Justin K. Ferguson - 06 Sep 2024 Form 4 Insider Report for DZS INC. (DZSIQ)

Role
Chief Legal Officer
Signature
/s/Laura Larsen-Misunas as Power of Attorney
Issuer symbol
DZSIQ
Transactions as of
06 Sep 2024
Net transactions value
-$9,468
Form type
4
Filing time
10 Sep 2024, 19:29:32 UTC
Previous filing
03 Jul 2024
Next filing
02 Oct 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 +50,000 +77% 115,355 06 Sep 2024 Direct F1
transaction DZSI Common Stock Tax liability $9,468 -16,325 -14% $0.5800 99,030 06 Sep 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 Award +150,000 150,000 06 Sep 2024 Common Stock 150,000 Direct F3
transaction DZSI Restricted Stock Units Award +150,000 150,000 06 Sep 2024 Common Stock 150,000 Direct F4
transaction DZSI Restricted Stock Units Options Exercise -50,000 -33% 100,000 06 Sep 2024 Common Stock 50,000 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 first vesting on September 6, 2024, in the amount of 50,000 units for a total amount vested of 50,000 of the restricted stock units issued on September 6, 2024. The remaining vesting will occur on September 6, 2025, and 2026, subject to the reporting person's continued employment with the issuer on each 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.
F3 These restricted stock units were granted pursuant to the issuer's 2017 Incentive Award Plan and vest in three equal installments on September 6, 2024, 2025, and 2026, subject to the reporting person's continued employment with the issuer on each vesting date. Each restricted stock unit represents the right to receive one share of the issuer's common stock upon vesting.
F4 These restricted stock units were granted pursuant to the issuer's 2017 Incentive Award Plan and vest in three equal installments on September 6, 2025, 2026, and 2027, subject to the reporting person's continued employment with the issuer on each vesting date. Each restricted stock unit represents the right to receive one share of the issuer's common stock upon vesting.