VOGT CHARLES D 4
4 · DZS INC. · Filed Jul 5, 2023
Insider Transaction Report
Form 4
DZS INC.DZSI
VOGT CHARLES D
DirectorPresident & CEO
Transactions
- Tax Payment
Common Stock
2023-07-01$3.97/sh−24,900$98,853→ 144,718 total - Exercise/Conversion
Restricted Stock Units
2023-07-01−66,666→ 66,668 total→ Common Stock (66,666 underlying) - Exercise/Conversion
Common Stock
2023-07-01+66,666→ 169,618 total - Exercise/Conversion
Common Stock
2023-07-01+66,792→ 211,510 total - Tax Payment
Common Stock
2023-07-01$3.97/sh−24,947$99,040→ 186,563 total - Exercise/Conversion
Restricted Stock Units
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.