 23, 2026. The conversion shows an acquisition price of $0.00, indicating RSU settlement rather than a cash purchase.
• To satisfy tax withholding, 632 shares were surrendered/withheld at a reported value of $10.75 per share, totaling $6,794. The filing also records the cancellation/disposition of the 1,823 derivative units upon conversion.

Key Details

• Transaction date: 2026-02-23; Form filed: 2026-02-24 (appears timely).
• Exercise/conversion (code M): 1,823 shares acquired at $0.00 (RSU settlement).
• Tax withholding (code F): 632 shares withheld at $10.75/share = $6,794.
• Derivative disposition: 1,823 units shown disposed (reflects cancellation of RSUs on settlement).
• Shares owned after the transaction: not specified in the provided filing details.
• Footnotes: F1 — each RSU = right to one share; F2 — RSUs vest over three years starting Feb 23, 2023 (1/3 vested Feb 23, 2024; then 1/6 every six months).

Context

• This was a scheduled RSU settlement with routine tax-withholding, not an open-market sale or a purchased stake. Withholding of shares to cover taxes (cashless settlement) is common and does not necessarily indicate a bullish or bearish signal by the insider.