Ferguson Justin K. 4
4 · DZS INC. · Filed Sep 10, 2024
Insider Transaction Report
Form 4
DZS INC.DZSI
Ferguson Justin K.
Chief Legal Officer
Transactions
- Exercise/Conversion
Restricted Stock Units
2024-09-06−50,000→ 100,000 total→ Common Stock (50,000 underlying) - Award
Restricted Stock Units
2024-09-06+150,000→ 150,000 total→ Common Stock (150,000 underlying) - Exercise/Conversion
Common Stock
2024-09-06+50,000→ 115,355 total - Tax Payment
Common Stock
2024-09-06$0.58/sh−16,325$9,469→ 99,030 total - Award
Restricted Stock Units
2024-09-06+150,000→ 150,000 total→ Common Stock (150,000 underlying)
Footnotes (4)
- [F1]This represents the first vesting on September 6, 2024, in the amount of 50,000 units for a total amount vested of 50,000 of the restricted stock units issued on September 6, 2024. The remaining vesting will occur on September 6, 2025, and 2026, 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]These restricted stock units were granted pursuant to the issuer's 2017 Incentive Award Plan and vest in three equal installments on September 6, 2024, 2025, and 2026, subject to the reporting person's continued employment with the issuer on each vesting date. Each restricted stock unit represents the right to receive one share of the issuer's common stock upon vesting.
- [F4]These restricted stock units were granted pursuant to the issuer's 2017 Incentive Award Plan and vest in three equal installments on September 6, 2025, 2026, and 2027, subject to the reporting person's continued employment with the issuer on each vesting date. Each restricted stock unit represents the right to receive one share of the issuer's common stock upon vesting.