Gunter Reiss - 10 Feb 2024 Form 4 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
10 Feb 2024
Net transactions value
-$6,150
Form type
4
Filing time
19 Apr 2024, 16:28:19 UTC
Previous filing
25 Jul 2023
Next filing
03 Jul 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 +8,750 +101% 17,455 10 Feb 2024 Direct F1
transaction DZSI Common Stock Tax liability $6,150 -3,750 -21% $1.64 13,705 10 Feb 2024 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 -8,750 -33% 17,500 10 Feb 2024 Common Stock 8,750 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 February 10, 2024 in the amount of 8,750 units for a total amount vested of 17,500 of the restricted stock units issued on February 10, 2022. The remaining vesting will occur on February 10, 2025 and 2026, 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.