Justin K. Ferguson - Sep 6, 2024 Form 4 Insider Report for DZS INC. (DZSI)

Role
Chief Legal Officer
Signature
/s/Laura Larsen-Misunas as Power of Attorney
Stock symbol
DZSI
Transactions as of
Sep 6, 2024
Transactions value $
-$9,469
Form type
4
Date filed
9/10/2024, 07:29 PM
Previous 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 +50K +76.51% 115K Sep 6, 2024 Direct F1
transaction DZSI Common Stock Tax liability -$9.47K -16.3K -14.15% $0.58 99K Sep 6, 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 Award +150K 150K Sep 6, 2024 Common Stock 150K Direct F3
transaction DZSI Restricted Stock Units Award +150K 150K Sep 6, 2024 Common Stock 150K Direct F4
transaction DZSI Restricted Stock Units Options Exercise -50K -33.33% 100K Sep 6, 2024 Common Stock 50K 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 September 6, 2024, in the amount of 50,000 units for a total amount vested of 50,000 of the restricted stock units issued on September 6, 2024. The remaining vesting will occur on September 6, 2025, and 2026, 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 units.
F3 These restricted stock units were granted pursuant to the issuer's 2017 Incentive Award Plan and vest in three equal installments on September 6, 2024, 2025, and 2026, subject to the reporting person's continued employment with the issuer on each vesting date. Each restricted stock unit represents the right to receive one share of the issuer's common stock upon vesting.
F4 These restricted stock units were granted pursuant to the issuer's 2017 Incentive Award Plan and vest in three equal installments on September 6, 2025, 2026, and 2027, subject to the reporting person's continued employment with the issuer on each vesting date. Each restricted stock unit represents the right to receive one share of the issuer's common stock upon vesting.