Gunter Reiss - Feb 10, 2024 Form 4 Insider Report for DZS INC. (DZSI)

Role
Chief Customer Officer, AEMEA
Signature
/s/Laura Larsen-Misunas as Power of Attorney
Stock symbol
DZSI
Transactions as of
Feb 10, 2024
Transactions value $
-$6,150
Form type
4
Date filed
4/19/2024, 04:28 PM
Previous filing
Jul 25, 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 +8.75K +100.52% 17.5K Feb 10, 2024 Direct F1
transaction DZSI Common Stock Tax liability -$6.15K -3.75K -21.48% $1.64 13.7K Feb 10, 2024 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 -8.75K -33.33% 17.5K Feb 10, 2024 Common Stock 8.75K 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 February 10, 2024 in the amount of 8,750 units for a total amount vested of 17,500 of the restricted stock units issued on February 10, 2022. The remaining vesting will occur on February 10, 2025 and 2026, 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.