SCHEDULE: First Trust Entities Report 4.05% Stake in OneSpan

First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation jointly reported a 4.05% beneficial ownership stake in OneSpan Inc. as of December 31, 2025.

Summary

• First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation have jointly filed an Amendment No. 1 to their Schedule 13G.
• The reporting persons beneficially own an aggregate of 1,540,144 common shares of OneSpan Inc.
• This ownership represents 4.05% of the class of OneSpan Inc.'s common stock.
• The shares are held through unit investment trusts sponsored by First Trust Portfolios L.P. and other registered investment companies, pooled investment vehicles, and/or separately managed accounts for which First Trust Advisors L.P. serves as investment advisor and/or sub-advisor.
• The reporting persons have shared voting power and shared dispositive power over all 1,540,144 shares.
• Each of the reporting persons disclaims beneficial ownership of the shares identified in this filing.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of OneSpan Inc.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive development, as it confirms a significant institutional investor's continued stake in OneSpan Inc., albeit a passive one. It doesn't provide new operational or financial insights into OneSpan itself.

Positives

• A significant institutional investor group, First Trust, maintains a substantial stake in OneSpan Inc., potentially indicating confidence in the company.
• The investment is explicitly stated to be in the ordinary course of business and not for the purpose of influencing control, suggesting a passive, long-term investment approach.

Future Outlook

This filing does not contain forward-looking statements or guidance from OneSpan Inc. as it is an ownership disclosure by an institutional investor.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are routine disclosures by passive institutional investors holding less than 5% of a company's stock, or between 5% and 20% but meeting certain criteria for passive investment. This filing indicates First Trust's continued or adjusted passive investment in OneSpan Inc., a company operating in the cybersecurity and digital identity verification space.

Comparison to Industry Standards

• This filing is a standard regulatory disclosure for institutional investors, adhering to SEC requirements for reporting beneficial ownership.
• The 4.05% stake is below the 5% threshold that typically triggers more active investor scrutiny or potential activist interest, aligning with a passive investment strategy.
• Comparable institutional holdings in similar cybersecurity or fintech companies often see a diverse range of passive and active stakes from various asset managers and funds, making this a common type of disclosure.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, which can be a factor in market perception and investor confidence.

Key Dates

Recommendation

This Schedule 13G filing is a routine disclosure of a passive ownership stake by an institutional investor group. It does not provide new fundamental information about OneSpan Inc.'s operations, financial performance, or strategic direction that would warrant a change in investment recommendation. The 4.05% stake is below the 5% threshold for more active reporting and the filers explicitly state no intent to influence control. Therefore, a "hold" recommendation is appropriate as this filing alone does not present a compelling reason to buy or sell, but rather confirms an existing passive institutional presence.

Keywords

OneSpan Inc., First Trust Portfolios, First Trust Advisors, The Charger Corporation, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, Equity Stake, SEC Filing