Norman L. Foust - Jul 1, 2023 Form 4 Insider Report for DZS INC. (DZSI)

Role
SVP of Global Supply Chain
Signature
/s/Laura Larsen-Misunas as Power of Attorney
Stock symbol
DZSI
Transactions as of
Jul 1, 2023
Transactions value $
-$13,319
Form type
4
Date filed
7/5/2023, 07:52 PM
Previous filing
Mar 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DZSI Common Stock Options Exercise +10K +133.99% 17.5K Jul 1, 2023 Direct F1
transaction DZSI Common Stock Tax liability -$13.3K -3.36K -19.21% $3.97 14.1K Jul 1, 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 -10K -33.33% 20K Jul 1, 2023 Common Stock 10K 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 first vesting on July 1, 2023 in the amount of 10,000 units for a total amount vested of 10,000 of the restricted stock units issued on July 1, 2022. The remaining vesting will occur on July 1, 2024 and 2025 subject to the reporting person's continued employment with the issuer on each such vesting date. 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.