Kawecki Misty Dawn 4

4 · DZS INC. · Filed Jul 5, 2023

Form 4

Period: 2023-07-01

Chief Financial Officer

Transactions

Exercise/Conversion
Common Stock
[F1]
2023-07-01+16,698→ 41,591 total
Tax Payment
Common Stock
[F2]
2023-07-01$3.97/sh−4,951$19,655→ 36,640 total
Exercise/Conversion
Common Stock
[F3]
2023-07-01+25,000→ 61,640 total
Tax Payment
Common Stock
[F2]
2023-07-01$3.97/sh−8,282$32,880→ 53,358 total
Exercise/Conversion
Restricted Stock Units
[F1]
2023-07-01−16,698→ 33,396 total
→ Common Stock (16,698 underlying)
Exercise/Conversion
Restricted Stock Units
[F3]
2023-07-01−25,000→ 25,000 total
→ Common Stock (25,000 underlying)

Footnotes (3)

[F1]This represents the first vesting on July 1, 2023 in the amount of 16,698 units for a total amount vested of 16,698 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.
[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 25,000 units for a total amount vested of 25,000 of the restricted stock units issued on July 1, 2022. 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.

Signature

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

Documents

1 file