Joon Kyung Kim - Jun 30, 2022 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
Jun 30, 2022
Transactions value $
$0
Form type
4
Date filed
7/5/2022, 05:05 PM
Previous filing
May 23, 2022
Next filing
Oct 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DZSI Common Stock Options Exercise +972 +7.82% 13.4K Jun 30, 2022 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 -972 -33.32% 1.95K Jun 30, 2022 Common Stock 972 Direct F1
transaction DZSI Restricted Stock Units Award +1.1K 1.1K Jul 1, 2022 Common Stock 1.1K 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 second vesting on June 30, 2022 in the amount of 972 units for a total amount vested of 1,944 of the restricted stock units issued on January 3, 2022. Each restricted stock unit represents the right to receive one share of the issuer's common stock upon vesting.
F2 These restricted stock units were granted pursuant to the issuer's 2017 Incentive Award Plan and will vest in two equal installments on September 30, 2022 and December 31, 2022, subject to the reporting person's continued participation on the board of 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.