Misty Dawn Kawecki - Aug 2, 2023 Form 4 Insider Report for DZS INC. (DZSI)

Role
Chief Financial Officer
Signature
/s/Laura Larsen-Misunas as Power of Attorney
Stock symbol
DZSI
Transactions as of
Aug 2, 2023
Transactions value $
-$16,412
Form type
4
Date filed
8/3/2023, 12:48 PM
Previous filing
Jul 5, 2023
Next filing
Jul 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DZSI Common Stock Options Exercise +16.7K +31.23% 70K Aug 2, 2023 Direct F1
transaction DZSI Common Stock Tax liability -$16.4K -4.56K -6.51% $3.60 65.5K Aug 2, 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 -16.7K -50% 16.7K Aug 2, 2023 Common Stock 16.7K 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 second vesting on August 2, 2023 in the amount of 16,666 units for a total amount vested of 33,332 of the restricted stock units issued on August 2, 2021. The remaining vesting will occur on August 2, 2024, subject to the reporting person's continued employment with the issuer on 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 units.