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

Role
Chief Operating Officer
Signature
/s/Laura Larsen-Misunas as Power of Attorney
Stock symbol
DZSI
Transactions as of
Sep 20, 2024
Transactions value $
-$1,762
Form type
4
Date filed
9/23/2024, 06:17 PM
Previous 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 +8.75K +17.49% 58.8K Sep 20, 2024 Direct F1
transaction DZSI Common Stock Tax liability -$1.76K -2.94K -4.99% $0.60 55.8K Sep 20, 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 -8.75K -50% 8.75K Sep 20, 2024 Common Stock 8.75K 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.