Misty Dawn Kawecki - Aug 2, 2021 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, 2021
Transactions value $
$0
Form type
4
Date filed
8/4/2021, 01:26 PM
Next filing
Jun 1, 2022

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 +50K 50K Aug 2, 2021 Common Stock 50K Direct F1
transaction DZSI Stock Options (Right to Buy) Award +100K 100K Aug 2, 2021 Common Stock 100K $18.88 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These restricted stock units were granted pursuant to the issuer's 2017 Incentive Award Plan and will vest in three equal installments on August 2, 2023, 2024, and 2025, 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.
F2 These options were granted pursuant to the issuer's 2017 Incentive Award Plan and will vest over a three year vesting schedule as follows: 33% of the options will vest on August 2, 2022 and the remainder will vest in 24 equal monthly installments thereafter subject to the reporting person's continued employment with the issuer on each vesting date.