Justin K. Ferguson - 10 Jun 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
10 Jun 2023
Net transactions value
-$18,755
Form type
4
Filing time
13 Jun 2023, 14:57:50 UTC
Previous filing
01 Jun 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 +12,500 +48% $0.000000 38,797 10 Jun 2023 Direct F1
transaction DZSI Common Stock Tax liability $18,755 -5,374 -14% $3.49 33,423 10 Jun 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 -12,500 -100% 0 10 Jun 2023 Common Stock 12,500 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 third vesting on June 10, 2023 in the amount of 12,500 units for a total amount vested of 37,500 of the restricted stock units issued on September 28, 2020. Each restricted stock unit represents the right to receive one share of the issuer's common stock upon vesting.
F2 Shares withheld by DZS to satisfy tax withholding requirements on vesting of restricted stock units.