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  "docSlug": "jarvis-legion-one-span-presentation-may-2021",
  "documentTitle": "Legion One Span Presentation May 2021",
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  "documentKindSlug": "activist-deck",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2021-05-01 00:00:00",
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  "pageNumber": 51,
  "pageCount": 154,
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  "slideType": "expose_contradiction",
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  "nDataPoints": 12,
  "notes": "The slide uses a callout to highlight a specific event (Legion's letter) and a text box to detail specific sales by John Fox and Jean Holley.",
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      "kind": "callout",
      "text": "Following Legion’s 8/18/20 public letter, the Board implements a 2-year ban on insider sales",
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      "kind": "callout",
      "text": "Stockholders have witnessed significant and persistent insider net selling and the average sale price for insiders since 2017 is <$19/share – is the Board aware of OneSpan’s intrinsic value?",
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      "kind": "callout",
      "text": "John Fox sells ~$393K worth of OSPN stock\nJean Holley sells ~$14K worth of OSPN stock",
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      "kind": "chart",
      "text": "OSPN Directors' Open Market Dispositions ($mm)",
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      "text": "Source: SEC Filings",
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      "kind": "paragraph",
      "text": "While Founder Ken Hunt was on the Board, he was an aggressive seller of OSPN stock – in addition, it does not appear that Chairman John Fox and Directors Jean Holley and Matthew Moog have ever purchased OSPN stock in the open market",
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      "kind": "title",
      "text": "Long-Tenured Directors Have Been Net Sellers at Low Prices",
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