Miguel Alonso - Jun 10, 2024 Form 4 Insider Report for DZS INC. (DZSI)

Role
Chief Product Officer
Signature
/s/Laura Larsen-Misunas as Power of Attorney
Stock symbol
DZSI
Transactions as of
Jun 10, 2024
Transactions value $
-$3,511
Form type
4
Date filed
6/11/2024, 08:10 PM
Previous filing
Oct 3, 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 +6.25K +21.18% 35.8K Jun 10, 2024 Direct F1
transaction DZSI Common Stock Tax liability -$3.51K -2.04K -5.71% $1.72 33.7K Jun 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 -6.25K -100% 0 Jun 10, 2024 Common Stock 6.25K 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 fourth vesting on June 10, 2024 in the amount of 6,250 units for a total amount vested of 25,000 of the restricted stock units issued on October 12, 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.