Misty Dawn Kawecki - Aug 2, 2022 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, 2022
Transactions value $
-$65,513
Form type
4
Date filed
8/4/2022, 05:18 PM
Previous filing
Jul 5, 2022
Next filing
Feb 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DZSI Common Stock Options Exercise $0 +16.7K $0.00 16.7K Aug 2, 2022 Direct F1
transaction DZSI Common Stock Tax liability -$65.5K -4.56K -27.36% $14.37 12.1K Aug 2, 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 -16.7K -33.33% 33.3K Aug 2, 2022 Common Stock 16.7K 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 first vesting of the restricted stock units issued on August 2, 2021. Two remaining equal vesting will occur on August 2, 2023 and 2024, subject to the reporting person's continued employment with the issuer on 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.