Choon Yul Yoo - Dec 31, 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
Dec 31, 2022
Transactions value $
$0
Form type
4
Date filed
1/4/2023, 02:43 PM
Previous filing
Oct 4, 2022
Next filing
Apr 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DZSI Common Stock Options Exercise $0 +973 +5.53% $0.00 18.6K Dec 31, 2022 Direct F1
transaction DZSI Common Stock Options Exercise $0 +547 +2.95% $0.00 19.1K Dec 31, 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 -973 -100% 0 Dec 31, 2022 Common Stock 973 Direct F1
transaction DZSI Restricted Stock Units Options Exercise -547 -100% 0 Dec 31, 2022 Common Stock 547 Direct F2
transaction DZSI Restricted Stock Units Options Exercise +7.81K 7.81K Jan 3, 2023 Common Stock 7.81K Direct F3
* 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, 2022 in the amount of 973 units for a total amount vested of 3,889 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 This represents the second vesting on December 31, 2022 in the amount of 547 units for a total amount vested of 1,095 of the restricted stock units issued on July 1, 2022. Each restricted stock unit represents the right to receive one share of the issuer's common stock upon vesting.
F3 These restricted stock units were granted pursuant to the issuer's 2017 Incentive Award Plan and will vest in four equal installments on March 31, 2023, June 30, 2023, September 30, 2023 and December 31, 2023, 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.