On May 7, 2026, the Board of Directors (the "Board") of OneSpan Inc. (the "Company") terminated the stock repurchase program adopted by the Board on May 9, 2024 and adopted a new stock repurchase program (the "Repurchase Program") under which the Company is authorized to repurchase up to $50 million of the Company's issued and outstanding shares of common stock, exclusive of any fees, commissions, or other expenses related to such repurchases, on or prior to May 7, 2028. The Repurchase Program does not require the Company to acquire a specific number of shares, and the Repurchase Program may be modified, suspended from time to time, or terminated.