Foust Norman L 4
4 · DZS INC. · Filed Jul 5, 2023
Insider Transaction Report
Form 4
DZS INC.DZSI
Foust Norman L
SVP of Global Supply Chain
Transactions
- Exercise/Conversion
Common Stock
2023-07-01+10,000→ 17,463 total - Exercise/Conversion
Restricted Stock Units
2023-07-01−10,000→ 20,000 total→ Common Stock (10,000 underlying) - Tax Payment
Common Stock
2023-07-01$3.97/sh−3,355$13,319→ 14,108 total
Footnotes (2)
- [F1]This represents the first vesting on July 1, 2023 in the amount of 10,000 units for a total amount vested of 10,000 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.