SCHEDULE: Global X Management Amends OneSpan Stake

Global X Management Company LLC has filed an amendment to its Schedule 13G, reporting a 3.58% beneficial ownership stake in OneSpan Inc. common stock as of June 30, 2025.

Summary

• Global X Management Company LLC (GXMC) filed an Amendment No. 1 to Schedule 13G regarding its beneficial ownership in OneSpan Inc.
• As of June 30, 2025, GXMC beneficially owned 1,369,883 shares of OneSpan Inc. common stock.
• This represents 3.58% of OneSpan Inc.'s common stock class.
• GXMC, a Delaware-based investment adviser, holds sole voting and dispositive power over these shares.
• The shares are held by the Global X Cybersecurity ETF, for which GXMC acts as investment adviser.
• GXMC disclaims the right to receive dividends or proceeds from the sale of these securities, with those rights belonging to the Global X Cybersecurity ETF.
• The shares were acquired in the ordinary course of business and not for the purpose of changing or influencing control of OneSpan Inc.

Sentiment

Score: 5

Explanation: The filing is a routine beneficial ownership disclosure (Schedule 13G Amendment) and does not contain information that would significantly alter the sentiment towards the company, indicating a neutral impact.

Positives

• The disclosure of an institutional investor's stake, particularly from an ETF focused on the company's industry, may be viewed as a positive signal of institutional interest and confidence in OneSpan Inc.

Risks

• None explicitly mentioned in this beneficial ownership filing, as Schedule 13G primarily focuses on ownership disclosure rather than company-specific risks.

Future Outlook

Not applicable to this beneficial ownership filing, as Schedule 13G does not typically contain forward-looking statements or guidance.

Management Comments

• No specific management comments or statements from OneSpan Inc. management were included in this filing. The filing includes the signature of Ryan O'Connor, Chief Executive Officer of Global X Management CO LLC, certifying the accuracy of the statement.

Industry Context

OneSpan Inc. operates in the cybersecurity sector, a focus area for the Global X Cybersecurity ETF, which holds the reported shares. This filing indicates an institutional investment in a company within a specialized industry segment.

Comparison to Industry Standards

• Not applicable as this filing is a beneficial ownership disclosure, not a performance report or financial statement that would allow for direct comparison to industry standards or specific comparable companies' results.

Related Party Transactions

• Global X Management Company LLC acts as the investment adviser to the Global X Cybersecurity ETF, which holds the OneSpan Inc. shares. Global X Management disclaims the right to receive dividends or proceeds from the sale of these securities, with those rights belonging to the Global X Cybersecurity ETF.

Stakeholder Impact

• For shareholders, the disclosure of an institutional investor's stake, particularly from an ETF focused on the company's industry, may be viewed as a positive signal of institutional interest and confidence in OneSpan Inc.

Key Dates

Keywords

OneSpan, Global X Management, Beneficial Ownership, Schedule 13G, Investment Adviser, Cybersecurity ETF, Common Stock, Institutional Investor