Gunter Reiss - 21 Jul 2023 Form 3 Insider Report for DZS INC. (DZSIQ)

Role: Chief Customer Officer, AEMEA
Signature: /s/Laura Larsen-Misunas as Power of Attorney
Issuer symbol: DZSIQ
Transactions as of: 21 Jul 2023
Net transactions value: $0
Form type: 3
Filing time: 25 Jul 2023, 17:16:13 UTC
Next filing: 19 Apr 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	DZSI	Common Stock						8,705	21 Jul 2023	Direct

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
holding	DZSI	Restricted Stock Units							21 Jul 2023	Common Stock	26,250		Direct	F1
holding	DZSI	Restricted Stock Units							21 Jul 2023	Common Stock	10,000		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These restricted stock units were granted pursuant to the issuer's 2017 Incentive Award Plan and vest in four equal installments with the first vesting occurring on February 10, 2023 and the remaining vesting occurring on February 10, 2024, 2025, and 2026, subject to the reporting person's continued employment with the issuer on each vesting date. Each restricted stock unit represents the right to receive one share of the issuer's common stock upon vesting.
F2	These restricted stock units were granted pursuant to the issuer's 2017 Incentive Award Plan and vest in three equal installments with the first vesting occurring on July 1, 2023 and the remaining vesting occurring on July 1, 2024 and 2025, subject to the reporting person's continued employment with the issuer on each vesting date. Each restricted stock unit represents the right to receive one share of the issuer's common stock upon vesting.

Content

These restricted stock units were granted pursuant to the issuer's 2017 Incentive Award Plan and vest in four equal installments with the first vesting occurring on February 10, 2023 and the remaining vesting occurring on February 10, 2024, 2025, and 2026, subject to the reporting person's continued employment with the issuer on each vesting date. Each restricted stock unit represents the right to receive one share of the issuer's common stock upon vesting.

These restricted stock units were granted pursuant to the issuer's 2017 Incentive Award Plan and vest in three equal installments with the first vesting occurring on July 1, 2023 and the remaining vesting occurring on July 1, 2024 and 2025, subject to the reporting person's continued employment with the issuer on each vesting date. Each restricted stock unit represents the right to receive one share of the issuer's common stock upon vesting.