Thomas Arthur Carter - 20 Feb 2023 Form 3 Insider Report for DZS INC. (DZSIQ)

Role
Chief Customer Officer, AEMEA
Signature
/s/Laura Larsen-Misunas as Power of Attorney
Issuer symbol
DZSIQ
Transactions as of
20 Feb 2023
Net transactions value
$0
Form type
3
Filing time
02 Mar 2023, 15:16:02 UTC
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding DZSI Restricted Stock Units 20 Feb 2023 Common Stock 100,000 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These restricted stock units were granted pursuant to the issuer's 2017 Incentive Award Plan and will vest in three equal installments on January 16, 2024, 2025, and 2026, subject to the reporting person's continued employment with the issuer on each vesting date. Each restricted stock unit represents the right to receive one share of the issuer's common stock upon vesting.