Justin K. Ferguson - May 30, 2022 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
May 30, 2022
Transactions value $
$0
Form type
4
Date filed
6/1/2022, 04:17 PM
Previous filing
Oct 5, 2021
Next filing
Jun 14, 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 +5.52K 5.52K May 30, 2022 Common Stock 5.52K Direct F1
* 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 one equal installments on May 30, 2023, subject to the reporting person's continued employment with the issuer on the vesting date. Each restricted stock unit represents the right to receive one share of the issuer's common stock upon vesting.