Charles D. Vogt - 30 May 2023 Form 4 Insider Report for DZS INC. (DZSIQ)

Role
President & CEO, Director
Signature
/s/Laura Larsen-Misunas as Power of Attorney
Issuer symbol
DZSIQ
Transactions as of
30 May 2023
Net transactions value
-$50,123
Form type
4
Filing time
01 Jun 2023, 16:54:51 UTC
Previous filing
23 Feb 2023
Next filing
13 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DZSI Common Stock Options Exercise $0 +18,391 +22% $0.000000 102,096 30 May 2023 Direct F1
transaction DZSI Common Stock Tax liability $50,123 -7,844 -7.7% $6.39 94,252 30 May 2023 Direct F2

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
transaction DZSI Restricted Stock Units Options Exercise -18,391 -100% 0 30 May 2023 Common Stock 18,391 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This represents the vesting on May 30, 2023 in the amount of 18,391 units for a total amount vested of 18,391 of the restricted stock units issued on May 30,2022.
F2 Shares withheld by DZS to satisfy tax withholding requirements on vesting of restricted stock.