Justin K. Ferguson - Jun 10, 2023 Form 4 Insider Report for DZS INC. (DZSI)

Role
Chief Legal Officer
Signature
/s/Laura Larsen-Misunas as Power of Attorney
Stock symbol
DZSI
Transactions as of
Jun 10, 2023
Transactions value $
-$18,755
Form type
4
Date filed
6/13/2023, 02:57 PM
Previous filing
Jun 1, 2023
Next filing
Jul 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DZSI Common Stock Options Exercise $0 +12.5K +47.53% $0.00 38.8K Jun 10, 2023 Direct F1
transaction DZSI Common Stock Tax liability -$18.8K -5.37K -13.85% $3.49 33.4K Jun 10, 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 -12.5K -100% 0 Jun 10, 2023 Common Stock 12.5K 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.