OneSpan Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqCM:OSPN Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
12 Dec 25	SellUS$129,675	Jorge A. Martell	Individual	10,000	US$12.97
05 Nov 25	BuyUS$363,000	Michael McConnell	Individual	30,000	US$12.10
05 Nov 25	BuyUS$235,000	Michael McConnell	Individual	20,000	US$11.85
04 Nov 25	BuyUS$24,260	Marc Zenner	Individual	2,000	US$12.13
08 Aug 25	BuyUS$28,160	Marc Zenner	Individual	2,200	US$12.80
08 Aug 25	BuyUS$26,139	Garry Capers	Individual	2,000	US$13.07

Insider Trading Volume

Insider Buying: OSPN insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of OSPN?
Owner Type	Number of Shares	Ownership Percentage
State or Government	12,058	0.0322%
General Public	549,151	1.47%
Individual Insiders	882,226	2.35%
Institutions	36,023,512	96.1%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 72.57% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
9.95%	BlackRock, Inc.	3,728,178	US$39.3m	1.66%	no data
8.78%	The Vanguard Group, Inc.	3,287,965	US$34.6m	-0.23%	no data
6.14%	Legal & General Investment Management Limited	2,300,817	US$24.2m	0.33%	no data
5.6%	Columbia Management Investment Advisers, LLC	2,098,014	US$22.1m	-0.08%	no data
4.2%	Neuberger Berman Investment Advisers LLC	1,572,594	US$16.6m	-0.56%	0.01%
4.1%	First Trust Advisors LP	1,536,260	US$16.2m	-28.3%	0.01%
3.57%	State Street Global Advisors, Inc.	1,339,388	US$14.1m	2.05%	no data
3.23%	Millennium Management LLC	1,211,659	US$12.8m	1,020%	0.01%
2.98%	Dimensional Fund Advisors LP	1,114,876	US$11.7m	6.15%	no data
2.43%	Geode Capital Management, LLC	911,294	US$9.6m	1.3%	no data
2.4%	Acadian Asset Management LLC	900,828	US$9.5m	-8.59%	0.01%
2.08%	Mirae Asset Global Investments Co., Ltd.	779,527	US$8.2m	-45%	no data
1.88%	LSV Asset Management	703,632	US$7.4m	-3.92%	0.01%
1.82%	Topline Capital Management, LLC	680,433	US$7.2m	94.9%	0.79%
1.74%	Arrowstreet Capital, Limited Partnership	651,150	US$6.9m	52.8%	no data
1.73%	Jacobs Levy Equity Management Inc	649,202	US$6.8m	97.2%	0.03%
1.34%	BNY Asset Management	502,148	US$5.3m	92.6%	no data
1.31%	Morgan Stanley	492,568	US$5.2m	15.8%	no data
1.15%	Lynrock Lake LP	432,440	US$4.6m	14.8%	0.68%
1.08%	Jane Street Group, LLC	403,592	US$4.2m	423%	no data
1.03%	Russell Investment Management, LLC	385,281	US$4.1m	76.9%	no data
1.02%	DePrince, Race & Zollo, Inc.	383,925	US$4.0m	101%	0.07%
1.02%	Northern Trust Global Investments	381,139	US$4.0m	-8.53%	no data
1.01%	GWL Investment Management Ltd.	377,053	US$4.0m	5.58%	0.01%
0.98%	Jupiter Fund Management Plc	366,143	US$3.9m	0%	0.01%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/03/05 22:24
End of Day Share Price	2026/03/05 00:00
Earnings	2025/12/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

OneSpan Inc. is covered by 12 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
null null	Argus Research Company
Joel Fishbein	Brean Capital Historical (Janney Montgomery)
Erik Suppiger	B. Riley Securities, Inc.