Gunter Reiss - 06 Sep 2024 Form 4 Insider Report for DZS INC. (DZSIQ)

Reporting relationship: Chief Marketing Officer
Issuer ticker: DZSIQ
Reported as of: 06 Sep 2024
Net transaction value: -$2,028
SEC form: 4
Accepted by SEC: 10 Sep 2024, 19:30:33 UTC
Prior SEC filing: 03 Jul 2024
Source filing: View source filing
Reporting owner signature: /s/Laura Larsen-Misunas as Power of Attorney

Key filing fact

Gunter Reiss filed Form 4 for DZS INC. (DZSIQ) on 10 Sep 2024.

Key facts

This page summarizes Gunter Reiss's Form 4 filing for DZS INC. (DZSIQ).
5 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 10 Sep 2024, 19:30.

Change

Previous filing in this sequence was filed on 03 Jul 2024.
Current net transaction value: -$2,028.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

DZSI transaction

Common Stock

Options Exercise

Transaction value
Shares: +8,333
Change %: +50%
Price
Shares after: 24,895
Date: 06 Sep 2024
Ownership: Direct
Footnotes: F1

DZSI transaction

Common Stock

Tax liability

Transaction value: $2,028
Shares: -3,496
Change %: -14%
Price: $0.5800
Shares after: 21,399
Date: 06 Sep 2024
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

Award

Transaction value
Shares: +25,000
Change %
Price
Shares after: 25,000
Date: 06 Sep 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 25,000
Exercise price
Footnotes: F3

DZSI transaction Derivative

Restricted Stock Units

Award

Transaction value
Shares: +25,000
Change %
Price
Shares after: 25,000
Date: 06 Sep 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 25,000
Exercise price
Footnotes: F4

DZSI transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -8,333
Change %: -33%
Price
Shares after: 16,667
Date: 06 Sep 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 8,333
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 4 footnotes

Footnote F1

This represents the first vesting on September 6, 2024, in the amount of 8,333 units for a total amount vested of 8,333 of the restricted stock units issued on September 6, 2024. The remaining vesting will occur on September 6, 2025, and 2026, 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 units.

Footnote F3

These restricted stock units were granted pursuant to the issuer's 2017 Incentive Award Plan and vest in three equal installments on September 6, 2024, 2025, and 2026, subject to the reporting person's continued employment with 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.

Footnote F4

These restricted stock units were granted pursuant to the issuer's 2017 Incentive Award Plan and vest in three equal installments on September 6, 2025, 2026, and 2027, subject to the reporting person's continued employment with 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.