CHARLES D. VOGT - 01 Jul 2024 Form 4 Insider Report for DZS INC. (DZSIQ)

Role
President & CEO, Director
Signature
/s/Laura Larsen-Misunas as Power of Attorney
Issuer symbol
DZSIQ
Transactions as of
01 Jul 2024
Net transactions value
-$51,941
Form type
4
Filing time
03 Jul 2024, 13:47:56 UTC
Previous filing
05 Jul 2023
Next filing
10 Sep 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 +66,668 +36% 253,231 01 Jul 2024 Direct F1
transaction DZSI Common Stock Tax liability $25,947 -22,368 -8.8% $1.16 230,863 01 Jul 2024 Direct F2
transaction DZSI Common Stock Options Exercise +66,792 +29% 297,655 01 Jul 2024 Direct F3
transaction DZSI Common Stock Tax liability $25,994 -22,409 -7.5% $1.16 275,246 01 Jul 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 -66,668 -100% 0 01 Jul 2024 Common Stock 66,668 Direct F1
transaction DZSI Restricted Stock Units Options Exercise -66,792 -50% 66,792 01 Jul 2024 Common Stock 66,792 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This represents the third vesting on July 1, 2024 in the amount of 66,668 units for a total amount vested of 200,000 of the restricted stock units issued on July 1, 2021. 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.
F3 This represents the second vesting on July 1, 2024 in the amount of 66,792 units for a total amount vested of 133,584 of the restricted stock units issued on July 1, 2022. The remaining vesting will occur on July 1, 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.