VOGT CHARLES D 4

4 · DZS INC. · Filed Jul 5, 2023

Form 4Exit

Period: 2023-07-01

DirectorPresident & CEO

Transactions

Exercise/Conversion
Common Stock
[F1]
2023-07-01+66,666→ 169,618 total
Tax Payment
Common Stock
[F2]
2023-07-01$3.97/sh−24,900$98,853→ 144,718 total
Exercise/Conversion
Common Stock
[F3]
2023-07-01+66,792→ 211,510 total
Tax Payment
Common Stock
[F2]
2023-07-01$3.97/sh−24,947$99,040→ 186,563 total
Exercise/Conversion
Restricted Stock Units
[F1]
2023-07-01−66,666→ 66,668 total
→ Common Stock (66,666 underlying)
Exercise/Conversion
Restricted Stock Units
[F3]
2023-07-01−66,792→ 133,584 total
→ Common Stock (66,792 underlying)

Footnotes (3)

[F1]This represents the second vesting on July 1, 2023 in the amount of 66,666 units for a total amount vested of 133,332 of the restricted stock units issued on July 1, 2021. The remaining vesting will occur on July 1, 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 units.
[F3]This represents the first vesting on July 1, 2023 in the amount of 66,792 units for a total amount vested of 66,792 of the restricted stock units issued on July 1, 2022. The remaining vesting will occur on July 1, 2024 and 2025 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.

Signature

/s/Laura Larsen-Misunas as Power of Attorney|2023-07-05

Documents

1 file