Justin K. Ferguson - 30 May 2023 Form 4 Insider Report for DZS INC. (DZSIQ)

Role
Chief Legal Officer
Signature
/s/Laura Larsen-Misunas as Power of Attorney
Issuer symbol
DZSIQ
Transactions as of
30 May 2023
Net transactions value
-$15,042
Form type
4
Filing time
01 Jun 2023, 16:56:45 UTC
Previous filing
04 Oct 2022
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 +5,517 +24% $0.000000 28,651 30 May 2023 Direct F1
transaction DZSI Common Stock Tax liability $15,042 -2,354 -8.2% $6.39 26,297 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 -5,517 -100% 0 30 May 2023 Common Stock 5,517 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 5,517 units for a total amount vested of 5,517 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 units.