Charles D. Vogt - Jul 1, 2024 Form 4 Insider Report for DZS INC. (DZSI)

Role
President & CEO, Director
Signature
/s/Laura Larsen-Misunas as Power of Attorney
Stock symbol
DZSI
Transactions as of
Jul 1, 2024
Transactions value $
-$51,941
Form type
4
Date filed
7/3/2024, 01:47 PM
Previous filing
Jul 5, 2023
Next filing
Sep 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DZSI Common Stock Options Exercise +66.7K +35.73% 253K Jul 1, 2024 Direct F1
transaction DZSI Common Stock Tax liability -$25.9K -22.4K -8.83% $1.16 231K Jul 1, 2024 Direct F2
transaction DZSI Common Stock Options Exercise +66.8K +28.93% 298K Jul 1, 2024 Direct F3
transaction DZSI Common Stock Tax liability -$26K -22.4K -7.53% $1.16 275K Jul 1, 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 -66.7K -100% 0 Jul 1, 2024 Common Stock 66.7K Direct F1
transaction DZSI Restricted Stock Units Options Exercise -66.8K -50% 66.8K Jul 1, 2024 Common Stock 66.8K 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.