Miguel Alonso - 01 Oct 2023 Form 4 Insider Report for DZS INC. (DZSIQ)

Role
Chief Product Officer
Signature
/s/Laura Larsen-Misunas as Power of Attorney
Issuer symbol
DZSIQ
Transactions as of
01 Oct 2023
Net transactions value
-$882
Form type
4
Filing time
03 Oct 2023, 16:15:57 UTC
Previous filing
05 Jul 2023
Next filing
11 Jun 2024
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 +1,250 +4.4% 29,934 01 Oct 2023 Direct F1
transaction DZSI Common Stock Tax liability $882 -420 -1.4% $2.10 29,514 01 Oct 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 -1,250 -33% 2,500 01 Oct 2023 Common Stock 1,250 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 second vesting on October 1, 2023 in the amount of 1,250 units for a total amount vested of 2,500 of the restricted stock units issued on October 1, 2021. Two remaining equal vesting will occur on October 1, 2024 and 2025 subject to the reporting person's continued employment with the issuer on such vesting date. 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.