4//SEC Filing
Marthi Raghu 4
Accession 0001101680-24-000139
CIK 0001101680other
Filed
Sep 9, 8:00 PM ET
Accepted
Sep 10, 7:30 PM ET
Size
13.6 KB
Accession
0001101680-24-000139
Insider Transaction Report
Form 4
DZS INC.DZSI
Marthi Raghu
Chief Operating Officer
Transactions
- Exercise/Conversion
Common Stock
2024-09-06+25,000→ 58,194 total - Award
Restricted Stock Units
2024-09-06+75,000→ 75,000 total→ Common Stock (75,000 underlying) - Exercise/Conversion
Restricted Stock Units
2024-09-06−25,000→ 50,000 total→ Common Stock (25,000 underlying) - Award
Restricted Stock Units
2024-09-06+75,000→ 75,000 total→ Common Stock (75,000 underlying) - Tax Payment
Common Stock
2024-09-06$0.58/sh−8,163$4,735→ 50,031 total
Footnotes (4)
- [F1]This represents the first vesting on September 6, 2024, in the amount of 25,000 units for a total amount vested of 25,000 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.
Documents
Issuer
DZS INC.
CIK 0001101680
Entity typeother
Related Parties
1- filerCIK 0002021843
Filing Metadata
- Form type
- 4
- Filed
- Sep 9, 8:00 PM ET
- Accepted
- Sep 10, 7:30 PM ET
- Size
- 13.6 KB