X0306 4/A 2020-01-15 2020-02-06 0 0001044777 OneSpan Inc. OSPN 0001063245 CULLINANE MICHAEL P 121 W WACKER DR. SUITE 2050 CHICAGO IL 60601 1 0 0 0 Common Stock, $0.001 par value 2020-02-01 4 M 0 7124 16.62 A 192078 D Restricted Stock Units 2020-02-01 4 M 0 7124 16.62 D Common Stock 7124 0 D Restricted Stock Units 2020-01-15 4 A 0 5230 0 A Common Stock 5230 5230 D The reporting person received a restricted stock unit grant upon approval of the OneSpan Inc. 2019 Omnibus Incentive Plan (the "2019 Plan") at the Annual Meeting of Stockholders of OneSpan Inc. held on June 12, 2019. The 2019 Plan was approved by the Board on February 1, 2019, subject to stockholder approval. Each restricted stock unit represents a contingent right to receive one share of OneSpan's common stock. The shares are deferred restricted stock units which vested on February 1, 2020. Not applicable. The reporting person received a restricted stock unit grant on January 15, 2020. Each restricted stock unit represents a contingent right to receive one share of OneSpan's common stock. The shares acquired are deferred restricted stock units and will vest on January 15, 2021. /s/ Steven R. Worth, Attorney in Fact 2020-04-22