Misty Dawn Kawecki - 30 May 2023 Form 4 Insider Report for DZS INC. (DZSIQ)

Role: Chief Financial Officer
Signature: /s/Laura Larsen-Misunas as Power of Attorney
Issuer symbol: DZSIQ
Transactions as of: 30 May 2023
Net transactions value: -$8,639
Form type: 4
Filing time: 01 Jun 2023, 16:56:05 UTC
Previous filing: 23 Feb 2023
Next filing: 05 Jul 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	+4,138	+19%	$0.000000	26,245	30 May 2023	Direct	F1
transaction	DZSI	Common Stock	Tax liability	$8,639	-1,352	-5.2%	$6.39	24,893	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		-4,138	-100%		0	30 May 2023	Common Stock	4,138		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 4,138 units for a total amount vested of 4,138 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.