Misty Dawn Kawecki - 02 Aug 2024 Form 4 Insider Report for DZS INC. (DZSIQ)

Role: Chief Financial Officer
Signature: /s/Laura Larsen-Misunas as Power of Attorney
Issuer symbol: DZSIQ
Transactions as of: 02 Aug 2024
Net transactions value: -$6,377
Form type: 4
Filing time: 06 Aug 2024, 16:29:39 UTC
Previous 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		+16,668	+18%		110,216	02 Aug 2024	Direct	F1
transaction	DZSI	Common Stock	Tax liability	$6,377	-5,474	-5%	$1.16	104,742	02 Aug 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		-16,668	-100%		0	02 Aug 2024	Common Stock	16,668		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 third vesting on August 2, 2024 in the amount of 16,668 units for a total amount vested of 50,000 of the restricted stock units issued on August 2, 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 units.