Jain Ashish 4
4 · OneSpan Inc. · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
OneSpan (OSPN) CTO Ashish Jain Receives 31,927-Share Award
What Happened
Ashish Jain, Chief Technology Officer of OneSpan Inc. (OSPN), was credited with 31,927 performance stock units (PSUs) on Feb 17, 2026. The reported acquisition is a derivative award (price $0) — not an open-market purchase or sale — reflecting compensation earned based on 2025 financial performance.
Key Details
- Transaction date: February 17, 2026; Form filed: February 20, 2026 (filed one business day after the typical 2-business-day Form 4 deadline).
- Security: 31,927 performance stock units (each PSU converts to one share if and when vested). Acquisition price reported as $0.
- Vesting: The Compensation Committee determined the PSUs were earned; they vest 1/3 on March 3, 2026, 1/3 on December 31, 2026, and 1/3 on December 31, 2027, subject to continued employment.
- Shares owned after the transaction: Not specified in the Form 4 filing.
- Footnotes: F1 clarifies each restricted stock unit = right to one share; F2 explains PSUs were granted March 3, 2025, earned based on 2025 metrics and will vest per the schedule above.
Context
This is an earned compensation award (derivative grant) rather than a purchase or sale. PSUs are contingent on performance and continued employment; awards like this are common executive compensation and do not by themselves indicate insider buying or selling intent. The late filing may be noted by investors but often is remedied by an amended filing or SEC inquiry.
Insider Transaction Report
- Award
Restricted Stock Unit
[F1][F2]2026-02-17+31,927→ 31,927 totalExercise: $0.00→ Common Stock (31,927 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of OSPN common stock.
- [F2]On March 3, 2025, the reporting person was granted performance stock units (PSUs) that were eligible to be earned based upon the registrant's achievement of specified financial metrics for 2025. On February 17, 2026, the registrant's Compensation Committee determined that the reporting person had earned 31,927 PSUs based on the 2025 financial metrics. The earned PSUs will vest as to 1/3 of the shares on March 3, 2026 and as to an additional 1/3 of the shares on each of December 31, 2026 and December 31, 2027, assuming the reporting person continues to be employed by the registrant on each such date.