Thomas Arthur Carter - Feb 20, 2023 Form 3 Insider Report for DZS INC. (DZSI)

Role
Chief Customer Officer, AEMEA
Signature
/s/Laura Larsen-Misunas as Power of Attorney
Stock symbol
DZSI
Transactions as of
Feb 20, 2023
Transactions value $
$0
Form type
3
Date filed
3/2/2023, 03:16 PM

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
holding DZSI Restricted Stock Units Feb 20, 2023 Common Stock 100K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These restricted stock units were granted pursuant to the issuer's 2017 Incentive Award Plan and will vest in three equal installments on January 16, 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.