Jain Ashish 4

What Happened
Ashish Jain, Chief Technology Officer of OneSpan (OSPN), had 4,731 restricted stock units (RSUs) convert to common shares on June 16, 2026 (transaction code M). To cover tax withholding, 1,693 of those shares were surrendered/disposed (transaction code F) at $14.26 per share, generating proceeds of $24,142. Net shares issued to Jain from this conversion = 4,731 − 1,693 = 3,038 shares. The RSUs converted at an exercise/conversion price of $0.00 (typical for RSU settlement).

Key Details

• Transaction date: 2026-06-16; Filing date/accession: 2026-06-16 (timely filing).
• Conversion: 4,731 RSUs converted to shares (Code M) at $0.00.
• Tax withholding: 1,693 shares withheld/disposed (Code F) at $14.26 for total cash of $24,142.
• Net shares received by insider: 3,038 shares (4,731 converted − 1,693 withheld).
• Shares owned after transaction: Not reported in the Form 4 provided.
• Footnotes: F1 = each RSU represents a right to one share; F2 = RSUs vest over three years starting Dec 16, 2024 (one‑third vests Dec 16, 2025; then one‑sixth every six months thereafter).
• Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = payment of exercise price or tax liability (withholding). No indication of a 10b5-1 plan or late filing in this report.

Context
This was a routine RSU vesting/settlement with shares withheld to satisfy tax obligations (a common, administrative transaction). Because the conversion was an award settlement rather than an open‑market purchase or voluntary sale, it is generally considered routine compensation-related activity rather than a directional insider buy/sell signal.