Miguel Alonso - 10 Jun 2024 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
10 Jun 2024
Net transactions value
-$3,511
Form type
4
Filing time
11 Jun 2024, 20:10:22 UTC
Previous filing
03 Oct 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 +6,250 +21% 35,764 10 Jun 2024 Direct F1
transaction DZSI Common Stock Tax liability $3,511 -2,041 -5.7% $1.72 33,723 10 Jun 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 -6,250 -100% 0 10 Jun 2024 Common Stock 6,250 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 fourth vesting on June 10, 2024 in the amount of 6,250 units for a total amount vested of 25,000 of the restricted stock units issued on October 12, 2020. 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.