Justin K. Ferguson - Oct 1, 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
Oct 1, 2023
Transactions value $
-$3,830
Form type
4
Date filed
10/3/2023, 04:16 PM
Previous filing
Jul 5, 2023
Next filing
Jul 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DZSI Common Stock Options Exercise +6.67K +14.52% 52.6K Oct 1, 2023 Direct F1
transaction DZSI Common Stock Tax liability -$3.83K -1.82K -3.47% $2.10 50.7K Oct 1, 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 -6.67K -49.99% 6.67K Oct 1, 2023 Common Stock 6.67K 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 6,666 units for a total amount vested of 13,332 of the restricted stock units issued on October 1, 2021. The remaining equal vesting will occur on October 1, 2024, 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.