Justin K. Ferguson - Oct 1, 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
Oct 1, 2022
Transactions value $
-$24,374
Form type
4
Date filed
10/4/2022, 05:00 PM
Previous filing
Jul 5, 2022
Next filing
Jun 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DZSI Common Stock Options Exercise $0 +6.67K +35.79% $0.00 25.3K Oct 1, 2022 Direct F1
transaction DZSI Common Stock Tax liability -$24.4K -2.16K -8.53% $11.30 23.1K Oct 1, 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 -6.67K -33.33% 13.3K Oct 1, 2022 Common Stock 6.67K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This represents the first vesting on October 1, 2022 in the amount of 6,666 units for a total amount vested of 6,666 of the restricted stock units issued on October 1, 2021. Two remaining equal vesting will occur on October 1, 2023 and 2024, 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 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 units.