Charles D. Vogt - Jul 1, 2021 Form 4/A - Amendment Insider Report for DZS INC. (DZSI)

Role: President & CEO, Director
Signature: /s/Laura Larsen-Misunas as Power of Attorney
Stock symbol: DZSI
Transactions as of: Jul 1, 2021
Transactions value $: $0
Form type: 4/A - Amendment
Date filed: 10/5/2021, 12:52 PM
Date Of Original Report: Jul 6, 2021
Previous filing: Jun 14, 2021
Next filing: Oct 25, 2021

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		+200K			200K	Jul 1, 2021	Common Stock	200K		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The original Form 4, filed on July 6, 2021, is being amended by this Form 4 amendment solely to correct an administrative error, which inadvertently misreported that the restricted stock units granted pursuant to the issuers 2017 Incentive Award Plan will vest in four equal installments on July 1, 2022, 2023, 2024 and 2025, subject to the reporting person's continued employment with the issuer on each vesting date, when in fact the restricted stock units will vest in three equal installments on July 1, 2022, 2023 and 2024, subject to the reporting persons continued employment with the issuer on each vesting date. Each restricted stock unit represents the right to receive one share of the issuers common stock upon vesting.

Content

The original Form 4, filed on July 6, 2021, is being amended by this Form 4 amendment solely to correct an administrative error, which inadvertently misreported that the restricted stock units granted pursuant to the issuers 2017 Incentive Award Plan will vest in four equal installments on July 1, 2022, 2023, 2024 and 2025, subject to the reporting person's continued employment with the issuer on each vesting date, when in fact the restricted stock units will vest in three equal installments on July 1, 2022, 2023 and 2024, subject to the reporting persons continued employment with the issuer on each vesting date. Each restricted stock unit represents the right to receive one share of the issuers common stock upon vesting.