Marthi Raghu 4
4 · DZS INC. · Filed Jul 3, 2024
Insider Transaction Report
Form 4
DZS INC.DZSI
Marthi Raghu
Chief Operating Officer
Transactions
- Exercise/Conversion
Common Stock
2024-07-01+6,666→ 35,371 total - Tax Payment
Common Stock
2024-07-01$1.16/sh−2,177$2,525→ 33,194 total - Exercise/Conversion
Restricted Stock Units
2024-07-01−6,666→ 6,668 total→ Common Stock (6,666 underlying)
Footnotes (2)
- [F1]This represents the second vesting on July 1, 2024 in the amount of 6,666 units for a total amount vested of 13,332 of the restricted stock units issued on July 1, 2022. The remaining vesting will occur on July 1, 2025, 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.