Charles D. Vogt - Sep 6, 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
Sep 6, 2024
Transactions value $
-$37,874
Form type
4
Date filed
9/10/2024, 07:30 PM
Previous filing
Jul 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DZSI Common Stock Options Exercise +200K +72.66% 475K Sep 6, 2024 Direct F1
transaction DZSI Common Stock Tax liability -$37.9K -65.3K -13.74% $0.58 410K Sep 6, 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 +600K 600K Sep 6, 2024 Common Stock 600K Direct F3
transaction DZSI Restricted Stock Units Award +600K 600K Sep 6, 2024 Common Stock 600K Direct F4
transaction DZSI Restricted Stock Units Options Exercise -200K -33.33% 400K Sep 6, 2024 Common Stock 200K 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 200,000 units for a total amount vested of 200,000 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.
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.