Miguel Alonso - Feb 20, 2023 Form 3 Insider Report for DZS INC. (DZSI)

Role
Chief Product Officer
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, 03:17 PM
Next filing
Jun 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding DZSI Common Stock 10K Feb 20, 2023 Direct

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 Stock Options (Right to Buy) Feb 20, 2023 Common Stock 25K $10.39 Direct F1
holding DZSI Restricted Stock Units Feb 20, 2023 Common Stock 12.5K Direct F2
holding DZSI Restricted Stock Units Feb 20, 2023 Common Stock 7.5K Direct F3
holding DZSI Restricted Stock Units Feb 20, 2023 Common Stock 3.75K Direct F4
holding DZSI Restricted Stock Units Feb 20, 2023 Common Stock 4.14K Direct F5
holding DZSI Restricted Stock Units Feb 20, 2023 Common Stock 40K Direct F3
holding DZSI Restricted Stock Units Feb 20, 2023 Common Stock 5K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These options vest over a four-year vesting schedule as follows: 25% of the options vests on October 12, 2021 and the remainder vests in 36 equal monthly installments thereafter subject to the reporting person's continued employment with the issuer on each such vesting date.
F2 These restricted stock units were granted pursuant to the issuer's 2017 Incentive Award Plan and will vest in two equal installments on June 10, 2023 and 2024, 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.
F3 These restricted stock units were granted pursuant to the issuer's 2017 Incentive Award Plan and will vest in three equal installments on July 1, 2023, 2024, and 2025, 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.
F4 These restricted stock units were granted pursuant to the issuer's 2017 Incentive Award Plan and will vest in three equal installments on October 1, 2023, 2024, and 2025, 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.
F5 These restricted stock units were granted pursuant to the issuer's 2017 Incentive Award Plan and will vest in one equal installment on May 30, 2023, 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.