Key facts
- This page summarizes Norman L. Foust's Form 4 filing for DZS INC. (DZSIQ).
- 3 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 05 Jul 2023, 19:52.
Norman L. Foust - 01 Jul 2023 Form 4 Insider Report for DZS INC. (DZSIQ)
- Reporting relationship
- SVP of Global Supply Chain
- Issuer ticker
- DZSIQ
- Reported as of
- 01 Jul 2023
- Net transaction value
- -$13,319
- SEC form
- 4
- Accepted by SEC
- 05 Jul 2023, 19:52:22 UTC
- Prior SEC filing
- 02 Mar 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/Laura Larsen-Misunas as Power of Attorney
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Filing notes and source
Key filing fact
Norman L. Foust filed Form 4 for DZS INC. (DZSIQ) on 05 Jul 2023.
Change
- Previous filing in this sequence was filed on 02 Mar 2023.
- Current net transaction value: -$13,319.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
DZSI
transaction
Common Stock
Options Exercise
- Transaction value
- Shares
- +10,000
- Change %
- +134%
- Price
- Shares after
- 17,463
- Date
- 01 Jul 2023
- Ownership
- Direct
- Footnotes
- F1
DZSI
transaction
Common Stock
Tax liability
- Transaction value
- $13,319
- Shares
- -3,355
- Change %
- -19%
- Price
- $3.97
- Shares after
- 14,108
- Date
- 01 Jul 2023
- Ownership
- Direct
- Footnotes
- F2
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
DZSI
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- Shares
- -10,000
- Change %
- -33%
- Price
- Shares after
- 20,000
- Date
- 01 Jul 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 10,000
- Exercise price
- Footnotes
- F1
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 2 footnotes
Footnote F1
This represents the first vesting on July 1, 2023 in the amount of 10,000 units for a total amount vested of 10,000 of the restricted stock units issued on July 1, 2022. The remaining vesting will occur on July 1, 2024 and 2025 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.
Footnote F2
Shares withheld by DZS to satisfy tax withholding requirements on vesting of restricted stock.