Charles D. Vogt - Jun 10, 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
Jun 10, 2023
Transactions value $
-$21,345
Form type
4
Date filed
6/13/2023, 02:56 PM
Previous filing
Jun 1, 2023
Next filing
Jul 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DZSI Common Stock Options Exercise $0 +14.8K +15.72% $0.00 109K Jun 10, 2023 Direct F1
transaction DZSI Common Stock Tax liability -$21.3K -6.12K -5.61% $3.49 103K Jun 10, 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 -14.8K -100% 0 Jun 10, 2023 Common Stock 14.8K 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 third vesting on June 10, 2023 in the amount of 14,816 units for a total amount vested of 44,444 of the restricted stock units issued on August 1, 2020. Each restricted stock unit represents the right to receive one share of the issuer's common stock upon vesting.
F2 Shares withheld by DZS to satisfy tax withholding requirements on vesting of restricted stock.