Justin K. Ferguson - Jun 10, 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
Jun 10, 2022
Transactions value $
-$71,698
Form type
4
Date filed
6/14/2022, 04:59 PM
Previous filing
Jun 1, 2022
Next filing
Jul 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DZSI Common Stock Options Exercise $0 +12.5K +147.72% $0.00 21K Jun 10, 2022 Direct F1
transaction DZSI Common Stock Tax liability -$71.7K -4.03K -19.22% $17.80 16.9K Jun 10, 2022 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 -12.5K -50% 12.5K Jun 10, 2022 Common Stock 12.5K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This is the second vesting of the restricted stock units issued on October 5, 2020. One remaining equal vesting will occur on June 10, 2023, 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 on 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.