Jain Ashish 4

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.