SEC Form SC 13G filed by OneSpan Inc.

2/13/24 7:01:00 AM ET

EDP Services

Technology

Get the next $OSPN alert in real time by email

SC 13G 1 OnespanInc.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* OneSpan Inc. ------------------------------------------------------------------------------- (Name of Issuer) COM USD 0.001 ------------------------------------------------------------------------------- (Title of Class of Securities) 68287N100 -------------------------------------------- (CUSIP Number) December 31, 2023 ------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [] Rule 13d-1(c) [] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Page 1 of 6 ----------------------- CUSIP No. 68287N100 13G ----------------------- ------------------------------------------------------------------------------ 1. Name of Reporting Person I.R.S. Identification No. of above Person LEGAL & GENERAL INVESTMENT MANAGEMENT LIMITED ------------------------------------------------------------------------------ 2. Check the Appropriate Box if a Member of a Group (a) [X] (b) [_] ------------------------------------------------------------------------------ 3. SEC Use Only ------------------------------------------------------------------------------ 4. Citizenship or Place of Organization ONE COLEMAN STREET, LONDON, EC2R 5AA, UK ------------------------------------------------------------------------------ 5. Sole Voting Power Number of 0 Shares ---------------------------------------------------------- 6. Shared Voting Power Beneficially 2,207,340 Owned by ---------------------------------------------------------- Each 7. Sole Dispositive Power Reporting 0 Person ---------------------------------------------------------- 8. Shared Dispositive Power With: 2,207,340 ------------------------------------------------------------------------------ 9. Aggregate Amount Beneficially Owned by Each Reporting Person 2,207,340 ------------------------------------------------------------------------------ 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [_] ------------------------------------------------------------------------------ 11. Percent of Class Represented by Amount in Row (9) 5.53% ------------------------------------------------------------------------------ 12. Type of Reporting Person FI (NON U.S INSTITUTION) Page 2 of 6 ----------------------- CUSIP No. 68287N100 13G ----------------------- ------------------------------------------------------------------------------ 1. Name of Reporting Person I.R.S. Identification No. of above Person LGIM MANAGERS (EUROPE) LIMITED ------------------------------------------------------------------------------ 2. Check the Appropriate Box if a Member of a Group (a) [X] (b) [_] ------------------------------------------------------------------------------ 3. SEC Use Only ------------------------------------------------------------------------------ 4. Citizenship or Place of Organization 70 SIR JOHN ROGERSONS QUAY, DUBLIN 2, IRELAND ------------------------------------------------------------------------------ 5. Sole Voting Power Number of 0 Shares ---------------------------------------------------------- 6. Shared Voting Power Beneficially 2,179,777 Owned by ---------------------------------------------------------- Each 7. Sole Dispositive Power Reporting 0 Person ---------------------------------------------------------- 8. Shared Dispositive Power With: 2,179,777 ------------------------------------------------------------------------------ 9. Aggregate Amount Beneficially Owned by Each Reporting Person 2,179,777 ------------------------------------------------------------------------------ 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [_] ------------------------------------------------------------------------------ 11. Percent of Class Represented by Amount in Row (9) 5.46% ------------------------------------------------------------------------------ 12. Type of Reporting Person FI (NON U.S INSTITUTION) ------------------------------------------------------------------------------ Page 3 of 6 ----------------------- CUSIP No. 68287N100 13G ----------------------- ------------------------------------------------------------------------------ 1. Name of Reporting Person I.R.S. Identification No. of above Person LEGAL & GENERAL UCITS ETF PLC ------------------------------------------------------------------------------ 2. Check the Appropriate Box if a Member of a Group (a) [X] (b) [_] ------------------------------------------------------------------------------ 3. SEC Use Only ------------------------------------------------------------------------------ 4. Citizenship or Place of Organization 70 SIR JOHN ROGERSONS QUAY, DUBLIN 2, IRELAND ------------------------------------------------------------------------------ 5. Sole Voting Power Number of 0 Shares ---------------------------------------------------------- 6. Shared Voting Power Beneficially 2,179,777 Owned by ---------------------------------------------------------- Each 7. Sole Dispositive Power Reporting 0 Person ---------------------------------------------------------- 8. Shared Dispositive Power With: 2,179,777 ------------------------------------------------------------------------------ 9. Aggregate Amount Beneficially Owned by Each Reporting Person 2,179,777 ------------------------------------------------------------------------------ 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [_] ------------------------------------------------------------------------------ 11. Percent of Class Represented by Amount in Row (9) 5.46% ------------------------------------------------------------------------------ 12. Type of Reporting Person FI (NON U.S INSTITUTION) ------------------------------------------------------------------------------ Page 4 of 6 Item 1(a). Name of Issuer: OneSpan Inc. Item 1(b). Address of Issuer's Principal Executive Offices: 1 MARINA PARK DRIVE UNIT 1410 BOSTON, MA, 02210 Item 2(a).LEGAL & GENERAL INVESTMENT MANAGEMENT LIMITED IS A DISCRETIONARY INVESTMENT MANAGER AUTHORISED AND REGULATED BY THE UK FINANCIAL CONDUCT AUTHORITY. LEGAL & GENERAL UCITS ETF PLC IS ORGANISED AS AN OPEN-ENDED INVESTMENT COMPANY WITH VARIABLE CAPITAL. THE COMPANY IS STRUCTURED AS AN UMBRELLA FUND AND IS COMPRISED OF SEPARATE SUB-FUNDS. THE COMPANY HAS SEGREGATED LIABILITY BETWEEN ITS FUNDS AND IS ORGANISED UNDER THE LAWS OF IRELAND AS A PUBLIC LIMITED COMPANY PURSUANT TO THE COMPANIES ACT (2014) (AS AMENDED)(THE "COMPANIES ACT"). THE COMPANY HAS ENTERED INTO A MANAGEMENT AGREEMENT WITH LGIM MANAGERS (EUROPE) LIMITED UNDER WHICH THE MANAGER IS RESPONSIBLE FOR THE MANAGEMENT OF THE COMPANYS AFFAIRS. LGIM MANAGERS (EUROPE) LIMITED IS A LIMITED LIABILITY COMPANY INCORPORATED IN IRELAND AND AUTHORISED BY THE CENTRAL BANK OF IRELAND AS A SUPER MANCO. THE MANAGER HAS APPOINTED LEGAL & GENERAL INVESTMENT MANAGEMENT LIMITED AS INVESTMENT MANAGER FOR EACH OF THE FUNDS. THE INVESTMENT MANAGER IS AUTHORISED AND REGULATED BY THE UK FINANCIAL CONDUCT AUTHORITY. Name of Persons Filing: THIS STATEMENT IS FILED BY: (i) LEGAL & GENERAL INVESTMENT MANAGEMENT LIMITED (ii) LGIM MANAGERS (EUROPE) LIMITED (iii) LEGAL & GENERAL UCITS ETF PLC Item 2(b). Address of Principal Business Office or, if none, Residence: THE ADDRESS OF PRINCIPAL BUSINESS OFFICE IS: (i) ONE COLEMAN STREET, LONDON, EC2R 5AA (ii) 70 SIR JOHN ROGERSONS QUAY, DUBLIN 2, IRELAND (iii) 70 SIR JOHN ROGERSONS QUAY, DUBLIN 2, IRELAND Item 2(c). Citizenship: (i) LEGAL & GENERAL INVESTMENT MANAGEMENT LIMITED - UK (ii) LGIM MANAGERS (EUROPE) LIMITED - IRELAND (iii) LEGAL & GENERAL UCITS ETF PLC - IRELAND Item 2(d). Title of Class of Securities: COM USD 0.01 Item 2(e). CUSIP Number: 68287N100 Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a: (a).[_] Broker or dealer registered under Section 15 of the Act (b).[_] Bank as defined in Section 3(a)(6) of the Act (c).[_] Insurance company as defined in Section 3(a)(19) of the Act (d).[_] Investment company registered under Section 8 of the Investment Company Act of 1940 (e).[_] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f).[_] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g).[_] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h).[_] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i).[_] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940; (j).[X] A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J); (k).[_] A group, in accordance with Rule 13d-1(b)(1)(ii) (A) through (K). If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: Page 5 of 6 Item 4. Ownership.* (a). Amount beneficially owned: (i) LEGAL & GENERAL INVESTMENT MANAGEMENT LIMITED - 2,207,340 (ii) LGIM MANAGERS (EUROPE) LIMITED - 2,179,777 (iii) LEGAL & GENERAL UCITS ETF PLC - 2,179,777 (b). Percent of Class: (i) LEGAL & GENERAL INVESTMENT MANAGEMENT LIMITED - 5.53% (ii) LGIM MANAGERS (EUROPE) LIMITED - 5.46% (iii) LEGAL & GENERAL UCITS ETF PLC - 5.46% (c). Number of shares as to which such person has: (i). Sole power to vote or to direct the vote: 0 (ii). Shared power to vote or to direct the vote: LEGAL & GENERAL INVESTMENT MANAGEMENT LIMITED - 2,207,340 LGIM MANAGERS (EUROPE) LIMITED - 2,179,777 LEGAL & GENERAL UCITS ETF PLC - 2,179,777 (iii). Sole power to dispose or to direct the disposition of: LEGAL & GENERAL INVESTMENT MANAGEMENT LIMITED - 2,207,340 (iv). Shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. NOT APPLICABLE Item 6. Ownership of More than Five Percent on Behalf of Another Person. NOT APPLICABLE Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. NOT APPLICABLE Item 8. Identification and Classification of Members of the Group. NOT APPLICABLE Item 9. Notice of Dissolution of Group. NOT APPLICABLE Item 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. -------------------------- Page 6 of 6 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 14, 2024 LEGAL & GENERAL INVESTMENT MANAGEMENT LIMITED By:/s/ MARY ANN COLLEDGE ---------------------------------------- Name: MARY ANN COLLEDGE Title: HEAD OF CONDUCT ADVISORY

Get the next $OSPN alert in real time by email

Date	Price Target	Rating	Analyst
10/31/2024	$14.00 → $19.00	Neutral → Buy	Sidoti
9/6/2024	$20.00	Buy	Rosenblatt
4/2/2024	$12.00	Buy → Neutral	Sidoti
8/10/2023	$19.00 → $12.00	Buy → Neutral	DA Davidson
2/2/2022	$28.00	Buy	Craig Hallum

SEC Form SC 13G filed by OneSpan Inc.

Chat with this insight

Recent Analyst Ratings for $OSPN

$OSPN Press Releases

Fastest customizable press release news feed in the world

OneSpan Announces Participation in Upcoming Investor Conferences

OneSpan Reports First Quarter 2025 Financial Results

OneSpan to Announce First Quarter Financial Results on May 1, 2025

$OSPN Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Mcconnell Michael J bought $49,150 worth of shares (5,000 units at $9.83), increasing direct ownership by 7% to 73,849 units (SEC Form 4)

Zenner Marc bought $24,716 worth of shares (2,500 units at $9.89), increasing direct ownership by 5% to 56,159 units (SEC Form 4)

$OSPN Leadership Updates

Live Leadership Updates

OneSpan Appoints Identity Expert Ashish Jain as CTO

OneSpan Integrates with Ping Identity to Enable Frictionless Digital Experiences

Natural Gas Services Group, Inc. Announces the Appointment of Jean Holley to its Board of Directors

$OSPN Large Ownership Changes

This live feed shows all institutional transactions in real time.

Amendment: SEC Form SC 13G/A filed by OneSpan Inc.

Amendment: SEC Form SC 13G/A filed by OneSpan Inc.

Amendment: SEC Form SC 13G/A filed by OneSpan Inc.

$OSPN Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

OneSpan upgraded by Sidoti with a new price target

Rosenblatt initiated coverage on OneSpan with a new price target

OneSpan downgraded by Sidoti with a new price target

$OSPN SEC Filings

SEC Form 10-Q filed by OneSpan Inc.

OneSpan Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

SEC Form DEF 14A filed by OneSpan Inc.

$OSPN Financials

Live finance-specific insights

OneSpan Reports First Quarter 2025 Financial Results

OneSpan to Announce First Quarter Financial Results on May 1, 2025

OneSpan Reports Fourth Quarter and Full Year 2024 Financial Results

$OSPN Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

General Counsel Mataac Lara converted options into 10,756 shares and covered exercise/tax liability with 3,158 shares, increasing direct ownership by 16% to 56,156 units (SEC Form 4)

Chief Financial Officer Martell Jorge Garcia converted options into 10,756 shares and covered exercise/tax liability with 3,158 shares, increasing direct ownership by 8% to 108,666 units (SEC Form 4)

Chief Financial Officer Martell Jorge Garcia converted options into 13,236 shares and covered exercise/tax liability with 4,049 shares, increasing direct ownership by 10% to 101,068 units (SEC Form 4)

Recent Analyst Ratings for
$OSPN

$OSPN
Press Releases

$OSPN
Insider Purchases

$OSPN
Leadership Updates

$OSPN
Large Ownership Changes

$OSPN
Analyst Ratings

$OSPN
SEC Filings

$OSPN
Financials

$OSPN
Insider Trading