Charles D. Vogt - May 30, 2023 Form 4 Insider Report for DZS INC. (DZSI)

Role
President & CEO, Director
Signature
/s/Laura Larsen-Misunas as Power of Attorney
Stock symbol
DZSI
Transactions as of
May 30, 2023
Transactions value $
-$50,123
Form type
4
Date filed
6/1/2023, 04:54 PM
Previous filing
Feb 23, 2023
Next filing
Jun 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DZSI Common Stock Options Exercise $0 +18.4K +21.97% $0.00 102K May 30, 2023 Direct F1
transaction DZSI Common Stock Tax liability -$50.1K -7.84K -7.68% $6.39 94.3K May 30, 2023 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 -18.4K -100% 0 May 30, 2023 Common Stock 18.4K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This represents the vesting on May 30, 2023 in the amount of 18,391 units for a total amount vested of 18,391 of the restricted stock units issued on May 30,2022.
F2 Shares withheld by DZS to satisfy tax withholding requirements on vesting of restricted stock.