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  "documentTitle": "Legion One Span Presentation May 2021",
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  "notes": "Section 1 indicator present.",
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      "kind": "callout",
      "text": "All three peer sets are appropriate for comparison to OSPN's TSR and valuation",
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      "kind": "list",
      "text": "Cybersecurity Peers: cybersecurity public peers of meaningful size ($500mm+ market capitalization), many of whom sell both software (all deployment types) and hardware solutions (firewall appliances, etc.)",
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      "text": "Company Peers: OneSpan's hand-selected peers disclosed in their Fiscal 2020 Form 10-K",
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      "text": "Source: SEC Filings, Legion Partners' Estimates",
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      "text": "The Right OneSpan Peer Sets",
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