Raghu Marthi - 20 Sep 2024 Form 4 Insider Report for DZS INC. (DZSIQ)

Role
Chief Operating Officer
Signature
/s/Laura Larsen-Misunas as Power of Attorney
Issuer symbol
DZSIQ
Transactions as of
20 Sep 2024
Net transactions value
-$1,762
Form type
4
Filing time
23 Sep 2024, 18:17:14 UTC
Previous 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 +8,750 +17% 58,781 20 Sep 2024 Direct F1
transaction DZSI Common Stock Tax liability $1,762 -2,936 -5% $0.6000 55,845 20 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 Options Exercise -8,750 -50% 8,750 20 Sep 2024 Common Stock 8,750 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 September 20, 2024 in the amount of 8,750 units for a total amount vested of 26,250 of the restricted stock units issued on September 20, 2021. The remaining vesting will occur on September 20, 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.
F2 Shares withheld by DZS to satisfy tax withholding requirements on vesting of restricted stock.