Justin K. Ferguson - May 30, 2023 Form 4 Insider Report for DZS INC. (DZSI)

Role
Chief Legal Officer
Signature
/s/Laura Larsen-Misunas as Power of Attorney
Stock symbol
DZSI
Transactions as of
May 30, 2023
Transactions value $
-$15,042
Form type
4
Date filed
6/1/2023, 04:56 PM
Previous filing
Oct 4, 2022
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 +5.52K +23.85% $0.00 28.7K May 30, 2023 Direct F1
transaction DZSI Common Stock Tax liability -$15K -2.35K -8.22% $6.39 26.3K 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 -5.52K -100% 0 May 30, 2023 Common Stock 5.52K 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 5,517 units for a total amount vested of 5,517 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 units.