Choon Yul Yoo - Dec 31, 2021 Form 4 Insider Report for DZS INC. (DZSI)

Role
Director
Signature
/s/Laura Larsen-Misunas as Power of Attorney
Stock symbol
DZSI
Transactions as of
Dec 31, 2021
Transactions value $
$0
Form type
4
Date filed
1/4/2022, 01:42 PM
Previous filing
Oct 4, 2021
Next filing
Apr 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DZSI Common Stock Options Exercise $0 +1.07K +8.2% $0.00 14.1K Dec 31, 2021 Direct F1

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 -1.07K -100% 0 Dec 31, 2021 Common Stock 1.07K Direct F1
transaction DZSI Restricted Stock Units Options Exercise +3.89K 3.89K Jan 3, 2022 Common Stock 3.89K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This represents the fourth vesting on December 31, 2021 in the amount of 1,071 units for a total amount vested of 4,275 of the restricted stock units issued on January 4, 2021. Each restricted stock unit represents the right to receive one share of the issuer's common stock upon vesting.
F2 Represents restricted stock units issued to the reporting person that will vest in four equal installments on March 31, 2022, June 30, 2022, September 30, 2022 and December 31, 2022, subject to the reporting person's continued service to the issuer on each such vesting date. Each restricted stock unit represents the right to receive one share of the company's common stock upon vesting.