Min Woo Nam - 30 Jun 2023 Form 4 Insider Report for DZS INC. (DZSIQ)

Role
Director
Signature
/s/Laura Larsen-Misunas as Power of Attorney
Issuer symbol
DZSIQ
Transactions as of
30 Jun 2023
Net transactions value
$0
Form type
4
Filing time
05 Jul 2023, 16:39:18 UTC
Previous filing
04 Apr 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 +1,951 +6.5% 31,957 30 Jun 2023 Direct F1

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 -1,951 -33% 3,904 30 Jun 2023 Common Stock 1,951 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Min Woo Nam is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 This represents the second vesting on June 30, 2023 in the amount of 1,951 units for a total amount vested of 3,902 of the restricted stock units issued on January 3, 2023. Each restricted stock unit represents the right to receive one share of the issuer's common stock upon vesting.