Justin K. Ferguson - 01 Oct 2022 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 2022
Net transactions value
-$24,374
Form type
4
Filing time
04 Oct 2022, 17:00:03 UTC
Previous filing
05 Jul 2022
Next filing
01 Jun 2023
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 $0 +6,666 +36% $0.000000 25,291 01 Oct 2022 Direct F1
transaction DZSI Common Stock Tax liability $24,374 -2,157 -8.5% $11.30 23,134 01 Oct 2022 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 -6,666 -33% 13,334 01 Oct 2022 Common Stock 6,666 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 first vesting on October 1, 2022 in the amount of 6,666 units for a total amount vested of 6,666 of the restricted stock units issued on October 1, 2021. Two remaining equal vesting will occur on October 1, 2023 and 2024, subject to the reporting person's continued employment with the issuer on each 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 units.