Reiss Gunter 4
4 · DZS INC. · Filed Apr 19, 2024
Insider Transaction Report
Form 4
DZS INC.DZSI
Reiss Gunter
Chief Customer Officer, AEMEA
Transactions
- Exercise/Conversion
Common Stock
2024-02-10+8,750→ 17,455 total - Exercise/Conversion
Restricted Stock Units
2024-02-10−8,750→ 17,500 total→ Common Stock (8,750 underlying) - Tax Payment
Common Stock
2024-02-10$1.64/sh−3,750$6,150→ 13,705 total
Footnotes (2)
- [F1]This represents the second vesting on February 10, 2024 in the amount of 8,750 units for a total amount vested of 17,500 of the restricted stock units issued on February 10, 2022. The remaining vesting will occur on February 10, 2025 and 2026, 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.