Ferguson Justin K. 4
4 · DZS INC. · Filed Oct 3, 2023
Insider Transaction Report
Form 4
DZS INC.DZSI
Ferguson Justin K.
Chief Legal Officer
Transactions
- Tax Payment
Common Stock
2023-10-01$2.10/sh−1,824$3,830→ 50,743 total - Exercise/Conversion
Restricted Stock Units
2023-10-01−6,666→ 6,668 total→ Common Stock (6,666 underlying) - Exercise/Conversion
Common Stock
2023-10-01+6,666→ 52,567 total
Footnotes (2)
- [F1]This represents the second vesting on October 1, 2023 in the amount of 6,666 units for a total amount vested of 13,332 of the restricted stock units issued on October 1, 2021. The remaining equal vesting will occur on October 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.