Justin K. Ferguson - 01 Oct 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
01 Oct 2024
Net transactions value
-$1,253
Form type
4
Filing time
02 Oct 2024, 18:01:14 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 +6,668 +6.7% 105,698 01 Oct 2024 Direct F1
transaction DZSI Common Stock Tax liability $1,253 -2,238 -2.1% $0.5600 103,460 01 Oct 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 -6,668 -100% 0 01 Oct 2024 Common Stock 6,668 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 October 1, 2024 in the amount of 6,668 units for a total amount vested of 20,000 of the restricted stock units issued on October 1, 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.